Metrics and Targets
Otbasy Bank JSC integrates climate-related metrics and targets into its sustainability and risk management system, ensuring comprehensive monitoring of climate impacts on its mortgage portfolio, operational activities, and strategic priorities. These initiatives align with international standards (IFRS S2, GRI, PCAF) and Kazakhstan’s national decarbonization strategy.
Since 2023, the Bank has been calculating GHG emissions under Scope 1 and Scope 2 in accordance with national methodological guidelines. Starting from 2024, Otbasy Bank JSC began calculating Scope 3 emissions, including financed emissions related to its mortgage lending portfolio. The methodology is based on PCAF international standards and takes into account building characteristics, construction type, location, and estimated energy consumption.
Summary of GHG emissions for 2024 is presented in the table below:
|
No. |
Category |
Unit |
Value for 2024 |
|---|---|---|---|
|
1 |
Scope 1 |
CO2-eq, tons |
402.46 |
|
2 |
Scope 2 |
2,313.22 |
|
|
3 |
Scope 3 |
4,414.90 |
|
|
4 |
Financed Emissions (Category 15) |
1,164,084.94 |
Share of Green and Social Financing:
The Bank actively promotes green mortgage lending. In 2024, the Bank successfully deployed KZT 18.6 billion from its own funds, which represents 94 % of the planned KZT 19.8 billion. As a result, in 2024, the Bank issued mortgage loans to 763 customers under this program, totaling KZT 18.6 billion. Since the launch of the green mortgage initiative, a total of 1,255 loans have been issued, amounting to KZT 31.4 billion. As of 1 January 2025, the green mortgage portfolio amounted to KZT 30.7 billion, representing 0.9 % of the Bank’s total loan portfolio.
The share of social mortgages in the total portfolio stands at 39 %, or KZT 1,362.57 billion.
Strategic climate targets include:
- Reduce Scope 1 and Scope 2 emissions by 10 % by 2030 compared to the 2023 baseline;
- Gradual reduction of Scope 3 emissions, including those from the Bank’s mortgage portfolio;
- Increase the share of green financing;
- Integrate climate-related KPIs and KRIs into key planning, capital management, and internal incentive processes.
Thus, Otbasy Bank JSC forms a transparent, quantified and manageable approach to the implementation of the climate agenda, strengthening its resilience to external challenges and facilitating the transition to a low-carbon economy.
