Sustainable Procurement and Investment Policy

Sustainable Procurement and Investment Policy 

Introduction Khoja Akhmet Yassawi International Kazakh-Turkish University adheres to ecological, economic, and social responsibility in all its activities to achieve sustainable development goals. Accordingly, the university's procurement and investment policy is based on the legislation of the Republic of Kazakhstan and international regulations, aiming to ensure environmental sustainability, social justice, and economic efficiency. 

Policy Objectives
        ●Integrate sustainable development principles into procurement and investment processes.   ●Ensure the procurement of environmentally friendly products and services that promote                         efficient resource utilization. 

●Support local suppliers and contribute to regional economic development. 

●Ensure social justice and labor rights in accordance with international standards. 

Key PrinciplesCompliance with the Legislation of the Republic of Kazakhstan:              ●"Environmental Code of the Republic of Kazakhstan" 
Consideration of requirements to minimize environmental harm and waste reduction in procurement. 

        ●"Labor Code of the Republic of Kazakhstan" 
Collaboration with suppliers that respect labor rights and offer fair working conditions. 

        ●"Public Procurement Law" 
Conducting tenders transparently and fairly. 

Compliance with International Regulations:
        ●UN Sustainable Development Goals (SDGs) 
The policy aligns with SDG Goal 12 (Responsible Consumption and Production). 

        ●UN Principles for Responsible Investment (PRI) 
Consideration of ESG (Environmental, Social, and Governance) factors in investment decisions. 

        ●OECD Recommendations 
Adherence to corporate social responsibility and ethical standards. 

Key Areas of the Policy 
Procurement 
        1.Preference for environmentally friendly products and services. 

2.Use of recycled materials to conserve resources and reduce waste. 

3.Support for local suppliers and encouragement of small and medium-sized enterprises         (SMEs). 

Investment 
1.Funding projects that enhance energy efficiency and reduce environmental impact. 2.Investing in the green economy and renewable energy sources. 

3.Supporting social projects, including education and inclusion programs. 

Scope of Application This policy applies to all structural units of the university, as well as to partners and suppliers involved in procurement and investment processes. 

Monitoring and Reporting
        ●Monitoring: All procurement and investment activities are monitored for compliance                              with sustainable development principles. 

●Reporting: The university publishes an annual report on sustainable procurement and            investment outcomes.