ESG Principles Lie at the Heart of Our Business

As Georgia’s largest private-sector employer, we continue to advance our ESG operations, simultaneously delivering meaningful results. Looking ahead, we remain dedicated to further enhancing our ESG practices across the Group and our portfolio companies, driving positive change, and creating enduring value for our communities, investors, and all those we serve.

Irakli Gilauri, Chairman and CEO

The Group considers the interests of its main stakeholders, including local communities and the broader Georgian community, when developing strategies and processes to enhance its operations.

We adhere to our Environmental and Social Policy, striving to contribute to society through our business activities. This includes the development and investment in socially-oriented products and services, as well as the implementation of responsible approaches in our business operations, sponsorship and charitable activities.

In 2024, the Group and its portfolio companies spent a total of GEL 1.6 million in financing sponsorship and charitable activities.

Recruiting, developing and retaining talent are among our most important priorities.

We work towards that objective by communicating openly with our employees, providing training and opportunities for career advancement, rewarding our employees fairly and encouraging employees to give direct feedback to senior management.

Diversity

Georgia Capital remains fully committed to providing equal opportunities as an employer and to preventing any form of unlawful or unfair discrimination. We recognise the significant value that a diverse workforce brings to innovation, collaboration and long-term success.

Since February 2022, we have been a signatory of the UN Global Compact and have officially expressed our commitment to its ten Principles, which are then sub-divided into 17 SDGs. Georgia Capital introduced an initiative to align the portfolio companies’ performance with the UN SDGs, which required our portfolio companies to determine relevant SDGs and implement respective procedures to track their progress towards the identified goals.

Committing to the Net-Zero Initiative

Georgia Capital committed to the Net-Zero Initiative and expressed its willingness to reach Net-Zero across Scope 1 and 2 emissions at both GCAP HoldCo and portfolio company levels by 2050.

In 2023, JSC GCAP successfully issued a US$ 150 million SLB on the Georgian market. The issuance of the bond represents the largest-ever corporate bond offering in Georgia, and the first of its magnitude and kind in the region.

Georgia Capital has established a SLB Framework in partnership with an international sustainable finance advisor, HPL.LLC. Under the framework, GCAP intends to decrease its GHG emissions by 20% by 2027 compared to a 2022 baseline. The SLB target is in line with GCAP’s overarching commitment to reaching Net-Zero at Group level by 2050 and it contributes to the UN Global Compact’s SDGs 7 (Affordable and Clean Energy) and 9 (Industry, Innovation and Infrastructure).