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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">ejebs</journal-id><journal-title-group><journal-title xml:lang="en">Eurasian Journal of Economic and Business Studies</journal-title><trans-title-group xml:lang="ru"><trans-title>Название журнала на русском</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2789-8253</issn><issn pub-type="epub">2789-8261</issn><publisher><publisher-name>University of International Business named after K. Sagadiyev LLP</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.47703/ejebs.v69i1.459</article-id><article-id custom-type="elpub" pub-id-type="custom">ejebs-24</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>Статьи</subject></subj-group></article-categories><title-group><article-title>Evaluating the Impact of ESG on Regional Development in Kazakhstan: Empirical Analysis</article-title><trans-title-group xml:lang="ru"><trans-title></trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8735-667X</contrib-id><name-alternatives><name name-style="western" xml:lang="en"><surname>Nurgaliyeva</surname><given-names>Kuralay</given-names></name></name-alternatives><bio xml:lang="en"><p>Cand. Sc. (Econ.), Associate Professor, Email: nurgalieva.k@uib.kz</p></bio><email xlink:type="simple">nurgalieva.k@uib.kz</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="en">University of International Business named after K. Sagadiyev, Almaty, Kazakhstan<country>Kazakhstan</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>30</day><month>03</month><year>2025</year></pub-date><volume>69</volume><issue>1</issue><elocation-id>5–17</elocation-id><permissions><copyright-statement>Copyright &amp;#x00A9; Nurgaliyeva K., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Nurgaliyeva K.</copyright-holder><copyright-holder xml:lang="en">Nurgaliyeva K.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ejebs.uib.kz/jour/article/view/24">https://ejebs.uib.kz/jour/article/view/24</self-uri><abstract><p> </p></abstract><kwd-group xml:lang="en"><kwd>Economy</kwd><kwd>Economic Development</kwd><kwd>Economic Stability</kwd><kwd>Environmental Sustainability</kwd><kwd>Social Equity</kwd><kwd>Governance</kwd><kwd>Sustainable Growth</kwd><kwd>Kazakhstan</kwd></kwd-group><funding-group xml:lang="en"><funding-statement>This research has been funded by the Science Committee    MSHE RK (grant “Strategy of structural and technological modernization of the basic sectors of the economy of the Republic of Kazakhstan based on ESG:  criteria, mechanisms and forecast scenarios” BR24993089).</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Acemoglu, D., &amp; Robinson, J. 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