Adani Ports secures top position for its climate actions and environmental performance

Feb 11, 2024



Ahmedabad: Adani Ports And Special Economic Zone Limited (APSEZ) has secured the top position for climate actions And environmental performance In assessments conducted by four global rating agencies.
According to a press release from Adani, CDP In recognition of the company's efforts in implementing current best practices to address climate change risks and opportunities, APSEZ was assigned the leadership band “A-“. Nearly 23,000 companies worth more than half the global listed market capitalization participated in the assessment conducted by CDP. On behalf of investors representing over USD136 trillion of AUM.
APSEZ received the highest rating of “A” for its Emission Reduction Initiative, climate governance and risk management processes. Notably, a handful of companies make it into the leadership band each year.
APSEZ has also topped the environmental dimension of the S&P Global Corporate Sustainability Assessment (CSA) 2023 among 324 leading players in the global transportation and transportation infrastructure sector, which includes sea ports, shipping, air, road and rail transportation. Logistics, mass transit systems and other transportation businesses, the release said.
The environment pillar assigns 56 per cent weighting to climate indicators and strategy, with APSEZ improving its score for the third consecutive year to take the top spot. On the overall ESG assessment, APSEZ is among the top 15 leading companies in the sector globally with a score of 96 per cent and is apparently the only port operator to feature in the list.
The Sustainalytics Low Carbon Transition Rating has also ranked APSEZ as top in the port sector during its January 2024 update.
The indicator measures the alignment of a company's projected emissions with the global net zero target. While Sustainalytics found the company's current projected emissions to be consistent with a 1.7oC increase in global temperatures, APSEZ has announced its commitment to reduce global GHG emissions to net zero by 2040, a decade earlier than is required to reach net zero . 1.5oC.
On the overall environmental dimension covering biodiversity and land use, emissions and pollution controls and waste management, Sustainalytics has given APSEZ a low to negligible risk rating due to a strong risk management framework implemented by the company, it said. .
APSEZ has also received an 'Advanced' rating from Moody's in the last energy transition rating, reflecting its leadership position.
Additionally, Moody's rated APSEZ on environmental, social and governance basis in 2022, with the company ranked first in the transportation and logistics sector and ninth among all sectors/industries in global emerging markets.
In India, APSEZ was ranked first in ESG performance across sectors. Globally there were 4,885 companies that were assessed by the rating agencies on a range of ESG indicators, policies, processes and systems. Moody's next assessment is likely this year.
Adani Ports and Special Economic Zone Limited (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an integrated transport utility providing end-to-end solutions from its port gate to customer gate. Does.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *