APSEZ Distinguished for Climate Leadership and Supply Chain Excellence

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APSEZ Distinguished for Climate Leadership and Supply Chain Excellence

| Updated: June 14, 2024 17:47

Adani Ports and Special Economic Zone Limited (APSEZ) has been lauded by the Carbon Disclosure Project (CDP) for its outstanding contributions to climate action and the implementation of exemplary practices throughout its supply chain. The commendation was part of the ‘Climate Action in India: Role of Businesses & Supply Chain’ event, jointly hosted by the Federation of Indian Chambers of Commerce & Industry (FICCI) in New Delhi.

In a significant acknowledgment of its environmental initiatives, CDP has awarded APSEZ with an “A-” leadership band rating for both climate change and supplier engagement. This places APSEZ among an elite group of companies that consistently achieve leadership status in these critical areas annually.

Sustainalytics, in its recent evaluation, has also recognized the strides APSEZ has made in its Environmental, Social, and Governance (ESG) performance. With a score of 11.3, APSEZ is on the cusp of being classified within the coveted category of companies with negligible ESG risks, defined by a score band of 0-10. Among the 16,215 companies assessed globally by Sustainalytics, APSEZ boasts a 95th percentile ranking. Moreover, it has maintained its leading position in the low carbon transition rating within the port sector, showcasing marked improvement over recent years.

Ashwini Gupta, the Chief Executive Officer of APSEZ, expressed pride in the company’s unwavering dedication to sustainability and its ongoing efforts to minimize carbon emissions. “We are gratified by the continual enhancement of our ESG performance and the climate leadership position bestowed upon us by various ESG rating agencies,” Gupta stated. APSEZ is now focusing on achieving a net-zero commitment by 2040 through the deployment of renewable energy capacities and the adoption of greener transportation methods.

On a global scale, APSEZ has achieved a 96th percentile standing in the S&P Global Corporate Sustainability Assessment (CSA) 2023. It ranks among the top 15 companies and is notably the only port operator listed from among 334 entities in the Global Transportation Infrastructure sector. APSEZ has earned the highest score in the environmental dimension of the assessment, which allocates a 56% weightage to climate indicators and strategy.

Additionally, APSEZ has received an ‘Advanced’ rating in the latest Energy Transition Rating by Moody’s, reflecting its leadership position. In 2022, Moody’s also assessed APSEZ on an ESG basis, where the company achieved the first rank in the Transport & Logistics sector and ninth across all sectors/industries in the Global Emerging Markets. In India, APSEZ was ranked first for ESG performance across all sectors.

About Adani Ports and Special Economic Zone Limited

APSEZ, a key component of the globally diversified Adani Group, has transitioned from a mere port company to an Integrated Transport Utility, offering comprehensive solutions from port gate to customer gate. It is India’s largest port developer and operator, with 15 strategically situated ports and terminals that handle 27% of the nation’s total port volumes. APSEZ’s vision is to become the world’s largest ports and logistics platform within the next decade. As part of its commitment to sustainability, APSEZ aims to achieve carbon neutrality by 2025 and was the first Indian port to join the Science-Based Targets Initiative (SBTi), setting emission reduction targets to limit global warming to 1.5°C above pre-industrial levels.

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