APSEZ Earns Top Ranks for Sustainability Efforts

Adani Ports & SEZ (APSEZ) in India has been lauded for its exceptional efforts in tackling climate change and building a sustainable supply chain.

The recognition came at a ceremony in New Delhi co-hosted by FICCI, where CDP awarded APSEZ a leadership band "A-". This achievement highlights APSEZ's top-tier performance in emission reduction, climate governance, supplier engagement, and risk management. Only a select few companies achieve leadership status in both climate change and supply chain engagement.

Strong ESG Performance and Industry-Leading Position

Sustainalytics, another leading ESG rating agency, also upgraded APSEZ's score, placing them just a whisker away from the top category for negligible ESG risks. This impressive score positions APSEZ in the 95th percentile globally. Importantly, APSEZ maintains its top ranking in the low carbon transition rating within the port sector, showcasing consistent improvement.

Commitment to Sustainability and Ambitious Goals

"At APSEZ, we remain resolute in our commitment to sustainability, with concerted efforts to reduce carbon emissions," said Ashwini Gupta, CEO. "We are pleased with the continuous improvement in our ESG performance and the ‘climate leadership position’ assigned by multiple ESG rating agencies. We are now working on net zero commitment by 2040 through renewable capacity deployment and greening the transportation."

Global Recognition and Top Rankings

APSEZ's commitment extends beyond India. They rank in the 96th percentile globally in the S&P Global Corporate Sustainability Assessment (CSA) 2023, placing them among the top 15 companies and potentially the only port operator in the entire Global Transportation Infrastructure sector (334 players). APSEZ secured the highest score in the environmental dimension, which heavily weights climate strategy and indicators.

Moody's awarded APSEZ an "Advanced" rating in their Energy Transition Rating, solidifying their leadership position. Moody's also evaluated APSEZ across environmental, social, and governance factors in 2022, where they secured the top spot in the Transport & Logistics sector and ninth overall across all sectors in emerging markets. Within India, APSEZ emerged as the leader in ESG performance across all industries.

Overall, APSEZ is demonstrating exceptional commitment to sustainability, earning well-deserved recognition from leading ESG rating agencies.

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Source: APSEZ