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

Four global rating agencies – CDP, S&P, Sustainalytics, Moody’s – assign leadership status 

Editor’s Synopsis  

• Secures Leadership band in CDP Climate Assessment 2023
• Ranked 1^st on the environmental dimension among 324 companies in the transport and transport infrastructure sector by S&P Global CSA 2023 (DJSI)
• Secures the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics
• Receives the ‘Advanced’ rating in Moody’s Energy Transition Rating and 1^st ranking in the overall ESG Assessment and Strategy review in their last update

Ahmedabad, 11 February 2024: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The CDP  assigned leadership band “A-“ to APSEZ, recognising the company’s efforts in implementing the current best practices to tackle climate change risks and opportunities. Around 23,000 companies, worth over half of the global listed market cap, participated in the assessment performed by the CDP on behalf of the investors representing an AUM of over USD136 trillion. APSEZ received the highest rating of “A” for its emission reduction initiatives, climate governance and risk management processes. Notably, a handful of companies make it to the leadership band every year. 

APSEZ has also secured the top position in the environmental dimension of the S&P Global Corporate Sustainability Assessment (CSA) 2023 among the 324 leading players in the Global Transportation and Transportation Infrastructure sector, which includes marine ports, shipping, air, road and rail transport, logistics, mass transit system and other transportation businesses. The environmental pillar provides 56% weight for climate indicators and strategy, with APSEZ improving its score for the third consecutive year to achieve the top position. On the overall ESG assessment, APSEZ with 96 percentile score stands among the top 15 leading companies in the sector globally and is apparently the only port operator to feature on  the list.  

The Sustainalytics Low Carbon Transition Rating has also assigned APSEZ the top rank in the ports sector during their January 2024 update. The indicator measures the alignment of the projected emissions of the company with the global net zero target. While Sustainalytics found the company’s current projected emissions in line for a 1.7^oC rise in global temperature, APSEZ has already announced its commitment to reach net zero by 2040, a decade earlier than the requirement for the global GHG emissions to hit net zero to keep to 1.5^oC.  On the overall environmental dimension covering biodiversity & land use, emission and pollution control and waste management, Sustainalytics has assigned a low to negligible risk rating to APSEZ on account of a strong risk management framework that the company has implemented.

APSEZ has also received an ‘Advanced’ rating in the last Energy Transition Rating from Moody’s, reflecting its leadership position. Furthermore, Moody’s evaluated APSEZ on an environmental, social and governance  basis in 2022, wherein the Company secured first rank in the Transport & Logistics sector and ninth across all sectors/ industries in the Global Emerging Markets. In India, APSEZ was ranked 1^st on ESG performance across all the sectors. There were 4,885 companies globally that were evaluated by the rating agencies on a range of ESG indicators, policies, processes, and systems. The next assessment by Moody’s is likely this year.  

About Adani Ports & Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing an end-to-end solution from its port gate to customer gate. It is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast (Mundra, Tuna, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 7 ports and terminals on the East coast of India (Haldia in West Bengal, Dhamra in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry, representing 27% of the country's total port volumes, thus providing capabilities to handle vast amounts of cargo from both coastal areas and the hinterland. The company is also developing a transshipment port at Colombo, Sri Lanka and operates the Haifa Port in Israel. Our Ports to Logistics Platform comprising port facilities, integrated logistics capabilities including multimodal logistics parks, Grade A warehouses, and industrial economic zones, puts us in an advantageous position as India stands to benefit from an impending overhaul in global supply chains. Our vision is to be the largest ports and logistics platform in the world in the next decade. With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for the Science-Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels. For more information, please visit www.adaniports.com

For media queries, please contact: Roy Paul | roy.paul@adani.com

For Investor Relations, please contact: Charanjit Singh | charanjit.singh@adani.com