Four global rating agencies – CDP, S&P, Sustainalytics, Moody’s – assign leadership status
PROVIDES The leadership band in the CDP 2023 Climate Assessment
Ranked 1str on the environmental dimension among 324 companies in the transportation and transport infrastructure sector from S&P Global CSA 2023 (DJSI)
PROVIDES high rank in the seaport sector with a low carbon transition rating from Sustainalytics
GET ‘advanced’ Rated in Moody’s Energy Transition Rating and ranked first in the overall ESG rating and strategy review in their latest update
Ahmedabad, 11 February 2024: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured the top position for its climate actions and environmental performance in assessments made by four global rating agencies. CDP assigned the “A-” leadership group to APSEZ, recognizing the company’s efforts in implementing current best practices to address the risks and opportunities of climate change. Some 23,000 companies, worth over half of the global listed market capitalization, participated in the assessment conducted by CDP on behalf of investors representing an AUM of over $136 trillion. APSEZ received the highest “A” rating for its emissions reduction initiatives, climate governance and risk management processes. Notably, a small number of companies make it to the leadership group each year.
APSEZ has also secured the top position in the environmental dimension of the S&P Global Corporate Sustainability Assessment (CSA) 2023 among 324 key players in the Global Transport and Transport Infrastructure sector, which includes seaports, sea, air, road and rail transport . logistics, mass transit system and other transportation businesses. The environmental pillar provides 56% weighting for climate indicators and strategy, with APSEZ improving its score for the third year in a row to reach the top position. In the overall ESG rating, APSEZ with 96 percentile points is among the top 15 leading companies in the sector globally and is apparently the only port operator to appear on the list.
Sustainalytics’ Low Carbon Transition Assessment also assigned APSEZ the highest ranking in the ports sector during their January 2024 update. The indicator measures the alignment of the company’s projected emissions with the global net zero target. While Sustainalytics found the company’s current projected emissions consistent with a 1.7oC rise in global temperature, APSEZ has already announced its commitment to reach net zero by 2040, a decade ahead of the requirement that global GHG emissions reach net zero to maintain 1.5oC. In terms of the overall environmental dimension covering biodiversity and land use, emissions and pollution control and waste management, Sustainlytics has assigned APSEZ a low to negligible risk rating due to a strong environmental management framework. the risk that the company has implemented.
APSEZ has also received an ‘Advanced’ rating in the latest Energy Transition Assessment from Moody’s, reflecting its leadership position. Additionally, Moody’s rated APSEZ on an environmental, social and governance basis in 2022, where the Company secured first place in the Transport and Logistics sector and ninth in all sectors/industries in Global Emerging Markets. In India, APSEZ was ranked first for ESG performance across sectors. Worldwide there were 4,885 companies that were assessed by rating agencies on a range of ESG indicators, policies, processes and systems. The next rating from Moody’s is likely this year.