APSEZ Sets Global Benchmark: Leading the Charge in Climate Action and Environmental Performance Across Diverse Rating Agencies

Adani Ports and Special Economic Zone Ltd (APSEZ) has achieved top honors for its proactive stance on climate change and exemplary environmental practices, as acknowledged by four prestigious global rating agencies.

The CDP, a prominent environmental assessment organization, bestowed an “A-” leadership band upon APSEZ, underscoring the company’s dedication to implementing cutting-edge strategies in addressing climate-related risks and opportunities. This recognition comes amidst the participation of over 23,000 companies, representing a substantial portion of the global listed market capitalization, in the assessment conducted by CDP on behalf of investors with assets under management (AUM) exceeding USD 136 trillion. APSEZ earned an “A” rating for its commendable emission reduction initiatives, robust climate governance, and effective risk management processes, a feat achieved by only a select few companies annually.

Additionally, APSEZ clinched the top spot in the environmental dimension of the S&P Global Corporate Sustainability Assessment (CSA) 2023 within the Global Transportation and Transportation Infrastructure sector. This sector encompasses various modes of transportation such as marine ports, shipping, air, road, and rail transport, logistics, and mass transit systems. APSEZ’s consistent improvement in its environmental score over three consecutive years led to its dominant position, with a remarkable 96th percentile score in the overall ESG assessment. Notably, APSEZ stands out as the sole port operator among the top 15 leading companies globally in this sector.

In the Sustainalytics Low Carbon Transition Rating update for January 2024, APSEZ secured the highest rank in the ports sector. This rating evaluates the alignment of a company’s projected emissions with the global net-zero target. Despite current emissions projected within a 1.7°C rise in global temperature, APSEZ has boldly committed to achieving net-zero emissions by 2040, a decade ahead of the timeline required to limit global warming to 1.5°C. Sustainalytics also awarded APSEZ a low to negligible risk rating for its comprehensive risk management framework across various environmental aspects, including biodiversity, emission control, and waste management.

Moreover, Moody’s, in its latest Energy Transition Rating, conferred an ‘Advanced’ rating to APSEZ, highlighting its leadership position in the industry. APSEZ’s environmental, social, and governance (ESG) performance was previously evaluated by Moody’s in 2022, where it secured the top rank in the Transport & Logistics sector globally and stood ninth across all sectors/industries in the Global Emerging Markets. Domestically, APSEZ was ranked first for ESG performance across all sectors in India, among 4,885 globally assessed companies. Another assessment by Moody’s is anticipated later this year, further cementing APSEZ’s commitment to sustainability and corporate responsibility.