Business

Adani Ports Receives Accolades For Leading Climate Action & ESG Practices

Adani Ports and Special Economic Zone Ltd (APSEZ) has garnered global recognition from CDP (formerly the Carbon Disclosure Project) for its steadfast commitment to combating climate change and implementing exemplary Environmental, Social, and Governance (ESG) practices throughout its supply chain.

CDP, a renowned non-profit organization, has awarded APSEZ a prestigious “A-” rating in both climate change and supplier engagement categories, underscoring its leadership in sustainability initiatives.

The Adani Group company achieved the highest rating of “A” for its efforts in emission reduction, climate governance, supplier engagement, Scope 3 emissions management, and risk mitigation strategies.

APSEZ CEO Ashwini Gupta Champions Sustainability & Net Zero Emissions Goals

Ashwini Gupta, CEO of APSEZ, emphasized the company’s dedication to sustainability, highlighting their efforts in reducing carbon emissions.

He expressed satisfaction with APSEZ’s advancing ESG performance and the acknowledgment of their climate leadership by ESG rating agencies.

Gupta outlined APSEZ’s future objectives, emphasizing, “Our next aim is to achieve net zero emissions by 2040, leveraging expanded renewable energy capacity and sustainable transportation initiatives.”

FICCI jointly hosted the ‘Climate Action in India: Role of Businesses & Supply Chain’ event in New Delhi, where they presented the accolade.

In addition to the CDP recognition, APSEZ is nearing the status of negligible ESG risk, scoring 11.3 on Sustainalytics’ scale, just shy of the 0-10 band reserved for companies with minimal ESG risks.

Among the 16,215 companies evaluated globally by Sustainalytics, APSEZ stands in the 95th percentile.

APSEZ has also maintained its leadership position in the low-carbon transition within the port sector and secured a notable place in the S&P Global Corporate Sustainability Assessment (CSA) 2023, ranking in the top 15 globally.

Notably, APSEZ is recognized as the sole port operator among 334 entities in the Global Transportation Infrastructure sector to feature prominently in this prestigious list.

The recognition underscores APSEZ’s commitment to sustainable practices and its role as a leader in driving environmental stewardship and corporate responsibility within the global business landscape.

Also Read: Hyundai Motor India Plans $2.5-$3 Billion IPO Journey In Indian Market

Mankrit Kaur

Recent Posts

India Develops Indigenous 32-Bit Microprocessors for Space Missions

India has achieved a significant breakthrough in space technology with the development and deployment of…

1 hour ago

PLI Auto Scheme Boosts India’s Automotive Manufacturing And Global Integration

The Ministry of Heavy Industries has highlighted the Performance-Linked Incentive (PLI) Auto Scheme as a…

1 hour ago

India’s Food Processing Industry Sees Robust Growth Under Make in India Initiative

India’s food processing industry is witnessing impressive growth, largely driven by the government’s Make in…

2 hours ago

UAE Pardons 500 Indian Prisoners: A Milestone In Diplomatic Efforts

In a recent diplomatic achievement, the UAE pardoned 500 Indian prisoners, taking the total number…

2 hours ago

French Embassy Shares Ghibli-Style Image Of Macron & PM Modi; Celebrates Bilateral Ties

The French Embassy in India joined the latest trend by posting a Studio Ghibli-inspired illustration…

3 hours ago

India’s Ports Modernisation Efforts Accelerate Under Maritime India Vision 2030

Ports and Shipping Minister Sarbananda Sonowal informed the Lok Sabha today that the government has…

3 hours ago