Adani Ports and SEZ Receives Top Ranking in Moody’s Global ESG Rating
23 November, 2022 | Pranay Lad
The Moody's ESG Solutions top ranking for developing markets in the transport and logistics sector went to APSEZ, providing the company's ESG credentials a major boost.
According to Moody’s ESG Solutions’ most recent evaluation for 2022, Adani Ports and Special Economic Zone (APSEZ) is ranked top globally among all Emerging Markets in the Transport & Logistics industry. A variety of indicators, rules, procedures, and systems related to the environment, human rights, corporate governance, human resources, and community involvement were used by the rating agency to assess the Company.
In terms of all sectors and industries, APSEZ was placed first among 59 Indian firms and ninth among 844 companies in the Emerging Markets, reflecting its position among all other international ESG leaders. Overall, the company placed in the 97th percentile out of 4,885 businesses evaluated by Moody’s globally, including all industries and sectors.
In terms of all sectors and industries, APSEZ was placed first among 59 Indian firms and ninth among 844 companies in developing markets internationally, reflecting its position among all other global ESG leaders. It read. Out of 4,885 firms evaluated by Moody’s globally across all industries and sectors, the company received an overall rating in the 97th percentile.
APSEZ was the first port in India and the third in the world to join the Science-Based Objectives Initiative (SBTi), agreeing to emission reduction targets to keep global warming to 1.5°C over pre-industrial levels. APSEZ has a goal of becoming carbon neutral by 2025.