MUMBAI: Adani Ports and Special Economic Zone (APSEZ) has secured top ranking globally across emerging markets in the Transport and Logistics sector from Moody’s ESG Solutions, giving a big boost to the company’s environmental, social, and governance (ESG) credentials.
The global rating agency, in its 2022 assessment, evaluated India’s biggest private port operator, on a range of indicators, policies, processes, and systems covering environment, human rights, corporate governance, human resources and community involvement, APSEZ said in a statement.
APSEZ has been ranked first among 59 Indian companies and 9th among 844 companies in the emerging markets globally across all sectors/ industries which reflects its standing among all the other global ESG leaders, it said. Overall, the company scored in the 97th percentile among 4,885 companies assessed by Moody’s, across all industries and sectors worldwide.
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.
Moody’s ESG Solutions is a unit of Moody’s Corporation that serves the growing global demand for ESG and climate insights.