APSEZ Makes India Proud: Enters Global Top 10 in Sustainability Rankings
Newzdaddy Business Updates
Synopsis of the Article
- APSEZ Enters Global Top 10: Adani Ports and Special Economic Zone Ltd. (APSEZ) ranks among the Top 10 global transportation and infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA).
- Significant Sector Ranking: APSEZ is now in the 97th percentile of its sector, improving from the 96th percentile last year.
- Indian Pride: APSEZ is the only Indian company in the global Top 10 of its industry.
- Environmental Leadership: For the second consecutive year, APSEZ retained the #1 rank in the environmental dimension.
- High Scores Across Dimensions: APSEZ excelled in various criteria within the Social, Governance & Economic dimensions, including Transparency, Supply Chain Management, and Customer Relations.
- Commitment to Sustainability: The company remains dedicated to its Net Zero by 2040 goal, reflecting its commitment to sustainability and corporate responsibility.
Adani Ports and Special Economic Zone Ltd. (APSEZ) Shines Bright in Global Sustainability Rankings
Adani Ports and Special Economic Zone Ltd. (APSEZ) has made a remarkable leap in global sustainability rankings, entering the Top 10 list of transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This is a significant improvement from its position in the Top 15 last year.
APSEZ’s achievement is particularly noteworthy as it places the company in the 97th percentile within its sector, a step up from the 96th percentile in 2023. This high ranking demonstrates APSEZ’s dedication to sustainability and its effective implementation of responsible business practices.
One of the most impressive accomplishments for APSEZ is retaining the #1 spot in the Environment dimension for the second consecutive year. This dimension assesses a company’s impact on the environment and its efforts to minimize negative environmental effects. By leading in this area, APSEZ showcases its strong commitment to environmental stewardship.
Beyond environmental efforts, APSEZ has also scored high in several key areas within the Social, Governance, and Economic dimensions. These include Transparency & Reporting, Materiality, Supply Chain Management, Information Security/Cybersecurity & System Availability, and Customer Relations. These scores reflect the company’s comprehensive approach to integrating sustainability into all aspects of its operations.
Ashwini Gupta, full-time director & CEO of APSEZ, expressed pride in this achievement, stating, “We firmly believe responsible business practices drive innovation and long-term success. The latest recognition reflects our commitment to sustainability and corporate responsibility. Our team’s dedication to integrating sustainability across all our operations has been key to this achievement. We remain committed to our Net Zero by 2040 goal.”
This recognition is especially significant as APSEZ is the only Indian company to feature in the global Top 10 of its industry, highlighting its role as a leader not just in India but on the global stage.
The S&P Global Corporate Sustainability Assessment evaluates companies across various industries on their sustainability performance, focusing on environmental, social, and governance (ESG) criteria. As of December 31, 2024, 318 companies in the transport and transport infrastructure sector were assessed for CSA 2024, with APSEZ standing out for its exceptional performance.
APSEZ’s consistent improvements and achievements in sustainability are a testament to its vision of building a sustainable future, underlined by its ambitious Net Zero by 2040 target. This commitment to reducing carbon emissions and fostering sustainability has positioned APSEZ as a beacon of responsible business practices.
