Ahmedabad, June 27 (SocialNews.XYZ) Reaffirming Adani Ports’ position as a leading Environmental, Social, and Governance (ESG) performer in the ports and logistics sector, CareEdge ESG Ratings has assigned Adani Ports and Special Economic Zone Limited (APSEZ) an ESG score of 84.3.
This score represents “Leadership” position for Adani Ports in managing ESG risks through best-in-class disclosures, policies and performances — which is an improvement of 3.3 points over its previous score of 81.
This rating action follows CARE ESG Ratings' annual surveillance review and incorporates the latest disclosures made in APSEZ's FY26 Integrated Annual Report, according to a company’s exchange filing.
The rating upgrade also reflects APSEZ's continued progress in strengthening its ESG performance and disclosures.
The upgrade is supported by enhanced environmental performance driven by reductions in emissions, energy, water and waste intensities, increased adoption of renewable energy, and deeper integration of environmental considerations across the value chain.
The rating upgrade is also supported by improved social outcomes underpinned by expanded safety training coverage, stronger grievance redressal mechanisms, and continued progress in diversity, pay equity and employee engagement and a robust governance framework supported by continued Board-level ESG oversight, comprehensive governance training programs, and enhanced value chain engagement, the filing said.
“This rating reaffirms APSEZ's position as a leading ESG performer in the ports and logistics sector, reflecting sustained commitment to best-in-class practices, transparent disclosures, and continuous improvement across environmental, social and governance dimensions,” the company noted.
Earlier this week, S&P Global Ratings upgraded Adani Ports’ long-term issuer credit rating and the issue rating on its senior unsecured notes to “BBB” from “BBB-“ with a “Stable” outlook, citing its robust cash generation and ability to fund an ambitious expansion plan while maintaining healthy leverage.
The S&P upgrade elevates Adani Ports to a rating level at par with India's sovereign rating assigned by S&P.
Source: IANS
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