Adani Ports Achieves Top 10 Global Ranking in Sustainability

  Published On: January 8, 2025 | Author: ExamGuruAdda Team

Adani Ports and Special Economic Zone Ltd. (APSEZ), India's largest private port operator, has achieved a remarkable milestone by securing a spot among the top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This recognition reflects the company’s commitment to sustainability and responsible business practices.

Key Highlights 

1. Top 10 Global Ranking:

   • APSEZ ranked among the top 10 in the global transportation and transportation infrastructure sector.
   • Achieved a score of 68 out of 100, a three-point improvement from 2023.

2. Sector Leadership:

   • Placed in the 97th percentile, improving from the 96th percentile in 2023.
   • Secured the top spot in the Environment dimension for the second consecutive year.

3. Sustainability Achievements:

   • Recognized for excellence in the Social, Governance, and Economic dimensions, with high scores in:
     • Transparency and Reporting
     • Supply Chain Management
     • Information Security/Cybersecurity and System Availability
     • Customer Relations

4. Commitment to Net Zero:

   • APSEZ aims to achieve Net Zero emissions by 2040, reflecting its focus on long-term sustainability.

5. Operational Growth:

   • December 2024 cargo volume grew by 8% year-on-year (YoY) to 38.4 million metric tonnes (MMT).
   • Container volume rose by 22% YoY, and liquids and gas volume increased by 7% YoY.
   • Month-on-month (MoM) growth in total cargo volume was 6.6%.

6. Integrated Transport Utility:

   • Evolved from a port operator to a fully integrated transport utility, offering end-to-end solutions from port gate to customer gate.

Why This is Important for Competitive Exams

1. Corporate Rankings: Questions on global rankings and sustainability assessments like the S&P Global CSA often appear in general awareness and current affairs sections.

2. India's Leadership: APSEZ's achievements highlight India's growing global presence in sustainable business practices and infrastructure.

3. Environmental Goals: The commitment to Net Zero by 2040 aligns with international climate action goals, a hot topic in competitive exams.

4. Economic Impact: Growth in cargo and container volumes showcases India’s economic progress and infrastructure development.

Quick Facts to Remember

• Company: Adani Ports and Special Economic Zone Ltd. (APSEZ)
• Global Ranking: Top 10 in transportation and infrastructure sector (2024 S&P Global CSA)
• Score: 68/100
• Percentile: 97th (2024), 96th (2023)
• Key Dimensions: Environment, Social, Governance, and Economic
• Cargo Volume (Dec 2024): 38.4 MMT (+8% YoY)
• Net Zero Target: 2040