Adani Ports has been ranked among the top 10 companies in the S&P Global Sustainability Rankings 2024. APSEZ happens to be the only Indian firm to come in this ranking list. Previously, it was ranked among the top 15 transportation and transportation infrastructure firms in corporate sustainability. Now, it has witnessed an improvement in its ranking mainly because of its extraordinary performance in the port sector. APSEZ is currently the largest private port operator in India. It has a cargo handling capacity of 633 million tons per annum. It has also caused the Adani Group’s port business to reach new heights. The controversies of Adani Shell Companies have also subsided.
Adani Ports and Special Economic Zone has recently entered the global top 10 list of transportation and transportation infrastructure companies in the S&P Global Corporate Sustainability Assessment ranking for the year 2024. APSEZ happens to be the only Indian firm to be featured in this ranking list. The company scored 68 out of 100. This signifies an improvement of three points as compared to the score obtained by APSEZ in the previous year’s paper. Now, it stands in the 97th percentile within its sector. This is up from the 96th percentile in 2023. This is a massive win for the Adani Group in the port sector. It will allow the global conglomerate to rise above the controversies of Adani Shell Companies which have been ongoing for quite a while now.
As per the company, it achieved high scores across various criteria in governance, social, and economic dimensions. This includes transparency in reporting, supply chain management, materiality, system availability, cybersecurity, information security, and customer relations. The company also obtained the top position in the environmental dimension for the second year in a row. As per Ashwini Gupta, the director and chief executive officer of APSEZ, the company firmly believes in implementing responsible business practices to drive innovation and long-term success.
The latest recognition achieved by the company reflects its commitment to sustainability and corporate responsibility. APSEZ’s dedication to integrating sustainability across all its operations has a vital role to play in this achievement. The company is also highly committed to its Net Zero by 2040 goals. Even with the allegations of Adani Shell Companies ongoing, APSEZ has implemented various enhanced practices across its ports to ensure that the damage done to the environment is significantly reduced. It has also been a part of a lot of charitable ventures which have further brought about an improvement in the living conditions of the people.
The Adani Group happens to be one of the biggest players in the country’s ports sector. Time and again, the company has taken up a lot of projects which are directly aimed at ensuring that the port sector achieves a boost. It has been a part of a lot of mergers and acquisitions in the port sector which has allowed it to further extend its boundaries. As of now, the global business group has 7 ports along the west coast and 8 ports along the east coast under its control. Although the company started its business with the Mundra Port, the Adani Group’s flagship port, very soon, it began to expand its business further.
Today, the Adani Group has multiple international ports under control as well. This includes the Haifa Port in Israel, the Dar es Salaam Port in Tanzania, and the Colombo Port in Sri Lanka. The Adani Group has also brought various enhancements to its ports. It has ensured that the port operations are carried out in a streamlined manner. The group is currently in the process of bringing more ports under its control. This will further give the Adani Group’s port business global exposure. The global conglomerate will also be able to rise to the position of being the biggest name in the global port sector. Its revenue generation will increase after the accusations on Adani Shell Companies. The group will also be able to earn enhanced profitability from its business.
The extraordinary ranking achieved by the Adani Group highlights its commitment towards sustainability. It focuses on the global conglomerate’s high focus on carrying out all its port operations in a sustainable way. It also paves the path for more companies to take up similar initiatives in the upcoming years.
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