Tuesday, December 22, 2020

APSEZ receives Management band in CDP scores2020 CDP score of B- in Climate Change puts APSEZ above global average of C & regional average of D

 Ahmedabad, December21st, 2020: TheAdani Ports & Special Economic Zone (APSEZ) Ltdreceived B- score which is in the Management band as per the CDP score framework on climate change. This is higher than the Intermodal transport & logistics sector average of D, Asia regional average of D and global average of C.These scores highlight APSEZ’s stewardship in setting competitive benchmarks in fulfilling commitment towards reducing impact on climate change. In in the ports and logistics sector, 22% companies fall in disclosure band, 17% in awareness band, 41 % in management band and 20% in leadership band.APSEZ’s performance was good in the areas of value chain engagement, targets, scope 1 & 2 emissions, risk management processes, opportunity disclosure, governance & energy as compared to the global average.

It is also noteworthy that APSEZ received B score in CDP - Water Security. This is same as Intermodal transport & logistics sector average of B,Asia regional average of B and global average of ‘B’. APSEZ performed well in the areas of water risk assessment, water policies, targets and goals, integrated approaches to environmental challenges, business strategy and business impacts.

It signifies that APSEZ is equipped to make efforts to mitigate risk, advance environmental accounting in at-risk sites, make risk assessments more robust and comprehensive, implement an environmental policy and integrate environmental issues into business strategy. Management scoring for climate change thus incentivizes this as a management action.

CDP runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The CDP scores capture the ESG credentials of organisations on the criteria of Climate Change, Forests and Water Security.In 2020, 9,600+ companies disclosed through CDP, a 70% increase since the Paris Agreement was signed in 2015 and 14% up on last year.

APSEZ is harnessing renewable energy and it is positioned to have 100% of all port cargo handling to be renewable powered by FY25. Additionally, APSEZ has already carried out mangrove afforestation over an area of 2,889 hectares, and taken target to add another 1,000 hectares till FY25.

AboutAdani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group has evolved from a port company to Ports and Logistics Platform for India. It is the largest port developer and operator in India with 12 strategically located ports and terminals — Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai and Krishnapatnam in Andhra Pradesh — represent 24% of the country's total port capacity, handling vast amounts of cargo from both coastal areas and the vast hinterland. The company is also developing a transhipment port at Vizhinjam, Kerala and a container Terminal at Myanmar. Our “Ports to Logistics Platform” comprising our port facilities, integrated logistics capabilities, and industrial economic zones, puts us in a unique position to benefit as India stands to benefit from an impending overhaul in global supply chains. Our vision is to be the largest ports and logistics platform in the world in the next decade. With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for Science Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels.

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