Adani Ports Achieves Global Recognition: Ranks Among Top 10 in S&P Global Sustainability Rankings
In a significant achievement for India’s infrastructure sector, Adani Ports and Special Economic Zone (APSEZ) has secured a prestigious spot among the world’s top 10 transportation and infrastructure companies in the S&P Global Corporate Sustainability Assessment (CSA) rankings for 2024. This recognition highlights APSEZ’s growing influence on the global stage and its commitment to sustainable business practices.
Key Highlights of APSEZ’s Achievement
- Top 10 Ranking: APSEZ is now recognized as one of the top 10 companies globally within the transportation and infrastructure sector in terms of sustainability. It is the only Indian company featured in this elite group.
- Improvement in Score: The company earned a score of 68 out of 100, a three-point improvement from the previous year. This improvement places APSEZ in the 97th percentile within its sector, demonstrating its continued progress in corporate sustainability.
- Focus on Key Areas: APSEZ performed exceptionally well in critical areas such as:
- Transparency
- Supply chain management
- Cybersecurity
- Environmental practices
- Top Position in Environmental Dimension: For the second consecutive year, APSEZ maintained its top position in the environmental dimension of the rankings, reinforcing its leadership in sustainable operations.
Commitment to Sustainability: APSEZ’s Vision for the Future
Ashwini Gupta, the CEO of APSEZ, expressed pride in the company’s remarkable achievement, noting that the recognition was a testament to their unwavering commitment to sustainability and responsible business practices. Gupta also reiterated the company’s goal of achieving Net Zero by 2040, underlining the importance of reducing its environmental footprint while expanding its operations.
APSEZ’s Global Footprint and Growth
- India’s Largest Private Port Operator: APSEZ is the largest private port operator in India, with an impressive cargo handling capacity of 633 million tonnes per annum (mtpa).
- Future Expansion Plans: By 2030, the company aims to expand its capacity to 1 billion mtpa, further solidifying its position as a key player in the global transportation and logistics industry.
- Global Projects: In addition to its strong presence in India, APSEZ is expanding internationally, with active projects in Sri Lanka, Israel, and Tanzania.
Impressive Growth in Cargo Handling
- December 2024 Performance: APSEZ handled 38.4 million metric tonnes (MMT) of cargo in December 2024, marking an 8% year-on-year growth. This demonstrates the company’s resilience and its ability to grow even in a competitive global market.
- Year-to-Date Performance: In total, the company managed 332.4 MMT of cargo for the year-to-date, driven by:
- A 19% rise in container volumes
- An 8% increase in liquids and gas handling
Important Takeaways from APSEZ’s Global Milestone
- Sustainability Leadership: APSEZ’s strong performance in sustainability metrics, particularly in environmental practices, positions it as a global leader in responsible port operations.
- Commitment to Expansion: With plans to increase cargo handling capacity to 1 billion mtpa by 2030, APSEZ is focused on long-term growth and infrastructure development.
- Global Expansion: The company’s international projects in Sri Lanka, Israel, and Tanzania indicate its strategic intent to expand its global footprint.
- Strong Financial Performance: The 8% year-on-year cargo growth in December 2024 underscores APSEZ’s robust operational performance and its ability to navigate market challenges.
Adani Ports’ inclusion in the top 10 global transportation and infrastructure companies in the S&P Global Corporate Sustainability Assessment is a proud moment for India and reinforces the company’s dedication to sustainable practices. With its ongoing commitment to Net Zero by 2040 and robust expansion plans, APSEZ is poised to continue its upward trajectory, contributing significantly to both India’s economy and the global logistics industry.