November 28, 2022


Adani Group issued an announcement with respect to MSCI’s motion on local weather change indices because it dropped Adani Ports from a few of its local weather change indices. Adani Ports in an change submitting on Sunday stated that the MSCI’s determination on local weather indices is disappointing.

“We’re upset by MSCI’s determination to drop Adani Ports and Particular Financial Zone (APSEZ) from a few of its Local weather Change indices. APSEZ has been far forward of its business in stating publicly, greater than 15 months again, its absolute dedication to reaching carbon neutrality by 2025. As well as, we’re additionally dedicated to the SBTi (Science Primarily based Targets Initiative),” the Adani group firm stated.

In response to an ESG Controversy Report from MSCI in Q3, APSEZ had clarified to MSCI that it by no means had any shareholding within the Carmichael mine, and that it had already divested its stakes in each Bowen Rail and NQXT (North Queensland Export Terminal). We had additionally despatched a reminder to MSCI on the matter. Nonetheless, MSCI has not bothered to both incorporate the details or present an applicable response to APSEZ, the corporate added.

“MSCI’s determination seems to be enjoying proper into the fingers of forces that need to subvert the inexperienced initiatives to which the Adani Group has made huge public commitments and tarnish the repute of one of many main inexperienced port operators of the world,” Adani Ports stated.

The corporate additional highlighted that E-mail communication of 9 September accessed from the web site of Market Forces Australia, which has been stridently campaigning in opposition to Adani companies, displays that “MSCI has already knowledgeable them as to how APSEZ’s exclusion from the indices is being structured. Clearly, that is an try to undermine APSEZ’s legit enterprise pursuits.”

Whereas the corporate stated it’s upset with such an opaque course of, it stays fully open to partaking with our buyers and with MSCI to make sure full alignment on the sustainability agenda.

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