Key Quantitative Figures
- CareEdge ESG Ratings assigned APSEZ an ESG score of 84.3
- ESG rating: CareEdge-ESG 1+, representing "Leadership" position
- Improvement of 3.3 points over previous score of 81
Dates of Action
- Disclosure date: June 26, 2026
- Rating action follows annual surveillance review by CARE ESG Ratings
- Incorporates latest disclosures from APSEZ's FY26 Integrated Annual Report
Parties Involved
- Rated Entity: Adani Ports and Special Economic Zone Limited (APSEZ)
- Rating Agency: CareEdge ESG Ratings Limited
- Regulatory Reference: SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Rating Rationale
The rating upgrade reflects APSEZ's continued progress in strengthening its ESG performance and disclosures, supported by:
Environmental Performance
- Reductions in emissions, energy, water and waste intensities
- Increased adoption of renewable energy
- Deeper integration of environmental considerations across the value chain
Social Outcomes
- Expanded safety training coverage
- Stronger grievance redressal mechanisms
- Continued progress in diversity, pay equity and employee engagement
Governance Framework
- Continued Board-level ESG oversight
- Comprehensive governance training programs
- Enhanced value chain engagement
Sector Position
The rating reaffirms APSEZ's position as a leading ESG performer in the ports and logistics sector, reflecting sustained commitment to:
- Best-in-class practices
- Transparent disclosures
- Continuous improvement across environmental, social and governance dimensions