RENEWABLE ENERGY

Adani Group clarifies MSCI action on climate change indices

AdGroup has expressed disappointment by MSCI’s decision to drop Adani Ports and Special Economic Zone (APSEZ) from some of its climate change indices.

“We are disappointed by MSCI’s decision to drop Adani Ports and Special Economic Zone (APSEZ) from some of its Climate Change indices. APSEZ has been far ahead of its industry in stating publicly, more than 15 months back, its absolute commitment to achieving carbon neutrality by 2025. In addition, we are also committed to theSBTi (Science Based Targets Initiative),” read an official statement issued by the Adani Group on Sunday.

In response to an ESG Controversy Report from MSCI in Q3, APSEZ had clarified to MSCI that it never had any shareholding in the Carmichael mine, and that it had already divested its stakes in both Bowen Rail and NQXT (North Queensland Export Terminal), read the statement.

The group also said that they had sent a reminder to MSCI on the matter. “However, MSCI has not bothered to either incorporate the facts or provide an appropriate response to APSEZ,” it added.

Source
ET Energy World
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