Removal from MSCI climate change indices disappointing, says Adani Group

Adani Group on Sunday said the group is 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 the SBTi (Science Based Targets Initiative).

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