19 January 2022 Back in December, Market Forces drew attention to the fact that Adani Ports and Special Economic Zone’s (Adani Ports) removal from the Business Ambition for 1.5C campaign run by the Science Based Targets Initiative (SBTi) should also see it removed from the UN’s Race to Zero campaign. … Read More
Adani Ports removed from corporate climate campaign due to fossil fuel links
21 December 2021 Adani Ports and Special Economic Zone (Adani Ports) has once again had its greenwashing attempts thwarted due to its links to the Carmichael thermal coal mine and other fossil fuel projects, this time by being removed from the Business Ambition for 1.5C campaign run by the Science … Read More
Adani Ports kicked off MSCI indices due to Carmichael coal link
26 November 2021 Finance research and ratings company MSCI wrote to its clients on Tuesday informing them that Adani Ports and Special Economic Zone (Adani Ports, also referred to as APSEZ) is about to be kicked off four MSCI climate indices, after its links to the Carmichael thermal coal project … Read More
Adani Ports attempts to save brand by dumping Bowen Rail Company
2 July 2021 Adani Ports and Special Economic Zone (Adani Ports) has announced in its latest Annual Report (page 129) that after setting up the haulage operation for the controversial Carmichael coal project under the Bowen Rail Company (BRC), it is transferring the ownership of BRC to another Adani subsidiary, … Read More
Sustainalytics rates Adani Ports, a company mired in controversies, as “low risk”
1 July 2021 Global investors rely on their ability to manage and avoid risk, and increasingly that risk is being framed in terms of investment exposure to environment, social and governance (ESG) issues. Alongside an increasing appetite to invest in companies, projects and indices with high ESG values, is the … Read More
Adani gets a lump of coal, loses three investors
25 June 2021 Adani Group celebrates its undermining of the Paris Agreement on climate change, while three more investors reject its destructive activities. The hypocrisy of the Adani Group was on full display this week, and nowhere was it more stark than big boss Gautam Adani’s Twitter feed. Directly above … Read More
Adani’s coal port failing to refinance debt, again
7th May 2021 Ratings agency reporting has revealed that Adani’s Abbot Point coal port (recently rebranded to North Queensland Export Terminal – NQXT) has so far failed to secure external financing to repay a US$140 million debt due in September this year. Instead, the debt-ridden port, located in the Great … Read More
Major banks and pension funds dump Adani Ports amid rising controversy
20 April 2021 Adani Ports and Special Economic Zone (Adani Ports) was dealt a major blow last week when it was removed from S&P’s Dow Jones Sustainability Index after a case was presented to S&P showing Adani Ports’ links to the Myanmar military, thermal coal mining expansion and ecological destruction. … Read More
Adani Ports removed from Dow Jones Sustainability Index
13 April 2021 S&P Dow Jones has announced that it will remove Adani Ports and Special Economic Zone (Adani Ports) from its Sustainability Index in response to evidence presented to it by human rights and environmental groups in March. Market Forces, Australian Centre for International Justice and Justice for Myanmar … Read More
PIMCO bans Adani Ports investment, spreading Carmichael coal pain to key Adani company
23 March 2021 PIMCO, US-based investment giant which in 2020 was the biggest known boldholder in Adani Ports, has prohibited any future investment in the company and has confirmed that it did not invest in Adani Ports’ most recent bond issue in January. This is due to Adani Ports’ involvement … Read More
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