23 December 2021 With Adani’s insurance options both inside and outside the Lloyd’s of London market rapidly shrinking, one of the laggards still open to insuring the Adani Carmichael project is UK and Bermuda-based Convex Insurance. Last week, Convex Insurance released its first ever “sustainability statement”. Unfortunately, what’s been released … 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
Adani Ports’ inclusion on Dow Jones Sustainability Index to be reviewed
19 March 2021 S&P Global has responded to a case put forward by 37 organisations by agreeing to undertake a review into the inclusion of Adani Ports and Special Economic Zone in the Dow Jones Sustainability Index (DJSI). After receiving the case on Wednesday 17 March (see coverage), S&P responded … Read More
S&P is reviewing Adani Ports’ inclusion on coveted Dow Jones Sustainability Index
19 March 2021 Within hours of receiving a letter from 37 groups calling on S&P Global to review Adani Ports’ inclusion on its Dow Jones Sustainability Index (DJSI), the ratings agency giant has confirmed it will conduct a formal review. S&P wrote to Market Forces on 18 March with the … Read More
Coal and coup; urgent review of Adani’s inclusion on Dow Jones Sustainability Index demanded
18 March 2021 UPDATE: (19/03/21) Market Forces has received confirmation that S&P Global will conduct a review into Adani Ports’ status in its Dow Jones Sustainability Index. We call on S&P to take the evidence we have presented seriously and to ensure that any company involved in a massive thermal … Read More
Coal and coup: Dow Jones Sustainability Index urged to urgently review Adani Ports status
17 March 2021 Just months after Adani Ports and Special Economic Zone (Adani Ports) debuted on the Dow Jones Sustainability Index (DJSI), environment and human rights groups representing millions of people from the USA, Europe, Myanmar and Australia, have formally made the case that the company should have its inclusion … Read More