AD Ports Group has published its Annual Report for the year of 2023, where their Environmental, Social, and Governance (ESG) strategy and progress are presented.
According to the report, in 2023, the Group made significant advancements in its ESG commitments, focusing on enhancing environmental stewardship, social responsibility, and governance structures. Key initiatives included the implementation of sustainable operational practices, efforts to reduce the carbon footprint, and investments in community and employee wellbeing.
ESG Scoring Methodology
The Group adopted a rigorous and transparent ESG Scoring Methodology to evaluate and enhance its ESG performance, designed to align with global standards. The methodology is structured around a comprehensive evaluation of 22 key parameters across environmental, social, and governance aspects.
These parameters cover critical areas such as environmental management, energy efficiency, social equity, employee wellbeing, data security, and ethical governance practices.
Scoring is assigned based on a three-tiered approach: Commitment (20%), Measures Deployed (40%), and Results (40%). This dynamic scoring system highlights the Group’s holistic approach to ESG and reflects its ongoing efforts to measure, improve, and communicate its sustainability journey.
ESG Score Journey
The “ESG Score Journey” in the 2023 Annual Integrated Report outlines the historical commitment of the Group to promoting excellence in ESG practices. Over the years, the Group has significantly improved its ESG scoring methodology and performance across all three ESG pillars, attributing the improvement to several key factors, including the adoption of global best practices, alignment with international standards, and proactive engagement with stakeholders.
ESG Strategy Overview
The Group’s ESG strategy demonstrates its commitment to sustainable development, responsible business practices, and transparent stakeholder engagement. It emphasizes the integration of ESG and GRC capabilities, highlighting the importance of aligning business operations with emerging global regulatory requirements and stakeholder expectations.
Key initiatives under the ESG strategy include the development of a Group-level ESG framework, gap assessments, materiality verification, and risk assessments.
