Adani firms lose UN green endorsement

Three Adani group companies, including Adani Green Energy Ltd, have lost their endorsement from the world’s leading arbiter of corporate green goals, a blow to the industrial conglomerate’s attempt to reposition itself as a leader of India’s energy transition.

Adani Green, Adani Transmission Ltd and Adani Ports & Special Economic Zone Ltd were removed in late April from the list of “companies taking action” published by the Science Based Targets initiative. The UN-backed group helps companies establish concrete plans to reduce emissions consistent with the Paris Agreement’s target on limiting global warming.