Bloomberg, the three Adani Group companies were removed from the list last month after SBTi concluded that they were “not in conformity” with the group’s targets.
To appear on SBTi’s list, companies have to conform to the group’s “science-based targets”—based on the goals set by the Paris Agreement—for cutting back greenhouse gas emissions. Removal from the SBTi’s list is likely to make the three listed firms less attractive to ESG investors, worsening the situation for the conglomerate that has spent most of the yearAdani has reached out to SBTi and expects its removal to be reviewed and reversed, the company told Bloomberg.
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