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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  SGS AG    SGSN   CH0002497458

SGS AG

(SGSN)
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Delayed Quote. Delayed Swiss Exchange - 03/30 11:30:28 am
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ISO 50001 Revision Update: Moving Forward with Committee Draft 3

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03/15/2017 | 02:05am EDT

In June 2016, the International Organization for Standardization (ISO) announced that ISO 50001 for Energy Management Systems (EnMS) would be the latest standard to enter the ISO revision process.

The latest draft of ISO 50001, Committee Draft 3 (CD3), was issued on February 3, 2017 and circulated by ISO Technical Committee ISO/TC 301. Comments must be compiled and returned to ISO within the eight week comment window.

ISO 50001 was established to help organizations improve energy performance and reduce energy costs. It offers a systematic approach to improving energy performance over time through the use of an energy management system (EnMS). Successful implementation of an EnMS requires a cultural change within an organization and commitment from all levels and functions of the organization, especially top management.

As two-thirds of the world's Greenhouse Gas (GHG) emissions are the result of energy production and energy use, an EnMS plays an important role in accelerating climate change actions in support of the international Paris Climate Agreement signed in April 2016.

Based on a discussion during the ISO/TC 301 meeting held from January 23 to 27, 2017 in Paris, the new version of ISO 50001 will likely be published in January 2019. It will incorporate the high level structure and common text from Annex SL, similar to that found in ISO 9001:2015 and ISO 14001:2015.

ISO 50001 has become increasingly important since its release six years ago. A total of 11,985 certificates for ISO 50001 were issued by the end of 2015, according to ISO. Its global survey shows that ISO 50001 certifications increased by 77% during 2015.

Important Dates

  • May/June 2017: Working Group 1 (WG1) meeting in Beijing, China to generate draft international standard (DIS), taking into account comments from CD3
  • July 2017: DIS submitted to ISO for launch of enquiry
  • Feb 2018: TC 301 secretary issues DIS ballot result and associated public comments
  • June 2018: TC 301 WG1 meeting in Mexico to consider comments on DIS
  • July 18, 2018: final draft international standard (FDIS) submitted to ISO for launch of 8 week FDIS ballot
  • January 19, 2019: ISO publishes ISO 50001:2019

Further information and updates on the development of ISO 50001 and its publication schedule will be issued by SGS as they become available.

For more information, please contact:

Vivien Chan
International Marketing Manager
SGS S.A.
t: +603 2095 9200

About SGS

SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.

SGS SA published this content on 15 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 March 2017 07:04:32 UTC.

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Financials (CHF)
Sales 2020 6 411 M
EBIT 2020 1 072 M
Net income 2020 625 M
Debt 2020 1 389 M
Yield 2020 3,63%
P/E ratio 2020 26,0x
P/E ratio 2021 24,0x
EV / Sales2020 2,87x
EV / Sales2021 2,73x
Capitalization 16 993 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 2 453,86  CHF
Last Close Price 2 250,00  CHF
Spread / Highest target 45,9%
Spread / Average Target 9,06%
Spread / Lowest Target -24,4%
EPS Revisions
Managers
NameTitle
Frankie Ng Chief Executive Officer
Petros P. Kalantzis Chairman
Dominik de Daniel Chief Financial Officer
Christoph Heidler Chief Information Officer
August François von Finck Director
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