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    SGSN   CH0002497458

SGS AG

(SGSN)
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Delayed Swiss Exchange  -  11:30 2022-08-18 am EDT
2257.00 CHF   +0.80%
08/17SGS Issues $527 Million Straight Bonds
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08/17SGS : Issues CHF 150 Million and CHF 350 Million Bonds
PU
08/11SGS Joins Siemens To Provide Sustainability Consulting To Southeast Asian Businesses
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SGS : New Partnership with Diginex to Provide ESG Data Assurance Services

01/24/2022 | 03:54am EDT
SGS and impact technology company Diginex have launched a strategic alliance to provide Environmental, Social and Governance (ESG) data assurance services.

This partnership supports our strategy to become the most digital company in the TIC industry and to support our customers on their sustainability journeys.

The announcement comes as ESG regulation continues to tighten around the world, from the EU's Sustainable Finance Disclosure Regulation to the US looking to follow suit with the Securities and Exchange Commission confirming an increased focus on climate-related risks.

Now, sustainability reports created using the Diginex platform can be assured by our Sustainability Report Assurance (SRA) services. This external assurance helps customers to meet demands for transparency. This provision has a direct knock-on effect for clients as stakeholders, including banks and investors, will now have unprecedented insight into the quality of their portfolio's independently verified ESG data.

Recognizing that ESG impacts all stakeholders in the corporate and investment sectors, our ESG services aim to meet the needs of a variety of organizations, whatever their maturity level, industry focus or requirements. Our ESG Assurance Solutions provide a unique set of competencies that help clients achieve specific targets and goals.

Since 2017, Diginex has been on a mission to introduce products that enable companies of all sizes to collect, collate and share their sustainability credentials, both easily and transparently. The push for transparency has been on the rise across every industry - largely driven by widespread stakeholder pressure.

Jill Dumain, Global VP, Sustainability Solutions, SGS, said: "Data without verification is a slippery slope, particularly for small and medium-sized businesses that are striving to keep on top of the latest regulations.

"We are excited to partner with Diginex to provide our tried-and-tested, independent ESG data assurance services to their customers and help businesses of all sizes access simple technologies and tools to make their sustainability reporting process as efficient and rigorous as possible."

Mark Blick, CEO, Diginex, added: "We are delighted to announce this strategic partnership with one of the most trusted and renowned brands in this space. We look forward to working with SGS to enable businesses of all sizes to not just report on their ESG data, but to also have it independently verified, so they can maintain a competitive and lucrative edge."

For further information, please contact:

Simon Colton
Business Development Manager
ESG Sustainability Solutions
Knowledge
t: +31 653 359 560

About SGS

We are SGS - the world's leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.

Disclaimer

SGS SA published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 08:53:05 UTC.


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Sales 2022 6 741 M 7 074 M 7 074 M
Net income 2022 676 M 710 M 710 M
Net Debt 2022 2 034 M 2 134 M 2 134 M
P/E ratio 2022 24,8x
Yield 2022 3,68%
Capitalization 16 774 M 17 603 M 17 603 M
EV / Sales 2022 2,79x
EV / Sales 2023 2,65x
Nbr of Employees 96 372
Free-Float 80,6%
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 2 239,00 CHF
Average target price 2 469,26 CHF
Spread / Average Target 10,3%
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Managers and Directors
Frankie Ng Chief Executive Officer
Dominik de Daniel Chief Financial Officer
Calvin Grieder Chairman
Olivier Merkt Vice President-Corporate Development
Shelby R. du Pasquier Independent Non-Executive Director