SGS SA

Research & Consulting Services

SGSN.SW

CHF 84 0

Share price

$ 18 bn

Market Cap

$ 21 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.17x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

SGS SA aims to reduce Scope 1 + 2 by 46.2% by 2030 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

SGS SA aims to reduce all Scopes by 90% by 2050 from a base year 2019

1.5°C

GHG emissions and Carbon intensity

SGS SA reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 117 Kt (+1.2/+1% y-o-y). At the sime time, carbon intensity declined to 16 t (-1.7 /-9.4% y-o-y).

SGS SA's Scope 3 emissions skyrocketed to 851 Kt (+834/+5138% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +305% since 4Q'20).

The company is committed to reducing Scope 1 + 2 by 46.2% by 2030 from a base year 2019, which translates into the estimated reduction of -5.8 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing all Scopes by 90% by 2050 from a base year 2019, which translates into the estimated reduction of -34 Kt per annum over the period of FY2023 - FY2050. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Carbon offsets	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	117	108	8.5	851	(117)
2021Q4	115	105	11	16	(132)	7,028	16
2020Q4	110	98	12	13	(123)	6,100	18
2019Q4	130	113	17	30		6,703	19
2018Q4	135	117	17	33		6,867	20
2017Q4	146	114	32	30		6,452	23
2016Q4	159	113	46	28		6,075	26
2015Q4	175	111	64	28		5,865	30
2014Q4	185	108	77	29