Building a stronger future
Through resilience and growth, SGS continues to be the point of reference when you need to be sure.
This year has been marked by both challenges and opportunities, yet SGS has consistently demonstrated resilience, adaptability and integrity. Our ability to pivot in response to evolving market conditions and regulatory landscapes ensures that we remain at the forefront of the testing, inspection and certification (TIC) industry. By aligning Strategy 27 with key megatrends such as sustainability, digital transformation and supply chain evolution, we are uniquely positioned to support our clients and communities.
Harnessing megatrends to drive progress
The world is undergoing rapid changes, and SGS is embracing these transitions with confidence. To ensure that we remain a reference point as the world evolves, we are advancing the sustainability agenda through innovative services that help our clients navigate complex regulations, such as the EU Corporate Sustainability Reporting Directive (CSRD) and the management of persistent chemicals. In digital transformation, our pioneering industry firsts include AI-driven cybersecurity evaluations and the implementation of drone delivery services, exemplifying our commitment to innovation and efficiency. Furthermore, our robust global network and focus on nearshoring allows us to swiftly adapt to supply chain shifts, providing our clients with the agility they need.
Embracing innovation and operational excellence
The present business environment is ripe with opportunities, particularly in harnessing technological advancements. Our lab services lie at the heart of SGS, and we continue to invest in robotization and AI to boost productivity, efficiency and agility. These innovations not only enhance our operational capabilities but also empower us to meet the evolving needs of our clients quickly and effectively.
Commitment to ESG leadership
As a cornerstone of our strategy, we are committed to a strong focus on corporate sustainability.
This year, SGS was ranked as the sixth most sustainable company by TIME, included in the Dow Jones Sustainability Index World and Europe and ranked first in the TIC industry in the S&P Corporate Sustainability Assessment. We also released our Net-Zero Transition Plan, reinforcing our pledge to achieve net-zero emissions by 2050. These milestones reflect our dedication to leading by example and delivering value, both to our shareholders and society.
Shaping the future
The Board of Directors has been instrumental in driving our progress and ensuring alignment with Strategy 27. Key management changes have been implemented under the leadership of our new CEO Géraldine Picaud to spur further growth, contributing to an increase in the value of the company. Succession planning remains a priority, ensuring that we have the right leadership in place for future success. Additionally, our Audit and Sustainability Committees have been actively overseeing initiatives to reinforce our commitment to transparency, accountability and responsibility.
Recognizing our people
Our employees are the bedrock of SGS. Their dedication and expertise drive our success and enable us to deliver high-quality services. Amid ongoing changes, I want to acknowledge their hard work and resilience. As we stabilize and move forward, we remain committed to fostering a supportive and innovative work environment that empowers our teams to thrive.
Looking ahead
While there is still work to be done, we are on a solid path to growth. Our margins are improving, cash flow is strengthening, and we are well positioned to deliver a favorable dividend. I am confident that our continued focus on resilience, innovation and ESG leadership will ensure sustained success. Finally, I would like to express my sincere gratitude to our employees, the Board of Directors, shareholders and all stakeholders for their unwavering support. Together, guided by our promise, ‘when you need to be sure,’ we will continue to accelerate growth and build trust.
Calvin Grieder
Chairman of the Board