In a world where sustainability is essential for business survival and meeting the expectations of increasingly discerning consumers, the measurement and disclosure of a company's impact on society and the environment have taken center stage.
SGS has boldly embraced this challenge by introducing our "Value to Society" (V2S) methodology.
Guided by our Impact Valuation Framework, this methodology goes beyond traditional financial reporting. It focus on quantifying and valuing, expressed in Swiss francs (CHF), both the positive and negative impacts we have on society. This approach enables us to accurately measure our impact on society.
CHF
2022
6 638
billion
CHF
2021
6 396
billion
CHF
2024
6 879
billion
Value to society = Value to our stakeholders
Report
Methodology
Direct operations& supply chain
What is V2S?
Services
How do we apply this methodology?
We analyze how the different capitals have evolved using our Impact Valuation Framework, to better understand our performance.
Recognized by the International Integrated Reporting Framework as essential to business success, these capitals represent the key resources and assets that a company needs to operate and generate value.
Social and relationship capital
Human capital
Natural capital
Impact Valuation Framework
Total direct operations CHF 4 818 billion
Value to society CHF 6 879 billion
Total supply chain CHF 2 061 billion
Report
Methodology
Direct operations& supply chain
What is V2S?
Services
V2S for Sustainability Services
Within the impacts of our sustainability services, we have summarized the main indicators. Their positive impacts highlight how we at SGS have a broad capacity to contribute to value creation in society:
CO2 emissions We avoided more than14 million metric tons.
Injuries We prevented more than
15 million injuries.
Labor We have safeguarded 60 000 workers from the risk of forced labor.
Energy consumption We saved
more than 29 billion kWh.
Water consumption We avoided
the use of 71 billion liters.
Cases of illness We prevented
more than 8 million cases.
Environmental incidents We avoided 15 thousand environmental incidents.
Do you want to know more about the value to society generated by our services?
Manufactured capital
Supply Chain
Relates to the inventory of property, plant, equipment and other manufactured products that enable SGS's business activities. It refers to the investments we make in these resources, the effective management of which is essential to ensure the continuity of SGS's operations and our ability to meet changing market demands.
493
billion CHF
Direct Operations
142
billion CHF
Main impact indicators
Asset development and maintenance
Market movements
Total V2S
635
billion CHF
Human capital
Refers to all aspects of how we manage our employees and the measures we implement to improve their working conditions. Our focus includes promoting equal opportunities, fostering integrity and occupational safety, supporting health and psychological well-being and upholding human rights, among other priorities.
Supply Chain
117
billion CHF
Direct Operations
Main impact indicators
Health and wellbeing management
Diversity and equal opportunity
Salary and benefits schemes
Employee volunteer programs
Employee engagement
Overtime
Sickness absence
Occupational safety
Human right compliance
73
billion CHF
Total V2S
189
billion CHF
Natural capital
This capital encompasses the natural resources and processes—both renewable and non-renewable—that we at SGS rely on to operate. It includes our progress toward decarbonization through our climate change strategy, which outlines a clear path to reduce energy consumption at the source and use renewable energy wherever possible. It also reflects the value we bring to society through the services we provide to our clients, supporting them on their transition to a low-carbon economy while minimizing their environmental impact.
Supply Chain
349
billion CHF
Direct Operations
billion CHF
Main impact indicators
Greenhouse gas emissions (GHG)
Air pollution
Water management
Waste management
Environmental incidents
Resource depletion
Total V2S
357
billion CHF
Social capital and relationships
Supply Chain
Refers to the relationships and interactions we maintain at SGS with communities, stakeholders, organizations and networks. Effectively managing it is fundamental to building trust, loyalty and other key values in stakeholder relationships, factors that are critical to the long-term success of SGS.
billion CHF
Direct Operations
89
Main impact indicators
Investment in local communities
Customer relationship management (CRM)
Data security
Supplier relationship management (SRM)
Supplier stress
Substandard services
billion CHF
Total V2S
89
billion CHF
Intellectual capital
Supply Chain
Consists of intangible knowledge-based assets, ranging from SGS staff knowledge of protocols, procedures, our divisions and clients, to the innovations we develop to meet customer needs and improve our processes and services to add value to society.
billion CHF
Direct Operations
392
billion CHF
Main impact indicators
Training
Knowledge development
Employee turnover
Research and development
Total V2S
392
billion CHF
Financial capital
Supply Chain
Includes the value we contribute to society through the payment of taxes to governments, dividends to investors, and salaries to employees. In addition, the profits we generate enable us to reinvest in growth, innovation and improved services for our clients.
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Report
Methodology
Direct operations& supply chain
What is V2S?
Services
What is V2S?
In a world where sustainability is essential for business survival and meeting the expectations of increasingly discerning consumers, the measurement and disclosure of a company's impact on society and the environment have taken center stage. SGS has boldly embraced this challenge by introducing our "Value to Society" (V2S) methodology. Guided by our Impact Valuation Framework, this methodology goes beyond traditional financial reporting. It focus on quantifying and valuing, expressed in Swiss francs (CHF), both the positive and negative impacts we have on society. This approach enables us to accurately measure our impact on society.
CHF
2022
6 638
billion
CHF
2021
6 396
billion
CHF
2024
6 879
billion
Value to society = Value to our stakeholders
Report
Methodology
Direct operations& supply chain
What is V2S?
Services
How do we apply this methodology?
We analyze how the different capitals have evolved using our Impact Valuation Framework, to better understand our performance.
CHF calculation
Value2Society calculation
Impact indicators
Conventional indicators
Traditional economic contribution + Positive impacts - Negative impacts = Value2Society
Report
Methodology
Direct operations& supply chain
What is V2S?
Services
V2S for direct operations & supply chain
“What we measure affects what we do”
Intellectual capital
Manufactured capital
Financial capital
Recognized by the International Integrated Reporting Framework as essential to business success, these capitals represent the key resources and assets that a company needs to operate and generate value.
Social and relationship capital
Human capital
Natural capital
Impact Valuation Framework
Total direct operations CHF 4 818 billion
Value to society CHF 6 879 billion
Total supply chain CHF 2 061 billion
Report
Methodology
Direct operations& supply chain
What is V2S?
Services
V2S for Sustainability Services
Within the impacts of our sustainability services, we have summarized the main indicators. Their positive impacts highlight how we at SGS have a broad capacity to contribute to value creation in society:
CO2 emissions We avoided more than14 million metric tons.
Injuries We prevented more than 15 million injuries.
Labor We have safeguarded 60 000 workers from the risk of forced labor.
Energy consumption We saved more than 29 billion kWh.
Water consumption We avoided the use of 71 billion liters.
Cases of illness We prevented more than 8 million cases.
Environmental incidents We avoided 15 thousand environmental incidents.
Do you want to know more about the value to society generated by our services?
Manufactured capital
Supply Chain
Relates to the inventory of property, plant, equipment and other manufactured products that enable SGS's business activities. It refers to the investments we make in these resources, the effective management of which is essential to ensure the continuity of SGS's operations and our ability to meet changing market demands.
493
billion CHF
Direct Operations
142
billion CHF
Main impact indicators- Asset development and maintenance
- Market movements
Total V2S
635
billion CHF
Human capital
Refers to all aspects of how we manage our employees and the measures we implement to improve their working conditions. Our focus includes promoting equal opportunities, fostering integrity and occupational safety, supporting health and psychological well-being and upholding human rights, among other priorities.
Supply Chain
117
billion CHF
Direct Operations
Main impact indicators- Health and wellbeing management
- Diversity and equal opportunity
- Salary and benefits schemes
- Employee volunteer programs
- Employee engagement
- Overtime
- Sickness absence
- Occupational safety
- Human right compliance
73
billion CHF
Total V2S
189
billion CHF
Natural capital
This capital encompasses the natural resources and processes—both renewable and non-renewable—that we at SGS rely on to operate. It includes our progress toward decarbonization through our climate change strategy, which outlines a clear path to reduce energy consumption at the source and use renewable energy wherever possible. It also reflects the value we bring to society through the services we provide to our clients, supporting them on their transition to a low-carbon economy while minimizing their environmental impact.
Supply Chain
349
billion CHF
Direct Operations
billion CHF
Main impact indicators- Greenhouse gas emissions (GHG)
- Air pollution
- Water management
- Waste management
- Environmental incidents
- Resource depletion
Total V2S
357
billion CHF
Social capital and relationships
Supply Chain
Refers to the relationships and interactions we maintain at SGS with communities, stakeholders, organizations and networks. Effectively managing it is fundamental to building trust, loyalty and other key values in stakeholder relationships, factors that are critical to the long-term success of SGS.
billion CHF
Direct Operations
89
Main impact indicators- Investment in local communities
- Customer relationship management (CRM)
- Data security
- Supplier relationship management (SRM)
- Supplier stress
- Substandard services
billion CHF
Total V2S
89
billion CHF
Intellectual capital
Supply Chain
Consists of intangible knowledge-based assets, ranging from SGS staff knowledge of protocols, procedures, our divisions and clients, to the innovations we develop to meet customer needs and improve our processes and services to add value to society.
billion CHF
Direct Operations
392
billion CHF
Main impact indicators- Training
- Knowledge development
- Employee turnover
- Research and development
Total V2S
392
billion CHF
Financial capital
Supply Chain
Includes the value we contribute to society through the payment of taxes to governments, dividends to investors, and salaries to employees. In addition, the profits we generate enable us to reinvest in growth, innovation and improved services for our clients.
2 033
billion CHF
Direct Operations
4 276
billion CHF
Main impact indicators- Employment cost
- Taxes
- Profit
Total V2S
6 309
billion CHF