SGS S.A.
 | |
| (corporation) | |
| Traded as | SIX: SGSN |
| Industry | Quality |
| Founded | 1878 |
| Headquarters | Geneva, Switzerland |
Key people |
Sergio Marchionne (Chairman) Frankie Ng (CEO) Carla De Geyseleer (CFO) |
| Services | Testing, inspection, certification |
| Revenue | CHF 5.712 billion (2015)[1] |
| CHF 822 million (2015)[1] | |
| Profit | CHF 584 million (2015)[1] |
| Total assets | CHF 5.894 billion (end 2015)[1] |
| Total equity | CHF 1.981 billion (end 2015)[1] |
Number of employees | 85,903 (end 2015)[1] |
| Website |
www |
SGS (formerly Société Générale de Surveillance) is a multinational company headquartered in Geneva, Switzerland which provides inspection, verification, testing and certification services. It has more than 85,000 employees and operates over 1,800 offices and laboratories worldwide.[2] It ranked on Forbes Global 2000 in 2015.[3]
The core services offered by SGS include the inspection and verification of the quantity, weight and quality of traded goods, the testing of product quality and performance against various health, safety and regulatory standards, and to make sure that products, systems or services meet the requirements of standards set by governments, standardization bodies or by SGS customers.[lower-alpha 1]
History
International traders in London, including those from France, Germany and the Low Countries, the Baltic, Hungary, the Mediterranean and the United States, founded the London Corn Trade Association in 1878 in order to standardize shipping documents for exporting nations and to clarify procedures and disputes relating to the quality of imported grain.
In the same year, SGS was founded in Rouen, France, by a young Latvian immigrant who, having seen the opportunities at one of the country’s largest ports, began to inspect French grain shipments.[4] With the aid of Captain Maxwell Shafftington, he borrowed money from an Austrian friend in order to start inspecting the shipments arriving in Rouen as, during transit, losses showed in the volume of grain as a result of shrinkage and theft. The service inspected and verified the quantity and quality of the grain on arrival with the importer.
Business grew rapidly; the two entrepreneurs went into business together in December 1878 and, within a year, had opened offices in Le Havre, Dunkirk and Marseilles.
In 1915, during the First World War, the company moved its Headquarters from Paris to Geneva, Switzerland and on July 19, 1919 the company adopted the name Société Générale de Surveillance.
During the mid-20th century, SGS started offering inspection, testing and verification services across a variety of sectors, including industrial, minerals and oil, gas and chemicals, among others. In 1981, the company went public and in 1985 joined the Swiss Market Index.
Operations
The company works in the following industries: Agriculture & Food, Automotive, Aviation, Chemical, Construction, Consumer Goods & Retail, Energy, Finance, Industrial Manufacturing, Life Sciences, Logistics, Mining, Oil & Gas, Public Sector.
Awards & Recognition
- KPMG ranked the SGS Code of Integrity in the top 10 among Swiss companies in 2015.[5]
- Ranked by Dow Jones Sustainability Indices as a 2015 Industry Leader in Professional Services for its sustainability processes.[6]
- Forbes ranked SGS in the world’s most innovative companies in 2015.[7]
- In 2015, the company joined RE100, a global group of companies that aims to generate their energy fully from renewable sources.[8]
Controversies
In the 90's SGS was allegedly involved in a payment to the husband of then Pakistani Prime Minister Benazir Bhutto, Asif Ali Zardari. SGS was accused in 1998 of bribing government officials to win contracts in Pakistan. SGS SA was dropped from the bid and responded by suing the Pakistan government over the allegations. In 2004, SGS SA and the government of Pakistan reached a settlement where both parties withdrew their civil claims and counterclaims.[9]
Notes
- ↑ Hermann Simon mentioned this company in his correspondent book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009. - ISBN 978-0-387-98147-5. P. 10).
References
- 1 2 3 4 5 6 "SGS 2015 Full Year Results" (PDF). SGS. Retrieved 2016-01-20.
- ↑ "SGS 2015 Full Year Results". 2016-01-20.
- ↑ "China Takes Lead On The 2015 Global 2000". Forbes. Retrieved 2015-12-03.
- ↑ "SGS - E- Story". www.swiss-ships.ch. Retrieved 2015-12-03.
- ↑ "Swiss Codes of Conduct Benchmark" (PDF). 17 April 2015.
- ↑ "Industry Group Leaders 2015 | Sustainability Indices". www.sustainability-indices.com. Retrieved 2015-12-03.
- ↑ "The World's Most Innovative Companies". Forbes. Retrieved 2015-12-03.
- ↑ "World's Leading Companies Join Campaign for 100% renewable power -". REI Group. Retrieved 2015-12-03.
- ↑ Williams, Frances (2004-05-07). "Pakistan and SGS settle Bhutto dispute". Financial Times. ISSN 0307-1766. Retrieved 2015-12-03.
External links
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