SGS and Siemens Pte Ltd have signed a Memorandum of Understanding (MOU) to provide sustainability consulting to companies in Southeast Asia. The partners will help companies to advise, audit and measure their Environmental, Social and Governance (ESG) efforts. They will also provide recommendations to help businesses become more sustainable, safe and efficient.
ESG has become more important to businesses, investors, policymakers and consumers, among other key stakeholders, over the last few years. It is a way to safeguard businesses from future risks, preserve the environment, reduce costs, forge trust among customers and even attract talent.
SGS is the world’s leading testing, inspection and certification company. It has been a leader in sustainability and ESG services for over 30 years. With expertise in all major industries, the company understands each sector’s pain points and has the technical expertise and logistical capabilities to ensure realistic sustainability outcomes.
SGS ESG services can help organizations to mitigate supply chain risks, implement better processes, address stakeholder concerns and accomplish sustainability goals. Its sustainability department houses experts on decarbonization consulting, inventory management, reporting, and verification services. SGS has rich experience in using widely used protocols and standards like Greenhouse Gas (GHG) Protocol and ISO 14064.
Siemens is a focused technology company with a huge environmental portfolio that helps tackle challenges in areas of environmental protection, decarbonization, health and safety, and makes the world more livable, sustainable and inclusive. It has been providing sustainability consulting to many enterprise customers in Singapore on their decarbonization journey and Science Based Target initiative of limiting warming to 1.5°C.
“SGS is extremely dedicated to adding value to society. One way we do this is by helping other companies improve their sustainability performance, so they can have a positive impact on society. Our partnership with Siemens is a perfect match of expertise and, together, we bring holistic sustainability solutions to customers,” said Allan Jayaravin, Managing Director of SGS Singapore.
“As a technology company, we are driven by the aspiration to address the world’s most profound challenges by leveraging the convergence of digitalization and sustainability. We have the expertise to combine the real and digital worlds. Together, with SGS, we will be able to help our customers drive high-value, sustainable growth,” said Sascha Stolar, Head of Finance and Vice President of Smart Infrastructure Regional Solutions & Services, Southeast Asia, Siemens Pte Ltd.
The partners will review a customer’s sustainability goals, conduct joint workshops and provide value-added and comprehensive solutions.