Introducing our

Net-Zero Transition Plan

Message from

Net-Zero
our CEO
At a glance
Introduction
Our approach

Transition Plan
Governance
Stakeholder engagement
Climate-related risks
and opportunities
Facilitating a just transition
Promoting climate action
Our decarbonization
journey
Overview
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable
electricity
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

1
2024
Contents

01 Introducing our Net-Zero

Transition Plan 03 Our decarbonization
journey 04 Supporting our
customers’ journey
Message from our CEO 4 Overview 13 Supporting our customers’ journey 28
At a glance 5 Carbon footprint 14
Introduction 6 Targets 15
Roadmap to 2030 16
L1 Vehicle fleet 18
L2 Buildings 20
L3 Renewable electricity 22

02 05
L4 Supply chain 23
Our L5 Business travel 24 Other
approach L6 Other emissions 25 information
Beyond 2030: net-zero 26
Governance 8 Financing our net-zero future 26 Data and disclosure 30
Stakeholder engagement 8 Acronyms 31
Climate-related risks and opportunities 9 Glossary 32
Facilitating a just transition 11 Disclaimer 32
Promoting climate action 11

2
 01
Introducing our
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Our approach
Governance
Stakeholder engagement

Introducing
Climate-related risks
and opportunities
Facilitating a just transition

our Net-Zero
Promoting climate action
Our decarbonization
journey
Overview

Transition Plan
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable In this section
electricity
Lever 4 Supply chain
Message from our CEO 4
At a glance 5
Lever 5 Business travel
Introduction 6
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

3
Introducing our Message from our CEO
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction Dear Stakeholders,
As we embark on a transformative
Our approach
Governance
Stakeholder engagement
Climate-related risks
and opportunities
journey towards sustainability, we
Facilitating a just transition
Promoting climate action are excited to share SGS’s Net-Zero
Our decarbonization
journey Transition Plan – a blueprint for our
transition to a net-zero future.
Overview
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet Climate change stands as the most significant challenge of our As a Testing, Inspection and Certification (TIC) leader,
Lever 2 Buildings
time, and, while we are not part of a carbon-intensive sector, we we commit to providing innovative sustainability services,
have committed to significantly reducing our emissions by 2030 supporting not only our own journey but assisting our
Lever 3 Renewable and achieving net-zero emissions by 2050. This has been endorsed customers in their pursuit of sustainability.
electricity by the Science Based Targets initiative (SBTi) and reflects our
Lever 4 Supply chain Sustainability is no longer an addendum but a fundamental part
dedication to combating climate change. We recognize the urgency
of our business strategy, shaping our economic and competitive
Lever 5 Business travel of addressing this crisis, not just as an environmental concern but
advantage. We are committed to demonstrating leadership,
as a socio-economic imperative affecting millions today.
Lever 6 Other emissions not just in words but through tangible actions that set
Beyond 2030: net-zero Aligned with the United Nations Sustainable Development Goals benchmarks for our and other industries.
(SDGs), our plan outlines a path to reduce scope 1 and 2 emissions
Financing our Our growth relies on our ability to transform, and our
net-zero future by 46.2% and scope 3 emissions by 28% by 2030 and extends
Net-Zero Transition Plan is a testament to our determination to
that commitment across our entire value chain to reduce our
Supporting our navigate challenges and seize opportunities. We acknowledge
emissions at least by 90% by 2050. The plan is not just a pledge,
customers' journey the critical role of addressing scope 3 emissions and commit to
it is a call to action that goes beyond compliance, aiming for
accelerating our decarbonization efforts to 2030 and beyond.
Other information ambitious reductions to secure a competitive business future.
Data and disclosure In closing, we express gratitude for your ongoing support.
We understand that collaboration along the way will be key.
Acronyms Our Net-Zero Transition Plan is a living document, a commitment
Stakeholder engagement is at the core of our transition, recognizing
to a sustainable future that transcends rhetoric. Together, let’s forge
Glossary that collective efforts amplify impact. We invite you to join us on
the path towards a net-zero future and inspire meaningful change.
Disclaimer this journey, fostering a dialogue that strengthens transparency
and accountability.
Géraldine Picaud
4 CEO
Introducing our Our Net-Zero Transition Plan at a glance
Net-Zero Transition Plan
Message from
our CEO
At a glance Green transition leadership

30%
Introduction
Our approach
Governance
Stakeholder engagement
Climate-related risks
and opportunities absolute reduction in World-leading ESG Unique portfolio of Climate action advocacy
Facilitating a just transition scopes 1 and 2 between ratings sustainability services to UN Global Compact
Promoting climate action
2014–2019 support our customers TIC council
Our decarbonization
journey
Overview
Carbon footprint
SGS Sustainability Ambitions
Targets

46.2% 28%
Roadmap to 2030

Net-zero
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable
electricity reduction in scopes 1 reduction in scope 3 emissions by 2050 First TIC company
Lever 4 Supply chain
Lever 5 Business travel
and 2 by 2030. Aligned by 2030. Aligned with with targets officially
Lever 6 Other emissions with 1.5ºC ambition 2ºC ambition approved by the SBTi
Beyond 2030: net-zero
Financing our
net-zero future
Decarbonization levers
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer Vehicle fleet Buildings Renewable Supply chain Business travel Other
electricity emissions
5
Introducing our Introduction
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
As a sustainability leader,
Our approach we are committed to a
Governance
Stakeholder engagement
climate action strategy and to
Climate-related risks help our customers transition
and opportunities
Facilitating a just transition
to a low carbon economy.
Promoting climate action
SGS is a leading professional services company that provides
Our decarbonization
journey specialized TIC services across nearly every industry in
over 100 countries. Our services add measurable value
Overview
to business and society by ensuring products, processes,
Carbon footprint systems and services meet national and international
Targets standards and regulations. Sustainability is embedded into
Roadmap to 2030 our business strategy as we use the scale and expertise
Lever 1 Vehicle fleet of SGS to enable not only our own transition to a more
sustainable future but also the transition of our customers.
Lever 2 Buildings
Lever 3 Renewable
As part of our trategy 2027, we have set ambitious targets
electricity based on our unique ability to respond to the megatrends
driving growth in the TIC industry. One of which is the The Sustainability Ambitions 2030 (SA30), which can be We are committed to providing all stakeholders with
Lever 4 Supply chain
“powerful sustainability transition”, which encompasses found at this link, is our global sustainability strategy, and it accurate and timely updates on our sustainability activities
Lever 5 Business travel higher demand from Environmental, Social and Governance covers our whole value chain. It includes ambitious climate and performance as well as on our climate-related risks
Lever 6 Other emissions (ESG) regulation and societal expectations. targets for 2030 and beyond, raising the bar on sustainability and opportunities. All this is set out in our integrated report,
standards internally and enabling a tangible and long-lasting which is published annually.
Beyond 2030: net-zero Our Net-Zero Transition Plan is deeply integrated into our
positive impact on society.
Financing our business strategy and finances. Aligned with our core values, Please refer to our annual integrated reports.
net-zero future it fosters innovation and efficiency while reducing carbon In line with the 1.5ºC objective from the Paris Agreement,
As the global leader in our industry, we aim to lead by
emissions, mitigating climate-related risks and capitalizing we are committed to reach net-zero greenhouse gas (GHG)
Supporting our example, this is why we have set ambitious targets, going
customers' journey on growth opportunities in our dynamic market. emissions across our entire value chain by 2050.
the extra mile to help the planet, society and our business.
Other information We maintain continuous dialogue with all stakeholders, In this report we have outlined our decarbonization levers,
Data and disclosure including customers, consumers, employees, suppliers, including projects and initiatives, through which we expect
communities, governments and industries and investors, to achieve our commitment.
Acronyms
to ensure our sustainability initiatives align with their
Glossary Find
 out more about our approach to sustainability
requirements and deliver positive value.
Disclaimer
at SGS.com.

6
 02
Introducing our
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Our approach
Governance
Stakeholder engagement

Our approach
Climate-related risks
and opportunities
Facilitating a just transition
Promoting climate action
Our decarbonization
journey
In this section
Overview
Carbon footprint Governance 8
Targets Stakeholder engagement 8
Roadmap to 2030 Climate-related risks and opportunities 9
Lever 1 Vehicle fleet Facilitating a just transition 11
Lever 2 Buildings Promoting climate action 11
Lever 3 Renewable
electricity
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

7
Introducing our Our approach
Net-Zero Transition Plan
Message from
our CEO
At a glance
Governance In accordance with the Company’s internal regulations, the Stakeholder engagement
Introduction Board of Directors delegated the operational management
Maintaining a continuous dialogue with all our stakeholders
Our approach A strong governance structure of the Group to the Executive Committee. As a result, the
Executive Committee defines the Group’s strategy, targets is critical to our long-term success. The valuable insights
Governance
Stakeholder engagement
ensures that sustainability and policies, including those related to climate action, from our customers, consumers, employees, suppliers,
communities, governments and industries as well as
throughout all the operations. The ultimate responsibility
Climate-related risks remains at the heart of our for implementing this Net-Zero Transition Plan lies with investors inform our materiality assessment and enable us to
and opportunities align our sustainability initiatives to stakeholder requirements
Facilitating a just transition
activities. Top management is the Executive Committee. This is reflected in its monthly
meetings, which the corporate sustainability team regularly and ensure that we deliver value to society.
Promoting climate action actively involved in overseeing attend to deal with sustainability and climate action items on Internally, we consistently implement innovative initiatives,
the agenda. including campaigns on energy, water and waste awareness,
Our decarbonization
journey
the delivery of our global Our regions and affiliates are responsible for implementing to foster employee engagement in our commitments.
Overview sustainability strategy. various initiatives that support the Group’s sustainability This effort aims to cultivate an enduring culture of
sustainability throughout the Company.
Carbon footprint targets. The network of regional and local sustainability
Targets ambassadors is responsible for implementing the programs Additionally, we encourage close collaboration between the
The Board of Directors is the highest governing body within in the affiliates, cascading the corporate initiatives down to sustainability professionals in our network to facilitate the
Roadmap to 2030 the Group and is the ultimate decision-making authority every single SGS site. sharing of knowledge, good practices and success stories
Lever 1 Vehicle fleet except for those decisions reserved by law to the Annual
ESG metrics are included in the long-term incentive scheme and ultimately, to provide a better service to customers.
Lever 2 Buildings General Meeting. The SA30, which include ambitious climate
targets for 2030 and 2050, was approved by the Board. for all executive members and local management teams Different levels of collaboration translate into varying degrees
Lever 3 Renewable across the organization, accounting for 20% of the incentive of control over our sources of GHG emissions. Some, such
electricity A dedicated Sustainability Committee of the Board was opportunity, based on the key priorities of decarbonization, as energy consumption in our buildings or the purchase of
Lever 4 Supply chain established in 2022 in response to the growing relevance health and safety and diversity. renewable electricity, fall under our direct control. Others,
Lever 5 Business travel
of sustainability to the Company and its stakeholders. such as emissions from our supply chain, are within our
The Committee plays an important role in assisting the M
 ore information in our annual integrated report.
Lever 6 Other emissions relative control but require close collaboration with our
Board to develop its sustainability plans and act accordingly. suppliers. Finally, certain factors extend beyond our direct
Beyond 2030: net-zero It oversees sustainability related issues that may affect the influence. This is the case for instance of the pace of
Financing our Group and its customers, including climate-related risks technological development, which impacts the availability
net-zero future and the implementation of the decarbonization strategy. of charging stations for electric vehicles. Navigating these
Supporting our diverse channels of communication and engagement with
customers' journey stakeholders requires a nuanced approach. By understanding
Other information
the levels of control and influence we possess across
different aspects of our operations, we can strategically
Data and disclosure
prioritize our efforts and leverage partnerships to accelerate
Acronyms our journey towards net-zero emissions while fostering
Glossary sustainable practices throughout our value chain.
Disclaimer
More information in our annual integrated report.

8
Introducing our Climate-related risks and opportunities
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
At SGS, climate-related risk
Our approach management is a Group‑wide
Governance
Stakeholder engagement
endeavor. We treat our
Climate-related risks non‑financial risks in the same
and opportunities
Facilitating a just transition
way as financial risks and
Promoting climate action incorporate our risk analysis into
Our decarbonization
journey
our materiality assessments.
Overview
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable
electricity Our Board of Directors reviews risks ensuring that the We ensure that our climate-related risks and opportunities
Lever 4 Supply chain Company has a robust strategic approach to mitigating them. are transparently communicated by endorsing and supporting
However, the ultimate responsibility for identifying risks and the voluntary recommendations of the Task Force on
Lever 5 Business travel
integrating their management into key business planning Climate-related Financial Disclosures (TCFD). This is a
Lever 6 Other emissions processes rests with our Executive Committee. The Group guidance framework that assists companies with disclosing
Beyond 2030: net-zero Risk Steering Committee, chaired by the CEO, oversees our climate-related risks to investors, lenders and insurers. As the
risk management framework. Accountability for managing International Financial Reporting Standards (IFRS) Foundation
Financing our
net-zero future
risk rests with 'Global Risk Owners’ who are charged took over the monitoring of the progress of companies’
with assessing risk in the jurisdictions for which climate-related disclosures, we will start adapting our
Supporting our they are responsible. reporting to the International Sustainability Standards Board
customers' journey (ISSB) recently published inaugural standards, IFRS S1 and
To support our risk management framework, the Group
Other information IFRS S2, which fully incorporate the TCFD recommendations.
conducts risk assessments, using a bottom-up approach,
Data and disclosure with identification of potential risks, coupled with design and
Acronyms implementation of mitigation actions and action plans at a
Glossary local level, where appropriate. Additionally, at Group level, SGS
Disclaimer applies a top-down approach to evaluate and conclude on the
country level results as well as to identify and assess risks
from the global perspective. In defining and assessing risks,
our organization evaluates risk appetite and tolerance levels.
9
Introducing our We have identified our main climate-related risks and opportunities and quantified both our transition and physical risks.
Net-Zero Transition Plan
Message from Transition risks Impact description
our CEO
At a glance
Regulatory Increasing price An increase in the price of carbon offsets and an increase in carbon taxes from governments
of carbon
Introduction
Our approach Increased Higher operational costs to comply with climate related legislation (e.g. EU Taxonomy, adoption of IFRS-S2/TCFD
Governance compliance costs recommendations, etc.)
Stakeholder engagement Technology Failing to adapt to Not adopting low carbon technologies (such as low carbon vehicles, energy efficiency measures for our buildings
Climate-related risks new low carbon or renewable energy generation) would reduce our competitiveness and affect our reputation
and opportunities technologies
Facilitating a just transition
Promoting climate action
Market Shifts in service Market changes due to climate change can have a significant impact on customer demand for SGS services,
demand either directly or indirectly
Our decarbonization
journey Reputation Climate reputation Failing to address appropriately our impact on climate change, or to comply with climate regulations, would impact
Overview the value of our brand and imply the loss of customers
Carbon footprint
Targets Physical risks Impact description
Roadmap to 2030
Acute Extreme weather Extreme weather conditions, such as cyclones, hurricanes or floods, can affect our business performance and continuity,
Lever 1 Vehicle fleet
events by forcing us to close sites disrupting our logistics, etc.
Lever 2 Buildings
Chronic Increase in mean Higher mean temperatures result in higher energy consumption and usage of refrigerant gases, which translate into
Lever 3 Renewable
electricity temperatures GHG emissions
Lever 4 Supply chain Rising sea levels Our coastal facilities could be impacted, requiring relocation
Lever 5 Business travel
Lever 6 Other emissions Opportunities Impact description
Beyond 2030: net-zero Technology New and more Increased demand for low carbon technologies is resulting in new technologies appearing, being developed faster and being made
Financing our affordable low more affordable, in most cases
net-zero future
carbon technologies
Supporting our
customers' journey Cost savings Reducing the energy that we consume in our buildings, as well as the amount of employee travel, will not only reduce our carbon
Other information
associated to emissions but also the associated costs
climate strategy
Data and disclosure
implementation
Acronyms
Glossary Market Shifts in service Market changes due to climate change can have a significant impact on client demand for SGS services, either directly or indirectly
Disclaimer demand

More information in our annual integrated report.

10
Introducing our Facilitating a just transition Promoting climate action
Net-Zero Transition Plan
Message from
our CEO
At a glance The journey towards a net-zero future extends beyond Proactive engagement is essential for advancing • Bioenergy Europe: It aims to develop a sustainable
Introduction environmental considerations, embracing also vital social sustainability and climate efforts across our entire value bioenergy market based on fair business conditions.
Our approach dimensions. At SGS, we recognize the imperative of chain. Ongoing dialogue with stakeholders is key, Its statistical reports are the leading source of bioenergy
fostering a just and inclusive transition, one that places ensuring our sustainability initiatives align with their statistics since 2007. SGS sponsored the 2022 report
Governance
individuals, businesses and communities at the forefront, expectations and provide societal value. • Energy Institute (EI): SGS, in partnership with the
Stakeholder engagement
and paves the way for a sustainable future. EI, offers professional training and qualifications in
Climate-related risks We support the climate agenda of the Paris Agreement,
We maintain consistent engagement with our stakeholders, actively striving to limit the global temperature rise to 1.5ºC. energy management
and opportunities
including employees, suppliers, customers, consumers and We are fully committed to strong decarbonization action, • Sustainable Apparel Coalition: Aids EU’s circular
Facilitating a just transition
communities. This ongoing interaction is essential to uphold aiming for net-zero GHG across our value chain by 2050, policies via collaborative secretariat, developing Global
Promoting climate action Apparel and Footwear (PEFCR) as EU product standard
a thriving, committed and sustainable business characterized which aligns with the Paris Agreement as well as with the
Our decarbonization by growth, diversity and inclusion, collaboration as well as SBTi and climate science. • UNGC: Voluntary leadership platform for the development,
journey respect for human rights, health and safety and dignity. implementation and disclosure of responsible business
We actively participate in discussions on sustainability and
Overview practices. SGS joined in 2023
Moreover, we assist our customers in achieving their climate change with specialists from other companies
Carbon footprint sustainability goals, which, in turn fosters an equitable and more widely through trade associations and working More information can be found here.
Targets transition. This support is provided through services focused groups. Sharing experiences and best practices with
Roadmap to 2030 on reducing GHG emissions, sourcing responsibly, increasing peers and associations positively impacts our internal
Lever 1 Vehicle fleet resource efficiency and waste reduction as well as ensuring performance and the services that we offer to customers.
that integrity is integrated throughout the entire value chain. It also contributes to knowledge generation and equips
Lever 2 Buildings
other organizations for their sustainability journey.
Lever 3 Renewable
Continuously seeking ways to promote our sustainability
electricity culture across the network and establish ourselves as a Some of them are listed below:
Lever 4 Supply chain leader in sustainability, we joined the United Nations Global
• TIC Council: SGS participates in three different working
Compact initiative in 2023. This is a voluntary leadership
Lever 5 Business travel groups: assurance services, product sustainability and
platform for the development, implementation and disclosure
sustainability disclosures. Among other achievements,
Lever 6 Other emissions of responsible business practices. By joining this initiative,
these working groups have developed voluntary guidelines
we stand united with thousands of forward-thinking
Beyond 2030: net-zero for the sustainability disclosures of TIC members according
companies around the world committed to taking responsible
Financing our to the EU taxonomy
business action to create a better world for present and
net-zero future • Gafta: SGS is among the few industry leading companies
future generations.
Supporting our that piloted a project to encourage and support Gafta
customers' journey Our dedication to the UN’s principles in the areas of human members to contribute towards a sustainable future for
rights, labor, environment and anti-corruption, aligns with our agricultural trade
Other information
SA30, driving us forward on our sustainability journey.
Data and disclosure
Acronyms
Glossary
Disclaimer

11
 03
Introducing our
Net-Zero Transition Plan
Message from
our CEO
Our approach
At a glance
Introduction
Our approach
Governance
Stakeholder engagement

Our
Climate-related risks
and opportunities
Facilitating a just transition

decarbonization
Promoting climate action
Our decarbonization
journey
Overview

journey
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable In this section
electricity
Lever 4 Supply chain Overview 13
Lever 5 Business travel
Carbon footprint 14
Targets 15
Lever 6 Other emissions
Roadmap to 2030 16
Beyond 2030: net-zero
L1 Vehicle fleet 18
Financing our
net-zero future
L2 Buildings 20
L3 Renewable electricity 22
Supporting our
customers' journey L4 Supply chain 23
L5 Business travel 24
Other information
L6 Other emissions 25
Data and disclosure
Beyond 2030: net-zero 26
Acronyms
Financing our net-zero future 26
Glossary
Disclaimer

12
Introducing our Overview
Net-Zero Transition Plan
Message from
our CEO

ktCO2e
At a glance 2014-2019 2019-2030 2030-2050
Introduction
Our approach
Focusing on Leading the Delivering on our pledge
Governance our operations green transition to achieve net-zero
Stakeholder engagement
Climate-related risks Our transition levers are:
by 2050
and opportunities 1. Vehicle fleet 4. Supply chain Expanding our effort through our decarbonization
Facilitating a just transition 2. Buildings 5. Business travel levers to fulfill our long-term commitment.
Promoting climate action 2014
3. Renewable electricity 6. Other emissions
185,313 (tCO2e)
Our decarbonization

46.2% 28% 90%

journey 2019
Overview 130,201 (tCO2e)
Carbon footprint
absolute reduction absolute reduction absolute reduction for scopes 1, 2 and 3
Targets
30% absolute reduction in scopes 1 and 2 for scopes 1 and 2 for scope 3
Roadmap to 2030
Lever 1 Vehicle fleet 41% reduction in intensity
Lever 2 Buildings
Achievements Achievements
Lever 3 Renewable — A list in CDP — Launch of our global sustainability strategy, SA30
electricity 1,500
— Over 90% renewable electricity — Sustainability KPIs included in top management remuneration
Lever 4 Supply chain
— First TIC company with targets officially approved by the SBTi
Lever 5 Business travel — First integrated, financial and non-financial, report
Lever 6 Other emissions — Joined the UNGC
Beyond 2030: net-zero BAU Scopes 1 and 2 Scope 3 1,000
Financing our
net-zero future
Supporting our
customers' journey
Other information 500
Data and disclosure
Acronyms
Total CO2 emissions
Glossary over time
Disclaimer

2014 2019 2030 2050

13 The BAU illustrates a "Business-As-Usual" scenario where the emissions grow with the same trajectory as 2014-2019 period, in a scenario without enough decarbonization actions to curb them.
Introducing our Carbon footprint
Net-Zero Transition Plan
Message from
our CEO
At a glance The TIC industry is not a carbon-intensive sector, since it the emissions related to fuel and electricity activities, the More information in our basis of reporting.
Introduction does not comprise manufacturing processes and facilities, management of waste generated in our operations (including
Our approach thus most of its emissions are indirect. We measure our recycling, composting, incineration and landfill), the business
carbon footprint following the GHG Protocol Corporate travel made by plane or train and the daily commuting of our
Governance
Accounting and Reporting Standard. It includes emissions employees to SGS sites.
Stakeholder engagement
associated to both owned and leased assets over which we
Climate-related risks Scope 3 categories excluded from our carbon footprint
have financial control.
and opportunities include upstream transportation and distribution,
Facilitating a just transition
Our scope 1 emissions are mainly from the combustion which is deemed irrelevant after screening, and all
of fuels at our buildings and in our vehicles, (excluding the scope 3 downstream categories, which do not apply
Promoting climate action
emissions from refrigerant gases). Our scope 2 emissions to SGS as we are a provider of services and do not sell
Our decarbonization come from the generation of purchased electricity by our manufactured products.
journey buildings (excluding district heating emissions).
In 2019, our carbon footprint was 0.92 million tonnes CO2e,
Overview
Our scope 3 emissions have a variety of upstream sources. scope 1 and 2 accounting for 14%. This is represented below,
Carbon footprint The emissions related to the extraction, production and as 2019 serves as our baseline year, against which we
Targets transportation of purchased goods and services and measure our reduction progress and establish our targets.
Roadmap to 2030 purchased capital goods account for the largest portion
Lever 1 Vehicle fleet of our scope 3 emissions. Other minor categories include
Lever 2 Buildings
Lever 3 Renewable
electricity Scope 1 Scope 2 Scope 3
Lever 4 Supply chain
A Vehicle fuels 87,048 C Electricity market-based 16,758 D Purchased goods and services 441,064 E Capital goods 137,633
Lever 5 Business travel
B Building fuels 26,396 F Fuel and energy related activities 76,354 G Waste generated in operations 10,531
Lever 6 Other emissions
H Business travel 29,647 I Employee commuting 91,142
Beyond 2030: net-zero
1

Sc 2

Financing our
e

e
op

op

op

net-zero future
Sc

Sc

Supporting our
customers' journey
Other information
Data and disclosure
2019 A B C D E F GH I
916,573
absolute tonnes CO2e
Acronyms
emissions
Glossary
Disclaimer

14
Introducing our Targets
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
The SBTi is a collaborative effort involving Carbon
Our approach Disclosure Project (CDP), United Nations Global
Governance
Stakeholder engagement
Compact (UNGC), World Resources Institute (WRI), In line with SBTi criteria, we commit to review our targets
against the latest criteria and guidance every five years,
Climate-related risks and World Wide Fund for Nature (WWF). and if necessary, recalculate and revalidate for continued
and opportunities recognition by the SBTi. Targets shall be recalculated, as
Facilitating a just transition needed, to reflect significant changes that could compromise
Promoting climate action relevance and consistency of the existing target, e.g.
significant changes in company structure and activities such
Our decarbonization
journey Functioning as the lead partner of the Business Ambition for as material acquisitions or divestitures.
Overview the 1.5°C campaign, the SBTi plays a pivotal role in mobilizing
companies globally to establish science-based targets
Near-term targets This means another great milestone for SGS and further
Carbon footprint proof of our commitment to make a positive and long-lasting
aligned with the Paris Agreement. By defining and promoting • We commit to reduce absolute scope 1 and scope impact on society, and limit global temperature rise to 1.5ºC.
Targets best practices in emissions reductions and net-zero targets, 2 GHG emissions by 46.2% by 2030 from a 2019
Roadmap to 2030 the SBTi aligns companies with climate science, urging them base year Our Net-Zero Transition Plan sets the roadmap to reducing
Lever 1 Vehicle fleet to take effective action. our emissions, including a variety of decarbonization levers
• We also commit to reduce absolute scope 3
and initiatives that cover all scopes. This plan considers
Lever 2 Buildings The SBTi provides a clearly defined pathway for companies GHG emissions by 28% by 2030 from a 2019 base year
the expected organic growth of the Group and future
Lever 3 Renewable to reduce GHG emissions, helping prevent the worst impacts technological advancements and is supported by Group-wide
of climate change and future-proofing business growth.
electricity
Lever 4 Supply chain
Long-term targets policies, global programs and local initiatives.
In 2018, we became the first professional services company To monitor performance, the SGS Sustainability Management
Lever 5 Business travel in Switzerland to join the SBTi, committing to reduce GHG • We commit to reduce absolute scope 1, 2 and 3 System provides a mechanism through which we can
Lever 6 Other emissions emissions based on targets determined by climate science. GHG emissions by 90% by 2050 from a 2019 base year monitor the delivery of the Group’s Sustainability Strategy
In 2022, we became the first TIC company to receive and our progress against our targets. GHG emissions data
Beyond 2030: net-zero
approval for a net-zero target. Aligned with the 1.5ºC Our direct emissions reduction will be prioritized, and all is collected locally at least on a half-year basis through
Financing our residual emissions will be neutralized in line with SBTi criteria centralized software, then reviewed and consolidated
net-zero future objective from the Paris Agreement, we have committed to
reach net-zero GHG emissions across our entire value chain before reaching net-zero emissions by 2050. in a centralized manner.
Supporting our by 2050. To achieve this objective, we have approved near-
customers' journey In updating our targets, we changed from intensity-based We have communicated our global commitment to each
and long-term science-based emissions reduction targets to absolute targets to comply with SBTi criteria and region and affiliate. In this context, the global target related
Other information with the SBTi: reflect a higher ambition. These targets were determined to our operations has been cascaded down to regions and
Data and disclosure following the absolute contraction approach, as there is no affiliates by using a multi-criteria methodology that considers
Acronyms sectoral pathway that applies to the TIC industry. We also their weight, intensity and trend. Affiliates are implementing
Glossary moved forward the baseline year from 2014 to 2019 in their local action plans, focused on their major contribution,
Disclaimer
order to comply with SBTi criteria. This base year better whether this is building or vehicles, aiming to achieve their
reflects our new starting point after the achievement of the designated targets.
Sustainability Ambitions 2020, without the anomalies of the
COVID-19 pandemic.
15
Introducing our Roadmap to 2030
Net-Zero Transition Plan
Message from
our CEO Reduction of emissions among decarbonization levers
At a glance
Introduction 2019
Our approach
absolute
emissions
916,573 tonnes CO e 2
Governance
Stakeholder engagement
Climate-related risks
2019-30
and opportunities activity-related 129,091 tonnes CO2e
Facilitating a just transition growth
Promoting climate action
Our decarbonization Vehicle fleet 59,957 tonnes CO2e
journey
Overview
Carbon footprint
Targets
Buildings 3,421 tonnes CO2e
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings Renewable electricity 24,475 tonnes CO2e
Lever 3 Renewable
electricity
Lever 4 Supply chain
Supply chain 211,138 tonnes CO2e
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
Business travel 19,484 tonnes CO2e
net-zero future
Supporting our
customers' journey
Other emissions 90,954 tonnes CO2e
Other information
Data and disclosure
Acronyms 2030
Glossary
Disclaimer
emissions
target
636,235 tonnes CO e 2

Our commitment to reducing emissions also covers our expected growth, estimated based on 2014-2019 trend.
16
Introducing our Our decarbonization levers Scope 1 Lever 1 Vehicle fleet Scope 2 Lever 3 Renewable Scope 3 Lever 4 Supply chain
Net-Zero Transition Plan Direct Indirect electricity Other
1 — Greener fleet 4 Purchased goods
Message from emissions emissions 3 — On-site generation indirect
our CEO — Reduced emissions and services
— Green tariffs emissions
— Sustainable mobility
At a glance — E ACs 5 Capital goods
— Streamlined routes
Introduction — PPAs — Comprehensive data
Lever 2 Buildings — Engagement with
Our approach
suppliers
Governance 2 — O ptimized office
Stakeholder engagement space Lever 5 Business travel
Climate-related risks — Energy efficiency
6 — Green travel policy
and opportunities 9 — Energy source
3 — Integration into
Facilitating a just transition diversification
mobility strategy
Promoting climate action — Awareness
— Technology adoption
Our decarbonization
journey Lever 6 Other emissions
Overview 7 Employee commuting
Carbon footprint 2 — Mobility strategy
Targets
8 Waste management
Roadmap to 2030 — Reduction and
5
Lever 1 Vehicle fleet recuperation initiatives
Lever 2 Buildings 6
9 Fuel and energy-related
Lever 3 Renewable activities
electricity
Lever 4 Supply chain
Lever 5 Business travel
8
Lever 6 Other emissions
Beyond 2030: net-zero 4
Financing our 7
net-zero future 1
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

17 Our commitment to reducing emissions also covers our expected growth, estimated based on 2014-2019 trend.
Introducing our Lever 1 Vehicle fleet
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Around 70% of our operational emissions are linked to
Our approach our vehicle fleet. This is mainly comprised of passenger
Governance
Stakeholder engagement
cars, light commercial vehicles and pick-ups, used for
Climate-related risks the purpose of transporting samples and personnel to
and opportunities
Facilitating a just transition
inspection sites. It is essential to prioritize sustainable
Promoting climate action practices in this area for achieving substantial positive
Our decarbonization
journey
impact and effective mitigation.
Overview
Carbon footprint
Greener fleet Adherence to the policy is assessed annually, and corrective Achievements
Targets
We are transitioning away from conventional combustion actions are applied at local level according to performance Over a 4-year cycle, we have incorporated over
Roadmap to 2030 engines and proactively incorporating environmentally evaluations. Furthermore, the policy undergoes regular a thousand low-carbon cars, doubling the share
Lever 1 Vehicle fleet sustainable alternatives into our vehicle fleet. review to ensure that it aligns with most up to date practices of our low-carbon car fleet to reach 15% globally.
Lever 2 Buildings and to confirm that it remains rigorous and adequate to In Europe, this figure is even higher reaching 20%.
In 2022, we updated a global vehicle emissions policy,
facilitate emissions reduction. Lastly, the policy is also
Lever 3 Renewable available here, that sets out the following three requirements:
updated to ensure comprehensive coverage of the entire This, alongside our global vehicle emissions policy,
electricity
• An average emissions target, expressed in gCO2 /km, decarbonization journey. has helped to decrease our vehicle fleet’s average
Lever 4 Supply chain
that the vehicles of our fleet must meet by 2025 theoretical emissions by 10%, compared to our
Lever 5 Business travel
Reduced emissions
• A threshold, also expressed in gCO2 /km, that new acquired Through the adoption of local targets and development of 2019 baseline.
Lever 6 Other emissions passenger cars cannot exceed emissions reduction plans, affiliates are diligently identifying
• Each year, a minimum of 10% of the vehicles procured will and implementing initiatives in electrification and other
Our commitment is that by 2030, half of our fleet
Beyond 2030: net-zero
be based on low carbon technologies, such as hybrid, plug- areas related to vehicles. These efforts include the adoption will be based on low-carbon technology.
Financing our
net-zero future
in hybrid, pure electric and natural gas propulsion system of more sustainable fuels, smart fleet management and
The policy applies to all our leased vehicles as well as provision of efficient driving training. Additionally, our

15% 20%
Supporting our
those owned since 2022. It enables us to gradually reduce vehicle fleet represents a source of locked-in emissions at
customers' journey
emissions by shifting to vehicles with lower environmental SGS. To mitigate this, affiliates are also retiring outdated
Other information vehicles among their actions. These endeavors will help our
impact, while we continue utilizing existing technology until Doubled the share of In Europe, this
Data and disclosure
the transition to zero or extremely low emissions vehicles affiliates achieve their designated objectives, concurrently
making a substantial contribution to fulfilling the Group’s our low-carbon car fleet figure is even higher
Acronyms is fully implemented.
global commitment. to reach 15% globally reaching 20%
Glossary
Disclaimer

18
Introducing our Lever 1 Vehicle fleet continued
Net-Zero Transition Plan
Message from
our CEO
At a glance Sustainable mobility
Introduction Embedded within our sustainable mobility strategy are two
Our approach pillars, vehicle rationalization initiatives and the facilitation
of alternative transportation options for our employees.
Governance
The former involves meticulous assessments to optimize
Stakeholder engagement
resources, ensuring that the provision of vehicles aligns
Climate-related risks with both business requirements and sustainability
and opportunities objectives. Simultaneously, our commitment extends to the
Facilitating a just transition exploration and implementation of alternative transportation
Promoting climate action modes, including but not limited to carpooling initiatives,
Our decarbonization
bike programs and partnerships with public transport
journey services. Through this two-fold approach, we endeavor
to not only enhance operational efficiency but also foster
Overview
a diverse and environmentally conscious transportation
Carbon footprint culture within our organization.
Targets
Streamlined routes
Roadmap to 2030
We will focus on improving the efficiency of our
Lever 1
Lever 2
Vehicle fleet
Buildings
sample transportation. Acknowledging the critical
role that streamlined logistics play in our operations,
Samplifly
Lever 3 Renewable
we have implemented measures to optimize and
electricity refine the collection of samples. These efforts involve
strategically reevaluating logistics frameworks and
Lever 4 Supply chain
adopting innovative solutions to reduce transit times
In collaboration with ADLC and BASF, we The partnership combines ADLC’s drone expertise,
SGS’s expertise in testing, inspections, handling
Lever 5 Business travel and enhance overall efficiency. are deploying an innovative project, Samplifly. of dangerous products and emergency response
Lever 6 Other emissions This, aims at transporting petrochemical activities, and the importance BASF Antwerp
Beyond 2030: net-zero analysis samples in the port of Antwerp attaches to safe transport of its samples.
Financing our using drones instead of road transport. More information can be found here.
net-zero future
Supporting our With Samplifly, we are making port operations more
customers' journey efficient and reducing the environmental impact of
sample transportation.
Other information
Data and disclosure Drone sample transport reduces emissions by as much
Acronyms as 80% and is up to 4x faster. This involves drone flights
over longer distances (up to 40 km) and is fully computer-
Glossary
controlled from a control room, beyond the visual line of sight
Disclaimer of the pilot.

19
Introducing our Lever 2 Buildings
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Around 30% of our operational Energy efficiency
Efficient operations play a pivotal role in our success as a
Our approach emissions are associated with company. Our flagship program, the Energy Efficiency in
Buildings (EEB) program, established in 2012, focuses on
Governance
Stakeholder engagement
our portfolio of buildings, which addressing our major energy consumption sources.

Climate-related risks includes mainly leased offices Nearly one-third of our buildings, constituting over 80% of
our electricity and fossil fuel consumption, are part of this
and opportunities
Facilitating a just transition
and laboratory spaces. While initiative. Measurement is crucial, and we have diligently
Energy efficiency
Promoting climate action managing actions in rented collected consumption data from these key buildings,
which include mixed-use office and laboratory spaces, Portugal
Our decarbonization
journey
buildings poses challenges to establish baselines and priorities. In Lisbon, Portugal, we inaugurated a smart building

Overview in terms of control and The program has provided financial support for the
implementation of numerous efficiency projects, spanning
designed with sustainability in mind. Its glass outer
walls maximize natural light so that the need for artificial
Carbon footprint
implementation, it is crucial to from on-site solar photovoltaic systems, LED lighting and lighting is avoided insofar as possible. Inside, LED
lighting with lumen sensors were installed to reduce
Targets enhanced control to higher efficiency heating systems,
Roadmap to 2030 adopt practices that enhance building insulation and co-generation. Recent investments energy consumption and the need for maintenance.
The electrical network was designed to accommodate
Lever 1 Vehicle fleet the efficiency of our operations. include the installation of EV charging points, contributing
to a greener fleet. solar panels and charging points for electrical vehicles
Lever 2 Buildings parking without significant structural modifications.
Lever 3 Renewable
Our building portfolio constitutes the major source of
locked‑in emissions at SGS, so focusing on the largest Argentina
electricity
Optimized office space energy consumers and owned buildings we aim to minimize In our laboratory in General Deheza, Argentina, several
Lever 4 Supply chain We are committed to consolidating our office space, the locked-in emissions of our existing infrastructure. energy efficiency projects were launched. From low-
Lever 5 Business travel increasing utilization and leveraging opportunities for remote energy consumption freezers for samples and reagents
work wherever feasible. This involves identifying underutilized The program also incorporates the green building to LED lighting and high efficient air conditioning
Lever 6 Other emissions
areas and executing reconfiguration plans accordingly. guidelines, a tool that enables us to evaluate facilities systems, we are reducing the carbon footprint of this
Beyond 2030: net-zero Our commitments extends to transitioning to high energy based on various KPIs, such as energy, waste and water, facility. Additionally, solar panels were installed on the
Financing our efficiency buildings and expanding our portfolio of green among others, and integrate sustainability criteria into our roof to meet our own energy demand.
net-zero future building certifications. We have introduced practices such as capex decision‑making. Additionally, the tool allows us
to pinpoint potential enhancements that could contribute Belgium
Supporting our hot-desking, flexible furniture arrangements and seat booking
to a greater proportion of green buildings in our portfolio. We have also made great energy efforts in our facility in
customers' journey systems. Furthermore, we have harnessed technology to
This emphasizes our commitment to transitioning to more Gembloux, Belgium. The facility is now equipped with
Other information support remote work and virtual collaboration, reducing the
efficient buildings. solar panels on the roof and LED lighting. Furthermore,
need for fixed desk spaces at our offices. Our efforts have
Data and disclosure insulation materials were installed on the roof of the
led to reduced costs, energy savings, flexible work location Similar to the approach taken with regard to vehicles, through
Acronyms building to reduce heat loss or gain, ultimately enhancing
arrangements for our staff and the development of more the adoption of local targets and development of emissions
Glossary energy efficiency and comfort.
adaptable and outstanding office environments. reduction plans, affiliates are establishing predetermined
Disclaimer actions concerning buildings to address consumption and
subsequently reduce emissions. Local teams consistently
receive data visualization and additional supportive tools to
20 enhance the effectiveness of their initiatives.
Introducing our Lever 2 Buildings continued
Net-Zero Transition Plan
Message from
our CEO
At a glance Energy source diversification
Introduction Optimizing space and enhancing energy efficiency are initial
Our approach measures in emission reduction; nevertheless, projects have
a constrained impact on emissions. This is why we strive to
Governance
accelerate the decarbonization of our operations by moving
Stakeholder engagement
away from fossil fuels to energy sources that are more
Climate-related risks environmentally friendly.
and opportunities
Facilitating a just transition
Examples include replacing conventional systems like ovens,
dryers or heating systems with their electric counterparts,
Promoting climate action
such as heat pumps, as well as the use of more sustainable
Our decarbonization alternative fuels. It is essential to emphasize that
journey implementing these innovative solutions will require new
Overview approaches to our cutting-edge processes, and we foresee
Carbon footprint some of these changes occurring in the latter half of this
Targets decade. Additionally, it is noteworthy that shifting the reliance
from fossil fuels to clean electricity will require the installation
Roadmap to 2030
of more solar panels and the acquisition of renewable
Lever 1 Vehicle fleet electricity, actions we are committed to taking.
Lever 2 Buildings
In line with the information outlined in the previous sections,
Lever 3 Renewable affiliates emissions reduction plans incorporate specific

30%
electricity measures to tackle the diversification of energy sources.
Lever 4 Supply chain Awareness
Additionally, specific programs are in place to focus on
Effective energy management requires a harmonious
Lever 5 Business travel significant contributors, identifying actions associated
integration of organizational decisions, technical solutions
with transitioning energy sources. Moreover, affiliates are
Lever 6 Other emissions and shifts in human behavior.
equipped with supportive tools, such as company-wide
Beyond 2030: net-zero good practices or implemented examples, aiding them in the We regularly conduct awareness campaigns, such as the reduction in energy
Financing our identification and implementation of initiatives. Spot the Orange Dot (STOD) initiative, to promote sustainable
net-zero future behaviors among our employees. STOD is a bottom-up consumption can be
Supporting our campaign designed to identify spots where energy, as well
as water and waste, can be reduced in the daily life of SGS
achieved by behavioral
customers' journey
Other information
employees at the workplace. changes
Data and disclosure Whether it is switching the lights off or adjusting the
Acronyms
temperature in the office, our aim is to promote sustainable
behaviors that, multiplied by nearly 100,000 employees,
Glossary
can have a great impact.
Disclaimer

21
Introducing our Lever 3 Renewable electricity
Net-Zero Transition Plan
Message from
our CEO

97%
At a glance
Introduction
We are investing in on-site electricity generation, mainly
Our approach through solar photovoltaic installations, along with green
Governance
tariffs offered by suppliers. However, there are limitations
Stakeholder engagement of our total electricity
Climate-related risks to the scalability of these approaches, and consequently, consumption is derived from
and opportunities
Facilitating a just transition
we are also directing investments towards Energy renewable sources
Promoting climate action Attribute Certificates (EACs).
Our decarbonization
journey
So far, 97% of our total electricity consumption is derived
Overview
from renewable sources, and our goal is to close the
Carbon footprint remaining gap by 2025.
Targets
To foster renewable energy development and make a positive
Roadmap to 2030 impact on the communities in which we operate, we are
Lever 1 Vehicle fleet currently exploring Power Purchase Agreements (PPAs).
Lever 2 Buildings We are committed to sourcing a portion of our electricity
consumption through these PPAs, thereby introducing
Lever 3 Renewable
electricity new assets to actively contribute towards the expansion
of renewable electricity grids.
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

22
Introducing our Lever 4 Supply chain
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Within scope 3, categories 3.1 and 3.2 encompass
Our approach emissions resulting from purchased goods and services
Governance
Stakeholder engagement
and capital goods, respectively.
Climate-related risks
and opportunities
In the most recent edition of the “CDP Technical Note: Comprehensive data
Facilitating a just transition Relevance of Scope 3 Categories by Sector”, it is revealed The foremost challenge lies in ensuring the accuracy of data
Promoting climate action that, on average, scope 3 emissions constitute 75% of related to supply chain emissions. Presently, our estimation
Our decarbonization the total scope 1+2+3 emissions across all industries. methodology relies on a spend-based approach following the
journey The professional services sector faces an even more GHG Protocol Corporate Value Chain Standard. To improve
Overview pronounced relevance of scope 3 emissions due to the this approach, we are undertaking various initiatives:
minimal emissions from our direct operations. Engagement with suppliers
Carbon footprint • Enhancing procurement categorization for greater We are determined to overcome the second significant
Targets This source of emissions primarily originate from our supply granularity, capturing the characteristics of goods and challenge related to our supply chain, which is securing
Roadmap to 2030
chain, comprising the largest share of our carbon footprint, services at the supplier level commitment from our suppliers to align with our
nearly 70% of the total. Effectively decarbonizing our • Continuously seeking the most up-to-date comprehensive sustainability goals. This will include urging them to
Lever 1 Vehicle fleet
supply chain presents several challenges. Firstly, there is global carbon database for emission factors publicly disclose their emissions, develop decarbonization
Lever 2 Buildings the obstacle of reducing emissions while relying on spend- • Implementing tools to streamline and enhance the accuracy plans, collaborate on emission reduction strategies and
Lever 3 Renewable based estimations, which naturally rise alongside the organic of our emissions calculations commit to science-based targets. This collaborative
electricity growth of the Company. Secondly, we face a significant approach will ensure that our supply chain partners actively
Lever 4 Supply chain dependency on our supply chain partners, they need to While these initiatives significantly improve the accuracy
contribute to the shared objective of reducing our collective
provide accurate data on their emissions to calculate our of our estimations and enable hotspot identification,
Lever 5 Business travel carbon footprint.
scope 3 footprint, and they must commit to reducing their multi‑regional extended input-output databases have
Lever 6 Other emissions own emissions. limitations. They are based on publicly available average Understanding the decarbonization plans and drivers of our
Beyond 2030: net-zero
data and may not capture source-specific variations. suppliers is crucial to comprehending their impact on our
carbon footprint. We are also exploring long-term strategic
Financing our We are working towards moving from a spend-based
partnerships covering various topics, all aimed at driving

70%
net-zero future approach to a hybrid methodology by directly engaging
sustainability throughout the value chain. For SGS it is key to
Supporting our with suppliers to acquire supplier-specific emission factors.
ensure that our key suppliers share our ambitions and targets,
customers' journey In cases where direct engagement is limited, we will
so that together we can contribute to a greener future.
consider utilizing public disclosure platforms to ensure
Other information
data accuracy and provide assurance.
Data and disclosure
Acronyms
of our total emissions originate
Glossary from our supply chain
Disclaimer

23
Introducing our Lever 5 Business travel
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Within scope 3, category 3.6 encompasses emissions Moving forward, our objective is to minimize unnecessary
travel, promoting remote work when feasible and prioritize
Our approach resulting from long-distance business trips via flights or cleaner modes of transportation. To achieve this, we are
implementing the following:
Governance
Stakeholder engagement
trains, excluding short-distance trips using taxis or short-
Climate-related risks term rentals. In 2019, emissions from business travel Green travel policy
and opportunities
Facilitating a just transition
amounted to nearly 30,000 tonnes of CO2e, establishing We plan to strengthen our policy to align with our current
Promoting climate action itself as a significant source. Consequently, at SGS, sustainability goals and reflect the latest advancements
as required.
Our decarbonization
journey
business travel emissions play a crucial role in our
Overview sustainability strategy. Integration into mobility strategy
Carbon footprint
Business travel will be more intricately woven into our
Targets broader mobility strategy. This approach aims to ensure
Roadmap to 2030 We formulated our first business travel policy in 2016, a holistic and coordinated effort in reducing emissions
Lever 1 Vehicle fleet established SBTi-approved reduction targets in 2018 in associated with employee travel.
Lever 2 Buildings tandem with scope 1 and 2 goals, and incorporated them into
executive long-term incentives ESG KPIs.
Lever 3 Renewable Technology adoption
electricity The year 2020 witnessed substantial impacts on this
Lever 4 Supply chain category due to travel restrictions associated with the Staying abreast of the latest technological developments,
Lever 5 Business travel global pandemic, resulting in a remarkable 57% reduction in such as Sustainable Aviation Fuels, is essential. We commit
absolute emissions compared to our base year in 2019. to exploring and incorporating innovative solutions that
Lever 6 Other emissions contribute to cleaner and more sustainable business travel.
Beyond 2030: net-zero
By implementing this, we will be well positioned to further
Financing our reduce our business travel emissions and align our practices
net-zero future with evolving sustainability standards. This proactive
Supporting our approach not only supports our environmental objectives
customers' journey but also enhances the overall resilience and adaptability
Other information of our organization in the face of global challenges.
Data and disclosure
Acronyms
Glossary
Disclaimer

24
Introducing our Lever 6 Other emissions
Net-Zero Transition Plan
Message from
our CEO
At a glance
Introduction
Within scope 3, in addition to the emissions Fuel-and-energy-related activities encompass the emissions
stemming from the generation and distribution of fuel and
Our approach associated with the aforementioned supply electricity. These emissions are anticipated to decline through
the implementation of initiatives which focus on reducing our
Governance
Stakeholder engagement
chain and business travel, it is crucial to energy consumption.

Climate-related risks consider other categories. Employee commuting accounts for emissions generated
and opportunities during the daily transport of employees from their homes to
Facilitating a just transition
their workplace, which accounts for the implementation of
remote work practices throughout the Company. This aspect
Promoting climate action
is being systematically addressed within our comprehensive
Our decarbonization mobility strategy.
journey
Lastly, emissions originating from waste generated in our
Overview
operations are contingent on factors such as the quantity
Carbon footprint and composition of the waste and the chosen management
Targets method (recycling, composting, incineration and landfill).
Roadmap to 2030 As part of our commitment to sustainability, we are actively
Lever 1 Vehicle fleet deploying waste reduction and recuperation initiatives,
ranging from strengthening the employee culture around
Lever 2 Buildings
waste management to engaging with key affiliates to
Lever 3 Renewable identify areas for improvement.
electricity
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

25
Introducing our Beyond 2030: net-zero Financing our net-zero future
Net-Zero Transition Plan
Message from
our CEO
At a glance This Net-Zero Transition Plan goes beyond merely meeting In alignment with our commitment to shape a net-zero Additionally, annual investments are consistently directed
Introduction our near-term targets by 2030. It also charts a course to future, we have undertaken significant green investments. towards ensuring that our electricity consumption originates
Our approach secure the necessary investment and collaboration for We are particularly focused on achieving a well-balanced from renewable sources. This commitment remains
achieving at least 90% reduction in our total carbon footprint and efficient use of capital and operational expenditure unchanged, even with the anticipated increase in electricity
Governance
across our entire value chain by 2050. for the purpose of decarbonization. consumption due to the electrification of buildings
Stakeholder engagement
and vehicles.
Climate-related risks We recognize the potential of high-quality carbon removals, With the execution of emissions reduction plans, affiliates
and opportunities or carbon offsets, as a SBTi-recognized mechanism to are diligently making significant efforts, accompanied by In the context of decarbonizing our supply chain, our
Facilitating a just transition
neutralize unavoidable emissions, in accelerating the global corresponding local investments, to fulfill their assigned investment emphasis is directed towards obtaining
transition to net-zero emissions. While we prioritize directly commitments, thereby contributing to the attainment of accurate and valuable data from suppliers.
Promoting climate action
reducing our emissions along a science-based trajectory, we global objectives.
Our dedication extends to aligning our investment plans
Our decarbonization will remain vigilant about developments in the carbon market.
journey At global level, our financial commitment associated with seamlessly with our long-term net-zero emissions target.

90%
decarbonizing our operations is principally motivated by This comprehensive approach ensures that every financial
Overview
a focus on operational excellence and the adoption of commitment that we make contributes significantly to
Carbon footprint renewable electricity. In this context, under the umbrella of our overarching sustainability goals and the broader global
Targets our EEB program, a dedicated annual Global Capex of CHF imperative to combat climate change.
Roadmap to 2030 3 million has been enabled to facilitate the implementation
Lever 1 Vehicle fleet reduction in our total carbon of projects designed to expedite the reduction of our energy
consumption and electrification. These investments are
Lever 2 Buildings
footprint across our entire value strategically designed to impact all our operations and
Lever 3 Renewable
electricity chain by 2050, achieving net-zero geographical areas, incorporating established technologies
with proven returns on investment.
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

26
 04
Introducing our
Net-Zero Transition Plan
Message from
our CEO
Our approach
At a glance
Introduction
Our approach
Governance
Stakeholder engagement

Supporting our
Climate-related risks
and opportunities
Facilitating a just transition

customers’
Promoting climate action
Our decarbonization
journey
Overview

journey
Carbon footprint
Targets
Roadmap to 2030
Lever 1 Vehicle fleet
Lever 2 Buildings
Lever 3 Renewable In this section
electricity
Lever 4 Supply chain Supporting our customers’ journey 28
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

27
Introducing our Supporting our customers’ journey
Net-Zero Transition Plan
Message from
our CEO
At a glance We support and contribute to our customers’ sustainability goals by helping them in their transformational change and implementation phases.
Introduction
We have set up a framework to help us provide more value to customers through a portfolio of sustainability services across four key topics:
Our approach
Governance
Topic Leading services
Stakeholder engagement
Climate-related risks Climate Helping clients reduce their • SBTi assessment and verification: helping clients formalize a clearly defined pathway to reduce GHG emissions, helping prevent
and opportunities GHG emissions through the negative impacts of climate change while also supporting futureproof business growth
Facilitating a just transition complete value chain • IECQ: independent assurance on carbon footprint reports in accordance with international standard ISO 14067,
Promoting climate action to avoid greenwashing
Our decarbonization Nature From sampling and testing • Supply Chain Biodiversity Impact: for many companies, the main impacts on biodiversity lie in their supply chain. We work with
journey to impact assessment, our customers to establish practical methods to source data, paving the way for more transparency of the biodiversity impacts
Overview we support companies in supply chains
Carbon footprint in responsible sourcing • Ballast water testing: ballast water sampling and testing helps clients meet their regulatory requirements and protect marine
Targets environments by reducing the transfer of invasive alien species
Roadmap to 2030 Circularity Pragmatic implementation • ISCC+ certification scheme: offers different chain of custody approaches to trace material back along the supply chain to its
Lever 1 Vehicle fleet solutions that increase origins. It can be applied to bio-based, renewable and circular raw materials and interconnects the entire supply chain, from
Lever 2 Buildings resource efficiency and cultivation and plastic recycling to plastic manufacturers and final products
waste reduction • Life Cycle Assessments (LCA): provide cradle to gate, in commodity supply chains around the world in accordance with the
Lever 3 Renewable
electricity
ISO 14040 and ISO 14044 standards
Lever 4 Supply chain Business risk Supporting companies as they • Social audits: support clients in the identification and mitigation of risks related to labor, ethics and human rights practices
Lever 5 Business travel mitigation ensure integrity along the in their operations and supply chain
Lever 6 Other emissions entire value chain for a more • Responsible Supply Chain Assessment: our tool and methodology are easily adaptable for industry or sector specific risks
sustainable impact on people, and impacts and can help organizations to mitigate human rights risks and adverse impacts across supply chains
Beyond 2030: net-zero
climate and nature • Corporate Sustainability Reporting Directive (CSRD): supporting customers in their double materiality assessment, gap analysis,
Financing our training and report preparation
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

28
 05
Introducing our
Net-Zero Transition Plan
Message from
our CEO
Our approach
At a glance
Introduction
Our approach
Governance
Stakeholder engagement

Other
Climate-related risks
and opportunities
Facilitating a just transition

information
Promoting climate action
Our decarbonization
journey
Overview
Carbon footprint
Targets
Roadmap to 2030 In this section
Lever 1 Vehicle fleet
Data and disclosure 30
Lever 2 Buildings Acronyms 31
Lever 3 Renewable Glossary 32
electricity
Disclaimer 32
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

29
Introducing our Data and disclosure
Net-Zero Transition Plan
Message from
our CEO
At a glance This report aims to enhance SGS’s transparency concerning In parallel, our ongoing investor disclosure remains steadfast In conclusion, our commitment to transparent reporting,
Introduction its carbon-related targets and initiatives, underscoring our through our participation in the CDP. This avenue allows us external assurance, adherence to global reporting standards
Our approach unwavering commitment to combat climate change and to transparently communicate our climate-related data and and recognition in esteemed sustainability indices collectively
align with the Paris Agreement. strategies to investors. affirm our dedication to driving positive environmental, social
Governance
and governance outcomes. This transparency is pivotal in
Stakeholder engagement To ensure accountability and openness, our progress will Moreover, our sustainability leadership is underscored by
fostering trust and collaboration with all our stakeholders as
Climate-related risks be annually reported in our annual integrated report. Notably, outstanding recognition across prominent ESG ratings.
we collectively strive for a sustainable and resilient future.
and opportunities SGS stands out as the first company in the TIC sector to These include acknowledgment in the Dow Jones
Facilitating a just transition
release a fully annual integrated report, merging financial Sustainability Indices (DJSI), Sustainalytics, Morgan Stanley
and non-financial results into a comprehensive document. Capital International (MSCI), EcoVadis, ISS ESG Corporate
Promoting climate action
Rating, FTSE4Good Index and Refinitiv Global Diversity &
More information in our annual integrated report.
Our decarbonization Inclusion Index. These accolades validate our commitment
journey In our pursuit of transparency, we consistently seek external to holistic sustainability practices and underscore our
Overview assurance from an independent third party, validating the position as a responsible corporate citizen.
Carbon footprint robustness and reliability of our data.
Targets Our commitment extends to aligning our reporting practices
Roadmap to 2030 with the recommendations of IFRS S2 (previously TCFD).
Lever 1 Vehicle fleet This commitment reflects our dedication to providing
stakeholders with comprehensive and consistent information
Lever 2 Buildings
on climate-related risks and opportunities.
Lever 3 Renewable
electricity
Lever 4 Supply chain
Lever 5 Business travel
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our Our corporate sustainability awards
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

30
Introducing our Acronyms
Net-Zero Transition Plan
Message from
our CEO
At a glance BAU GWP SDGs
Introduction Business As Usual Global Warming Potential Sustainable Development Goals
Our approach CDP IFRS TCFD
Governance Carbon Disclosure Project International Financial Reporting Standards Task Force on Climate-related Financial Disclosures
Stakeholder engagement
CO2 ISCC TIC
Climate-related risks Carbon dioxide International Sustainability and Carbon Certification Testing, Inspection and Certification
and opportunities
Facilitating a just transition
CO2e ISSB UNFCCC
Carbon dioxide equivalent International Sustainability Standards Board United Nations Framework Convention on Climate Change
Promoting climate action
Our decarbonization
COP KPI UNGC
journey Conference of the Parties Key Performance Indicator United Nations Global Compact
Overview CSRD LCA WBCSD
Carbon footprint Corporate Sustainability Reporting Directive Life Cycle Assessment World Business Council for Sustainable Development
Targets DJSI MSCI WRI
Roadmap to 2030 Dow Jones Sustainability Indices Morgan Stanley Capital International World Resources Institute
Lever 1 Vehicle fleet EACs PPAs WWF
Lever 2 Buildings Energy Attribute Certificates Power Purchase Agreements World Wide Fund for Nature
Lever 3 Renewable ESG SA30
electricity Environment, Social and Governance Sustainability Ambitions 2030
Lever 4 Supply chain
GHG SBTi
Lever 5 Business travel Greenhouse gas Science Based Targets initiative
Lever 6 Other emissions
Beyond 2030: net-zero
Financing our
net-zero future
Supporting our
customers' journey
Other information
Data and disclosure
Acronyms
Glossary
Disclaimer

31
Introducing our Glossary Disclaimer
Net-Zero Transition Plan
Message from
our CEO
At a glance The Paris Agreement Greenhouse gases (GHGs) This report is independent and distinct from SGS’s annual
Introduction integrated report, and it is not a legally-binding document,
Stated by the United Nations Framework Convention Gases which absorb and re-emit infrared radiation,
Our approach nor has it undergone external audit.
on Climate Change (UNFCCC), the Paris Agreement is thereby trapping it in Earth’s atmosphere. Includes carbon
Governance a “legally binding international treaty on climate change. dioxide (CO2), methane (CH4), nitrous oxide (N2O), The report contains infographics and diagrams that should
Stakeholder engagement It was adopted by 196 Parties at the Conference of the hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), be read alongside the text to avoid any misinterpretation
Climate-related risks Parties (COP) 21 in Paris, on 12 December 2015 and entered sulfur hexafluoride (SF6) and nitrogen trifluoride (NF3). or misunderstanding.
and opportunities into force on 4 November 2016. Its goal is to limit global
The Company assumes no responsibility for any revision of
Facilitating a just transition warming to well-below 2, preferably to 1.5 degrees Celsius, Carbon dioxide equivalent (CO2e) forward-looking statements included in the report due to new
compared to pre-industrial levels.”
Promoting climate action The universal unit of measurement to indicate the Global information or more recent developments, as they inherently
Our decarbonization Warming Potential (GWP) of each of the six greenhouse involve risks and uncertainties.
The Science Based Targets initiative (SBTi)
journey gases, expressed in terms of the GWP of one unit of Certain data presented in the report rely on assumptions
Overview Functioning as the lead partner of the Business Ambition for carbon dioxide. It is used to evaluate the impact of releasing and estimations, and the actual figures may vary from those
the 1.5°C campaign, the SBTi plays a pivotal role in mobilizing (or avoiding releasing) different greenhouse gases on a outlined herein.
Carbon footprint
companies globally to establish science-based targets common basis.
Targets aligned with the Paris Agreement. By defining and promoting The Company bears no responsibility for any decisions that
Roadmap to 2030 best practices in emissions reductions and net-zero targets, Residual emissions may be undertaken based on this material.
Lever 1 Vehicle fleet the SBTi aligns companies with climate science, urging them
to take effective action. Residual emissions represent the emissions that cannot be
Lever 2 Buildings completely eliminated despite implementing all available
mitigation measures contemplated in pathways that limit
For more information:
Lever 3 Renewable
Net-zero
electricity warming to 1.5°C with no or limited overshoot. In the context Ariel Bauer
Lever 4 Supply chain According to the SBTi, setting corporate net-zero targets of science-based targets, residual emissions refer to the
aligned with meeting societal climate goals means: company’s scope 1, scope 2 and scope 3 emissions that Group Vice President
Lever 5 Business travel Investors Relations,
(a) reducing scope 1, 2 and 3 emissions to zero or a residual remain once its long-term emissions reduction target has
Lever 6 Other emissions level consistent with reaching net-zero emissions at the been achieved. Communications & Sustainability
Beyond 2030: net-zero global or sector level in eligible 1.5°C scenarios or sector t: +41 (0)79 863 49 23
Financing our pathways and (b) neutralizing any residual emissions at the
net-zero future net-zero target date – and any GHG emissions released into Javier López Gómez
the atmosphere thereafter. Global Head
Supporting our
customers' journey Corporate Sustainability
Other information t: +34 913 13 80 00
Data and disclosure
e: [email protected]
Acronyms
Glossary
Disclaimer

32
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