SGS, a forerunner in global testing and verification services, has purchased Aster Global, a leading provider of expertise in sustainability. As a consequence, this acquisition puts Aster Global under SGS’s Environmental Solutions offerings which enhances SGS’s position as a leader in the TIC industry.
This acquisition is consistent with the sustainability targets of SGS and their efforts to respond to climate change. With Aster Global’s expertise in GHG validation and GHG verification, SGS intends to strengthen its role as a leader in CSR and environmental management. Today’s global marketplace aggressively put in place climate regulations and demands sustainable solutions.
With the strategic vision, SGS is leading the way towards sustainability
Strategy 27 of SGS is geared towards fostering self-sustaining development while still complying with regulation and meeting market demands. As Aster Global now strengthens the SGS network, SGS is set to deepen their sustainability consulting and carbon offset projects along with environmental monitoring.
The discussions surrounding the rationale of this acquisition were shared by Frankie Ng, CEO of SGS.
“This alliance allows us to provide greater value to our clients around the globe. Together, we will advance sustainability and corporate social responsibility.”
Aster Global Strengthens SGS Competencies
Aster Global is a very reputable organization in GHG verification, sustainability reporting, and environmental auditing. The company has aided numerous businesses in reducing their carbon footprint and adopting sustainable business practices. With SGS, Aster Global has the deepest knowledge of ESG assurance and climate action ESG.
This acquisition enhances SGS’s capability to provide relevant certification services, inspection services, and even bespoke services to corporations seeking sustainability disclosures. A greater emphasis on corporate sustainability will enable the combined team to meet pressing environmental compliance requisites .
Global sustainability circuit
The acquisition is aimed at allowing SGS to comply with the increasing number of global requirements for sustainable operations. Companies today have changed their focus to environmental stewardship and compliance with the environmental policies to be able to compete[6] environmental policies.
SGS has taken steps to increase the integration of sustainability solutions and increase the environmental performance of their clients further enhancing their credibility as a reputable partner for organizations with emissions reduction goals.
Aster Global has significant experience in forestry services, ecosystem services, and environmental assessments that will now augment SGS’s offerings. This collaboration guarantees that businesses will receive the requisite advanced support needed for sustainability disclosures and achieving long term sustainable growth.
Impact on The Industry
SGS’s acquisition of Aster Global signifies an emerging pattern within the TIC industry. The major players seem to be expanding their sustainability expertise to cater to the increasing market needs. With this acquisition, SGS has placed emphasis on environmental responsibility which allows for the provision of innovative solutions and sets the pace for the industry.
The acquisition also shows a clear intent of commitment towards sustainability leadership. With this acquisition, SGS gains further strength in sustainable innovation which will directly influence the development of the environmental consulting sector. It is expected that this move will have a favorable impact on the company’s financial standing and market share.
Commitment to A Sustainable Future
SGS will continue to provide sustainable solutions that attends to the specific requirements of the client while taking into consideration the environmental priorities.
Such acquisition gives the company added conviction in its leadership in sustainability consulting. SGS and Aster Global together have the know-how to provide scalable and innovative solutions for many businesses across the globe – true game changers! This partnership represents progress in the shift towards a greener and more accountable economy.