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The volatility of the current environment has changed the nature and perception of project risk and requires new and innovative instruments to manage it. The 2009 Project Risk Symposium, being held in London on 17th June 2009, covers the different areas of risk and introduces the key instruments to handle them.

With many of the world’s largest economies in recession, investor and industry attention to the various risks facing vital infrastructure as well as traditional and alternative energy projects have increased, as project defaults or delays and cost overruns become untenable. In the first ever event of its kind to focus solely on the issue of project risk, leading experts on the subject will share their views on how such diverse risks can be managed effectively during Project Risk Symposium 2009 hosted by SGS. The symposium will be held on 17 June 2009 in London.

“In this economic environment, we are seeing customers demand more and more transparency and greater understanding of the risks involved before entering into large scale infrastructure, energy, mining, oil and gas or agricultural projects, whether it is from the investor or the sponsor side,” said Milena Stoyanova, Head of SGS Financial Services. “Assessing the diverse nature of risk today goes far beyond a traditional financial assessment of the project. Investors and sponsors want to understand and prepare for everything from market and political to technical and environmental risks, and every single thing in between,” she continued.

The symposium will feature experts from the industry covering risk areas that include: financial, political, legal, technical, operational, environmental and social risks. The symposium will also address the subject of sustainability in project finance. The day will consist of a mix of panel discussions and speeches and will feature guest speakers from the financial, risk management consulting and industry and regulatory worlds and SGS experts in the field of project risk management.

“We have seen a great deal of demand for these services of late. This event will bring across a comprehensive set of perspectives on the key issues related to project risk management from financiers, sponsors, industry experts and important stakeholders, such as regulators, and will go a long way to filling out the knowledge base in this area,” said Milena Stoyanova.

The symposium will be held on Wednesday 17 June 2009 at the Gibson Hall (13 Bishopsgate, London, EC2N 3BA). Visit the Project Risk Symposium 2009 website for more information, including a conference program and how to register.

SGS Project Finance Services range from technical and environmental due diligence and project monitoring, offering the widest variety of services to deliver the trusted technical information needed by banks, sponsors and equity investors to manage risks. The project portfolio reflects its extensive coverage of sectors and geographical locations and sets a benchmark for industry best practices.

For further information, please contact:

Outi Helena Maatta

SGS SA
1 place des Alpes
CH-1211 Geneva, Switzerland
t: +41 22 739 9161
m: +41 79 251 8218

About SGS

The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 55,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.