SGS announces its intention to withdraw from the CDM market and, in due course, to surrender its UNFCCC CDM accreditation.
SGS’ decision reflects the continuing contraction in the CDM market and its continuing concerns with the costs and risks associated with the CDM accreditation process. As such, the case for relocation to India which we had originally considered is no longer viable. SGS will endeavour to fulfil all existing contracts but will not be entering into new agreements for validation or verification activities.
SGS thanks all its clients for their custom over the last ten years and regrets that the current state of the carbon market prevents our continued involvement. It will be contacting all involved customers to discuss this announcement and ensure that plans are in place to manage all outstanding contracts. It will then be contacting the UNFCCC with a view to discussing the timetable and process for withdrawal.
SGS continues as an active participant in the climate change arena, with a strong presence in Emission Trading Schemes around the world; a well-established business looking at voluntary carbon footprinting initiatives; and new initiatives around water inventories and project finance under development. It intends to work closely with other regulatory bodies to explore ways of continuing to provide high-quality, credible verification in support of broader-based climate projects that can take the full range of social and economic co-benefits into account in a way that CDM has not always achieved. It is also investing in the development of new services to support emerging carbon capture initiatives.
CCP Appeals and Disputes Procedure Brochure (PDF 65KB)
CCP Complaints Procedure Leaflet (PDF 53KB)
For more information, please contact:
Nicolas Kyndt
Business Development Manager Environmental Services
SGS Group Management SA
1 place des Alpes
CH - 1211 Geneva 1
t: +41 22 739 95 25
f: +41 22 739 98 50
About SGS
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.