Hong Kong, 19 September 2024 – SGS in Hong Kong has been acknowledged by the Asia Carbon Institute for their expertise in validating and verifying carbon mitigation projects, solidifying its role in the fight against climate change through the validation and verification of carbon reduction and sequestration projects.

Addressing Climate Change with Trusted Expertise 

Climate change remains one of the most critical challenges faced by nations and businesses worldwide. SGS is at the forefront of efforts to mitigate environmental impact, focusing on decarbonisation strategies that help mitigate climate risk and reduce greenhouse gas (GHG) emissions. By offering validation and verification services for carbon reduction and sequestration claims, SGS ensures the credibility of high-quality carbon credits under the ACI Program, which are essential in achieving the mission of Asia Carbon Institute to support the region.

Importance of Voluntary Carbon Market

The voluntary carbon market plays a pivotal role in connecting private capital with sustainability-focused projects that enhance climate impact. Through carbon credit certification programs, individuals and corporates can indirectly finance projects that reduce GHG emissions beyond their immediate reaches in the value chains. This market is crucial for driving the global transition towards a carbon-neutral economy.

SGS’s Commitment to Decarbonisation

SGS is committed to supporting its customers on their journey towards decarbonisation and achieving global net-zero targets. With recognition from the Asia Carbon Institute’s Program as an accredited Validation and Verification Body (VVB), SGS is positioned to play a critical role in fostering a robust voluntary carbon market in Asia. This recognition underscores SGS’s ability to conduct impartial assessments, ensuring that projects meet the stringent requirements and high standards necessary for the issuance of credible carbon credits.

SGS’s Contribution to Sustainable Practices

As the world’s leading testing, inspection and certification company, SGS plays a crucial role in the validation and verification of sustainable technology projects and practices around the globe. By working closely with Asia Carbon Institute, SGS ensures that registered projects meet the international standards, contributing to the integrity and credibility of carbon credits in Asia.

Miranda Kwan, Director of Business Assurance, SGS in Hong Kong said: “We are honoured to be recognised by Asia Carbon Institute as a competent Validation and Verification Body. This acknowledgment reflects our unwavering commitment to supporting the global decarbonisation agenda. By providing trusted verification services, we are helping to build a more sustainable future and ensuring that the carbon credits meet international standards, thereby fostering greater confidence in the voluntary carbon market.”

Photo includes Asia Carbon Institute representatives: Mr. John Lo – Founder (Right 2) and Mr. William Chan – Founding Officer (Left 2); SGS representatives: Mr. Steven Du – Head of Asia Pacific (Middle), Ms. Miranda Kwan – Director of Business Assurance (Right) and Mr. Calvin Wong – Head of Sustainability Assurance Services (Left)