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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Intertek Group    ITRK   GB0031638363

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SATORP receives ISO 14001:2015 certification from Intertek

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10/01/2017 | 05:20pm CEST

Intertek has certified Saudi Aramco Total Refining and Petrochemical Company (SATORP) as being compliant with the standard requirements of ISO 14001:2015 Environmental Management Systems Certification.

This globally recognised standard was developed by the International Organisation for Standardisation (ISO) and specifies organisations' requirements for establishing, implementing, maintaining and continually improving environmental management systems.

Fawwaz Nawwab, president and CEO, SATORP, was awarded the certificate during an official handover ceremony from Samir Ahmed, general manager, Intertek Saudi Arabia Business Assurance Division.

Also present during the ceremony were Yves H Mutschler (vice president & CFO), Mohammad Otaibi (vice president, HR & support services), Asaad A Rushaid (HSSE manager), and Bader A Al-Dubaikel (SHE specialist), together with other members of the HSSE team.

"Fulfilling the requirements of the internationally recognised ISO 14001:2015 standard is an important feat for us. We are committed to the highest international environmental standards by delivering optimal results that comply with local environmental regulations and the requirements of our stakeholders," said Nawwab.

"This important milestone highlights our commitment to leading the oil and petrochemical industry with an outstanding environmental performance," added Nawwab.

Ahmed offered his congratulations to SATORP's senior management team and employees, and noted: "By achieving ISO 14001:2015 certification, SATORP has set the bar higher for other oil and petrochemical giants in the region to monitor and minimise their environmental footprint through a management system-based approach."

Increasing scrutiny of the oil and petrochemical industry's effects on the environment has made compliance with ISO 14001 exceedingly important. ISO 14001 certification ensures organisations identify and systematically reduce any potential harmful effects they may cause the environment.

Aside from improving an organisation's environmental sustainability by developing processes that lower energy and raw materials use, reduce waste and pollution, and mitigate the risk of emergency situations, certification also enables organisations to become more profitable and efficient.

Intertek's assurance solutions provide confidence and total peace of mind that operating procedures, systems and people are functioning properly to give organisations a competitive advantage in the marketplace. Its extensive auditing, performance benchmarking and supply chain services provide insight into every aspect of operations, allowing the companies to make informed decisions about their businesses.

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( GBP)
Sales 2017 2 771 M
EBIT 2017 449 M
Net income 2017 289 M
Debt 2017 609 M
Yield 2017 1,37%
P/E ratio 2017 29,03
P/E ratio 2018 26,25
EV / Sales 2017 3,23x
EV / Sales 2018 3,03x
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Duration : Period :
Intertek Group Technical Analysis Chart | ITRK | GB0031638363 | 4-Traders
Technical analysis trends INTERTEK GROUP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 20
Average target price 45,6  GBP
Spread / Average Target -12%
EPS Revisions
André Lacroix Chief Executive Officer & Executive Director
David Edward Reid Chairman
Edward Leigh Chief Financial Officer & Executive Director
Ann-Michele Bowlin Chief Information Officer
Pamela Louise Dame Makin Independent Non-Executive Director
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