TATTVA

Introduction
The Carbon Disclosure Project (CDP) introduced a unified global reporting
framework aligned with International Financial Reporting Standards (IFRS) S2,
covering topics such as climate, forests, water, biodiversity, and plastics. This
initiative targets over 75,000 entities and aims to streamline reporting processes.
The collaboration between the Greenhouse Gas Protocol (GHG Protocol) and
the IFRS Foundation aims to harmonize GHG reporting with financial disclosure
standards. This Memorandum of Understanding (MoU) establishes joint
governance and updates, reinforcing their commitment to efficiently delivering
robust sustainability data. FedEx appointed Karen Blanks Ellis as the Chief
Sustainability Officer to execute its ESG strategy and oversee the FedEx Enterprise
Sustainability Council (FESC).

Institutional Shareholder Services (ISS ESG) launched an enhanced Modern Slavery

solution, helping investors monitor and report on modern slavery risks across
approximately 60,000 issuers globally, thereby helping in risk management and
industry benchmarking. Nestlé Travel Retail unveiled a new line of sustainably
sourced chocolates, a part of the Nestlé Cocoa Plan, in collaboration with the
Rainforest Alliance. These products, available exclusively in travel retail outlets,
address the increasing consumer demand for responsibly sourced goods,
emphasizing transparency in cocoa sourcing. The International Standards
Organization (ISO) is developing a standard for ‘net-zero aligned organizations’ at
COP30, integrating frameworks such as the GHG Protocol and SBTi. The standard
mandates companies to demonstrate progress toward decarbonization goals.
The Department of Justice (DOJ) and Federal Trade Commission (FTC) are
investigating Microsoft, Nvidia, and OpenAI for potential antitrust concerns in the AI
market.
JUNE 2024 | ISSUE 42

2 www.sganalytics.com
TATTVA

Index

MARKET TRENDS 04

COLLABORATION 06

PEOPLE MOVEMENTS 08

FINTECH 10

PRODUCTS & SERVICES 12

LAWS, POLICIES, & REGULATIONS 14

CONTROVERSIES 16
JUNE 2024 | ISSUE 42

3 www.sganalytics.com
TATTVA

MARKET TRENDS

Trends driving positive environmental and

social change
Businesses, financial institutions, and regulatory bodies have realized the significance
of addressing ESG risks and capitalizing on the underlying opportunities to adopt
sustainability. Catch the latest developments in industries from government
JUNE 2024 | ISSUE 42

mandates to revolutionary initiatives in this section.

4 www.sganalytics.com
 CDP launches new disclosure platform categories for financial products, with clear criteria
TATTVA

and sustainability indicators. Moreover, the ESAs

for climate and nature data recommend stricter disclosure requirements
and marketing rules to ensure transparency and
Carbon Disclosure Project
consumer understanding.
(CDP), a leading environmental
disclosure platform, has launched Source: ESG Today
a new system to streamline
global reporting standards. Aligned with IFRS S2
and other key frameworks, it covers topics such as
climate, forests, water, biodiversity, and plastics. Over
TNFD, EFRAG release mapping of
75,000 entities are invited to disclose data, aiming to correspondence
enhance efficiency and regulatory compliance while
empowering climate action and risk reduction. The Taskforce on
Nature-related
Source: CDP Worldwide Financial Disclosures
(TNFD) and European Financial Reporting Advisory
Group (EFRAG) have aligned European Sustainability
ICVCM endorses initial carbon credits Reporting Standards (ESRS) with 14 disclosure and
metrics recommendations, ensuring comprehensive
with core carbon principles coverage of nature-related disclosures. This
collaboration aids companies in understanding
The Integrity Council
commonalities for consistent reporting under the
for the Voluntary
Corporate Sustainability Reporting Directive (CSRD),
Carbon Market
promoting transparency and supporting sustainable
(ICVCM) has approved the first carbon credits under
development goals.
its core carbon principles label, setting a standard
for transparency in voluntary carbon markets. With Source: TNFD
support from 250 organizations, ICVCM aims to
ensure high-integrity projects that contribute to
global emission reductions, addressing market
challenges and promoting credible carbon offsetting Australia initiates mandatory climate
solutions. reporting and sustainable finance
Source: ESG BROADCAST reforms
Australia’s Treasury department
has unveiled a sustainable finance
GRI initiates update of standards for roadmap to drive the transition to a
reporting impact on workers net-zero economy. Key initiatives of this initiative
include mandatory climate-related financial
The Global Reporting Initiative (GRI) has disclosures starting 2025, a sustainable finance
launched a review of its labor-related taxonomy by late 2024, and a labeling regime for
standards to enhance transparency sustainable investments by 2027. The roadmap also
on workplace labor and human rights. aims to mobilize private capital and enhance market
This includes redrafted versions of three standards, transparency against greenwashing.
namely GRI 402: Labor/Management Relations, GRI
401: Employment, and GRI 202: Market Presence. Source: ESG Today
The initiative aims to align GRI standards with key
international instruments and include two further
consultations by updating 11 GRI standards over the EU establishes inaugural academy
next year.
under Net Zero Industry Act
Source: BDO
The European Commission has
launched the European Solar Academy
ESAs suggest new sustainability and to address the growing skills gap in
the solar photovoltaic sector. The
transition categories for financial academy aims to train 100,000 workers over three
products years through vocational training providers and
universities, supported by USD9.6mn funding. This
The European Supervisory Authorities initiative supports Europe’s energy transition and
(ESAs) have proposed significant industrial competitiveness goals under the Net Zero
updates to the Sustainable Finance Industry Act.
Disclosure Regulation (SFDR) to
JUNE 2024 | ISSUE 42

address greenwashing concerns and enhance Source: Rigzone

clarity for investors. Key changes include the
introduction of new ‘Sustainable’ and ‘Transition’

5 www.sganalytics.com
TATTVA

COLLABORATIONS

Companies joining forces to shape

sustainable solutions
ESG issues continue to grow in relevance, be it employee health & safety or climate
change. The impact is multifold in current times. Investor groups and corporates
are increasingly collaborating to address such issues and drive sustainability. The
JUNE 2024 | ISSUE 42

following are the major coalitions in the ESG space.

6 www.sganalytics.com
 Vattenfall partners with Cemvision for MAS, Ambercycle team up for textile
TATTVA

green cement deal regeneration

Vattenfall signed an agreement Sri Lanka-based MAS Holdings
with Cemvision, a cleantech and Los Angeles-based
startup, to develop and Ambercycle have partnered
supply low-carbon cement, to enhance textile-to-textile
reducing emissions by up to 95%. Cement production regeneration in the apparel
is a significant source of global CO2 emissions. industry. The three-year agreement focuses on
Cemvision, founded in 2020, offers an eco-friendly scaling Ambercycle’s cycora, a circular polyester,
alternative using recycled industrial waste and green aligning with MAS’s sustainability strategy to achieve
electricity. The partnership will support Vattenfall’s 50% revenue from sustainable products by 2025.
commitment to cleaner cement, especially for wind This collaboration aims to reduce the use of virgin
turbine foundations and other infrastructure. polyester and promote circularity, supporting the
industry’s shift toward more sustainable practices.
Source: ESG Today
Source: Know ESG

Microsoft inks largest-ever nature-

based carbon removal agreement Google, Deloitte collaborate to
with BTG Pactual promote climate action with digital
solutions
BTG Pactual Timberland
Investment Group (TIG) and Google’s new ‘Digital
Microsoft announced a long- Sprinters’ sustainability
term nature-based carbon report, commissioned by
removal agreement, with Deloitte, explores how digital
Microsoft purchasing 8 million technologies such as Artificial
tons of carbon removal credits Intelligence (AI) and Internet
through 2043. This transaction represents the largest of Things (IoT) can accelerate climate solutions,
known instance of a Carbon Dioxide Removal (CDR) especially in developing markets. The report
credit exchange to date. The agreement focuses on highlights the need for supportive public policies
reforestation and restoration in Latin America, aiming and strategic recommendations to drive digital
to protect and restore over 660,000 acres. This transformation for climate action. Key points of the
contributes to Microsoft’s goal of becoming carbon report include leveraging digital tech for emissions
negative by 2030. reduction; enhancing climate resilience; and focusing
on infrastructure, education, and innovation.
Source: ESG Today
Source: ESG News

Mizuho partners with LSEG to facilitate

client investments in carbon markets GHG Protocol, IFRS Foundation
Mizuho Financial Group has collaborate to advance GHG
partnered with London Stock emissions reporting standards
Exchange Group (LSEG) to
enhance the carbon credit GHG Protocol and the IFRS
market. The partnership will Foundation have signed an
offer Mizuho clients access MoU to enhance collaboration
to investment funds and companies with LSEG’s between GHG Protocol and
Voluntary Carbon Market (VCM) designation, the International Sustainability
promoting decarbonization projects. Additionally, the Standards Board (ISSB), which oversees IFRS
partnership aims to provide clients with information Sustainability Disclosure Standards. The collaboration
about carbon credits, thereby building on a aims to align GHG emissions reporting standards
sustainability-focused collaboration between the two with financial reporting requirements, ensuring
companies initiated in 2022. compatibility and reducing the burden on reporting
organizations. The MoU establishes governance
Source: ESG Today for joint updates and decisions, reinforcing their
commitment to supporting capital markets with
robust sustainability information.
JUNE 2024 | ISSUE 42

Source: ESG News

7 www.sganalytics.com
TATTVA

PEOPLE MOVEMENTS

Thought leadership through key hires

Companies across the globe are demanding analysts, strategists, and knowledgeable
professionals to understand and drive their ESG data, strategies, and solutions for a
range of stakeholders. This section brings you the latest movements of such highly
skilled professionals in the ESG sector.
JUNE 2024 | ISSUE 42

8 www.sganalytics.com
 FedEx appoints Karen Blanks Ellis as EY Luxembourg hires Raphael Betti as
TATTVA

new Chief Sustainability Officer Climate Change and Sustainability

Karen Blanks Ellis was
Services Leader
welcomed by FedEx as the EY Luxembourg welcomed
Chief Sustainability Officer. She Souleymane Ba Raphael
will be responsible for executing Betti as the Climate Change
the firm’s ESG strategy and and Sustainability Services
tracking progress against goals, Leader. In his new role, he will
along with chairing the FedEx work on strengthening the
Enterprise Sustainability Council firm’s position in sustainability
(FESC). She will supervise the consulting. Moreover, he will
sustainability divisions of each operating company be instrumental in driving EY’s
and the organization’s Environmental Management sustainability initiatives.
System.
Source: ESG News
Source: ESG Today

Universal Music Group forms global

Kimberly-Clark welcomes Lisa Morden
impact team
as Chief Sustainability Officer
Kimberly-Clark appointed
Lisa Morden as the Chief
Sustainability Officer. She will
be leading the company’s
sustainability function.
Moreover, she will be
responsible for operationalizing
the company’s climate and Universal Music Group appointed Susan Mazo as
sustainability-related initiatives, EVP Chief Impact Officer, Dylan Siegler as Head
with a team of global program leaders. of Sustainability, Menna Demessie as SVP and
Source: ESG Today Executive Director, Sharlotte Ritchie as Senior Director,
and Markie Ruzzo as the VP Global Impact team’s
leadership. This team is formed to enact and
amplify the company’s vision for positive change
abrdn welcomes a series of new through community engagement, environmental
sustainability, events, and special projects.
senior sustainability-focused
appointments Source: ESG News

KeyBank hires Marissa Brydle as

Sustainability Director
Marissa Brydle was welcomed
by KeyBank as Sustainability
Director to spearhead climate
initiatives. She is responsible
for the development and
abrdn appointed Sarah Moody as the Chief
execution of climate strategies
Corporate Affairs & Sustainability Officer and
and disclosures. She will be
Kristina Church as the Global Head of Corporate
the primary contact with
Sustainability. Sarah Moody is responsible for
representatives of various
accelerating the sustainability agenda, by bringing
stakeholder groups, including investors and
together sustainable leads across investments,
disclosure organizations.
platform, and corporate sustainability. Kristina
Church will lead the corporate sustainability team. Source: ESG News
Source: ESG Today
JUNE 2024 | ISSUE 42

9 www.sganalytics.com
TATTVA

FINTECH

Innovation in sustainable investing

The fintech section captures various innovations in the data analytics, software
solutioning, and technology space that benefit both investors and data providers.
Learn about the most groundbreaking technologies leading their way to ESG.
JUNE 2024 | ISSUE 42

10 www.sganalytics.com
 Bloomberg unveils new sustainability EcoOnline launches CSRD
TATTVA

management and reporting tools sustainability reporting solution

Bloomberg has introduced EcoOnline has unveiled a
new sustainability new Corporate Sustainability
management and reporting Reporting Directive (CSRD)
tools within its PORT analytics solutions, enabling assessment capability within its ESG software. The
investors to measure, manage, and report on ESG capability is designed to streamline data collection
characteristics. Key features of these tools include for CSRD compliance. Key features of the capability
access to Sustainable Finance Disclosures Regulation include GHG emissions calculations, physical
(SFDR)-mandated indicators, carbon footprint data, climate risk analysis, audit-ready workflows, and
and enhanced reporting capabilities. This addresses comprehensive data collection, enabling efficient,
the growing need for sustainable investment data-driven sustainability reporting.
strategies and regulatory compliance. Source: ESG Today
Source: ESG Today

Wolters Kluwer launches carbon

Workiva introduces new carbon data emissions reporting solution
management solution
Wolters Kluwer
Workiva has launched has introduced
Workiva Carbon, a solution CCH Tagetik ESG
designed to help companies & Sustainability for Carbon Emissions, a new tool
collect, manage, and report for managing and reporting Scope 1, 2, and 3
GHG emissions data. The solution addresses rising carbon emissions. Key features of the tool include
sustainability reporting demands and regulatory automated data integration, pre-configured
requirements, offering features such as real-time emissions factors, and AI-powered reporting. They
data collection, automated emissions calculations, enhance compliance with CSRD, IFRS, SASB, and GRI
and comprehensive reporting capabilities. standards.
Source: ESG Today Source: ESG Today

ISS ESG launches enhanced modern Bursa Malaysia launches CSI solution
slavery monitoring solution to enhance ESG practices
ISS ESG has launched an Bursa Malaysia has
improved Modern Slavery introduced the Centralized
solution to help investors Sustainability Intelligence
monitor and report on modern slavery risks in their (CSI) solution to boost
portfolios. The solution features a comprehensive ESG integration among Malaysian companies. The
scorecard and portfolio report, covering around solution aids in carbon emissions assessment and
60,000 issuers globally and facilitating risk sustainability reporting by aligning with international
management and industry benchmarking. standards. Moreover, it supports the Minister of
Investment, Trade & Industry (MITI)’s industrial and
Source: ESG Today
sustainability goals, promoting preferential financing
for decarbonizing businesses.
Source: fintech global
JUNE 2024 | ISSUE 42

11 www.sganalytics.com
TATTVA

PRODUCTS AND
SERVICES

Industry demands met with sustainable

investment products and ESG data & services
As businesses work toward getting ESG-compliant and investors channel their funds
into ESG products, the market is gearing up to facilitate all forms of products and
services. In this section, you will find news on key products and services including the
JUNE 2024 | ISSUE 42

launch of climate change-targeted funds as well as ESG data and services.

12 www.sganalytics.com
 Invesco launches MSCI global climate SkyNRG initiates Project Runway,
TATTVA

500 ETF with Varma with Microsoft joining as a founding

Invesco Ltd. has launched
partner
the Invesco MSCI Global SkyNRG announced the
Climate 500 ETF (KLMT) launch of ‘Project Runway’,
with a USD1.6bn investment a new Book & Claim
from Finnish pension insurer initiative aimed at helping
Varma. The ETF aims to companies and airlines
meet institutional demand by tracking the MSCI access Sustainable Aviation
ACWI Select Climate 500 Index, which focuses on Fuel (SAF) to manage their
companies with strong climate criteria. This provides carbon footprints. In this initiative, Microsoft has
a cost-effective, tax-efficient, and liquid investment joined as the founding corporate member and
vehicle tailored to Varma’s responsible investing initial claims buyer. The initiative allows airlines and
goals. companies to purchase SAF and offset emissions
Source: ESG News even if the fuel is consumed elsewhere, separating
physical SAF from its environmental benefits.
Source: ESG Today
Peab issues green bonds to fund
green buildings and manage pollution
RepRisk introduces due diligence
Peab has issued green bonds
totaling USD141mn, which
scores for targeted ESG risk
attracted approximately assessment
150 investors. These bonds, maturing in 3 and 4.5
years with variable interest rates, will support Peab’s RepRisk, an ESG data science
initiatives in green buildings, clean transportation, company, has launched
and eco-efficient production processes, contributing Due Diligence Scores, a new
to its goal of climate neutrality by 2045. solution designed to help
investors and businesses
Source: ESG News identify specific ESG risks across a broad spectrum
of themes. The solution responds to increasing
regulatory demands, such as the EU’s Corporate
Nestlé launches sustainable Sustainability Due Diligence Directive (CSDDD), by
offering detailed and timely data on ESG risk factors.
chocolates for travelers
Source: ESG Today
Nestlé Travel Retail has launched
a new range of sustainably
sourced chocolates, exclusively
available in travel retail outlets.
This initiative, part of the Nestlé
Cocoa Plan in partnership with the
Rainforest Alliance, aims to meet
the rising consumer demand for responsibly sourced
products, featuring customizable chocolate bars
and emphasizing transparency and sustainability in
cocoa sourcing.
Source: ESG Dive
JUNE 2024 | ISSUE 42

13 www.sganalytics.com
TATTVA

LAWS, POLICIES, AND

REGULATIONS

Major policies that pave the way to

disclosure in the industry
Policy reformation and amendments in the ESG reporting space are at an all-time
high. What started as a voluntary disclosure is now making its way to becoming
mandates. Be it sustainable investments standards or climate change reporting
JUNE 2024 | ISSUE 42

mandates and transparency in governance practices, we bring you the latest

regulatory updates in this section.

14 www.sganalytics.com
 Denmark plans carbon tax on Swiss Federal Council opts for
TATTVA

livestock emissions self-regulation on financial sector

Denmark’s government planned
greenwashing
to introduce a carbon tax on The Swiss
livestock emissions as part of a Federal
‘Green Tripartite’ agreement with Council
environmental organizations and has
agricultural sector associations and decided
unions. The livestock sector, responsible for 14.5% not to
of global GHG emissions, faces challenges such as regulate greenwashing in the financial sector, instead
deforestation, land and water use, and ethical animal allowing industry associations to self-monitor. The
treatment. decision follows the publication of a document in
Source: ESG Today December 2022, outlining its position on preventing
‘eco-dark’ money laundering. The Council’s proposals
include transparency principles, which direct financial
service providers to describe their sustainability
Canada passes bill to regulate approach and regular reporting on sustainability
targets. The Swiss Asset Management Association
greenwashing
(AMAS), Swiss Bankers’ Association (SBA), and Swiss
Canada passed Bill C-59, which Insurance Association (SIA) welcomed the decision.
added significant changes to Source: Solandais
the Competition Act to regulate
greenwashing. The changes
require environmental claims ESAs recommend coherent framework
to be substantiated, private actions against
companies alleged to have contravened the Act and for SFDR
environmental certificates. These changes add to
The European Supervisory
the international greenwashing legislation, increasing
Authorities (ESAs) have published
litigation and enforcement risks.
a joint opinion on the Sustainable
Source: Carbon Herald Finance Disclosure Regulation
(SFDR), recommending a coherent
framework for the green transition
ISO to develop a standard for and enhanced consumer protection. They
recommend simple categories for financial products,
‘Net-Zero’ aligned organizations
a sustainability indicator, and consumer testing.
The International Source: EIOPA
Standards
Organization (ISO)
set to develop a
standard for ‘net- European council adopts regulation to
zero aligned organizations’ at the Conference of the restore EU land and sea
Parties (COP30). The standard will refer to existing
frameworks, such as the GHG Protocol and SBTi, and The European Council adopted a
the Transition Plan Taskforce (TPT). The standard will first-of-its-kind regulation on nature
also require companies to demonstrate progress restoration, aiming to restore at
toward decarbonization goals. least 20% of the EU’s land and sea
areas by 2030 and all ecosystems
Source: Real Economy Progress
in need of restoration by 2050. The
regulation aims to mitigate climate
change and natural disaster effects, help the EU
fulfil its international environmental commitments,
and restore European nature. Additionally, it covers
terrestrial, coastal, freshwater, forest, agricultural, and
urban ecosystems, and requires member states to
prioritize ‘Natura 2000’ sites for restoration measures.
Source: ESG News
JUNE 2024 | ISSUE 42

15 www.sganalytics.com
TATTVA

CONTROVERSIES

Global sustainability watchdogs chasing

wrongdoers
Do companies follow their ESG commitments? Tracking corporate controversies
helps in investment decisions and enables stakeholders to determine whether the
companies are being fair to their commitments or merely greenwashing. We bring
JUNE 2024 | ISSUE 42

you the top controversies in this section.

16 www.sganalytics.com
TATTVA

Workers at Canada’s Bombardier Environmental activists secure historic

to continue strike as union rejects victory against UK oil well project
company’s proposal The UK’s Supreme Court ruled that planners must
Canadian workers’ union Unifor announced that its consider the impact of emissions on global warming
members at Bombardier will continue their strike before approving oil wells, a landmark decision
after rejecting a ‘final proposal’ from the company. for climate activists. The court quashed a plan
The 1,350 workers involved in building Bombardier’s to expand an oil site near Gatwick Airport, citing
long-range Global series aircraft began striking on unlawful planning permission that ignored GHG
June 22 due to unmet union priorities. Negotiations emissions. This ruling, seen as a pivotal moment
will continue, but Bombardier hasn’t commented. in halting fossil fuel projects, was welcomed by
environmentalists. The Department for Energy
Source: Reuters Security and Net Zero did not immediately comment
on this ruling.
Source: The Standard

Emirates fined USD1.5mn for flying in

restricted airspace
The U.S. Transportation Department fined Emirates
USD1.5mn for operating flights with JetBlue Airways’
code in restricted airspace between December
2021 and August 2022, violating Federal Aviation US regulators involved Microsoft,
Administration (FAA)’s prohibitions and a prior
Nvidia, and OpenAI in antitrust
consent order. Emirates, citing air traffic control
directives, stated they no longer operate such flights investigation
over Iraqi airspace.
The Department of Justice (DOJ) and Federal Trade
Source: Avi Trader Commission (FTC) are investigating Microsoft,
Nvidia, and OpenAI for AI market dominance. DOJ
targets Nvidia for potential antitrust issues, while FTC
examines OpenAI and Microsoft, including Microsoft’s
significant investment in OpenAI’s for-profit
subsidiary. Separately, the FTC is probing Microsoft’s
JUNE 2024 | ISSUE 42

USD650mn acquisition of AI startup Inflection AI. The

companies were not available for comment outside
regular business hours.
Source: NewsMax

17 www.sganalytics.com
TATTVA

Austrian regulators fine Raiffeisen for Walmart Inc., Capital One reach a
lapse in money laundering controls settlement in their credit card lawsuit
Austria’s Financial Market Authority fined Raiffeisen Walmart Inc. and Capital One have resolved their
Bank International over USD2.1mn for money lawsuit over their credit card partnership, which
laundering control lapses. The penalty, Austria’s began in 2018, with Capital One providing private-
largest, resulted from failures in anti-money label and co-branded credit card services. In April
laundering checks involving banks in Cuba and 2023, Walmart sued to terminate the contract, citing
Bahrain. Raiffeisen plans to contest the fine by delays by Capital One in posting transactions and
denying the allegations amid ongoing scrutiny from replacing lost cards. The terms of the settlement
US authorities regarding its Russian business ties. remain undisclosed.
Source: Reuters Source: NWA Online
JUNE 2024 | ISSUE 42

18 www.sganalytics.com
TATTVA

SGA BLOGS
“Measuring the ROI of Sustainability to Drive Profitability and Purpose”
Read More...

“ESG Trends to Watch Out For in 2024” Read More...

“Radical Transparency: Enabling Businesses to Navigate the Green Marketing

Landscape” Read More...

“Embracing Sustainable Fashion: Sustainable Clothing & Fashion Brands in 2024”

Read More...
JUNE 2024 | ISSUE 42

19 www.sganalytics.com
TATTVA

SGA NEWSLETTER
TEAM
• Shubhshree Pareek • Akshitha Kariappa
• Mukta Joshi • Shraddha Gandhi
• Shubham Athalye • Gourav Choudhary
• Sagar Khirade • Santosh Naik
• Deepthi R
JUNE 2024 | ISSUE 42

20 www.sganalytics.com
Disclaimer

This document makes descriptive reference to trademarks that may be owned by others. All currencies are converted
to USD for uniformity purposes. The rate used is as on the date of article published. The use of such trademarks herein
is not an assertion of ownership of such trademarks by SG Analytics (SGA) and is not intended to represent or get
commercially benefited from it or imply the existence of an association between SGA and the lawful owners of such
trademarks. Information regarding third-party products, services, and organizations was obtained from publicly
available sources, and SGA cannot confirm the accuracy or reliability of such sources or information. Its inclusion
does not imply an endorsement by or of any third party.
Copyright © 2024 SG Analytics Pvt. Ltd.

www.sganalytics.com

Pune | Hyderabad | Bengaluru | London | Zurich | New York | San Francisco | Toronto | Amsterdam | Wroclaw GET IN TOUCH