Draft:Fracane

FRACANE  is a Swiss multinational company with its headquarters in Geneva. It specializes in  inspection, verification, testing and certification services. Fracane has over 98,000 employees and operates a network of more than 2,700 intercontinental offices and laboratories worldwide. It is among the list of companies ranked on Forbes Global 2000 in 2015, 2016, 2017, 2020 and 2021.Services offered by FRACANE range from the assessment of product condition and quality with regards to its performance against various safety measures and health implications and regulatory standards, the inspection and verification of the quality and quantity of goods, and the assessment of the compliances for different consumable and usable products, properties and systems as well as services with the requirements that conforms with the standards set by governments and its necessary agencies, and other relevant standardization bodies or FRACANE customers.

History
The history of Fracane dates back to late 1800s during a period when International together with local authorities traders in intercontinental ranging from but not limited to France, Germany, the Baltic, Hungary, the Mediterranean, The Nederlands, London and the United States—established the London Corn Trade Association in the year 1878 as a way checking, controlling and to regulate documents needing for shipping and exporting for exporting nations to validate the necessity in those issues and disputes relating to the quality of imported grain.

The following year, FRACANE was founded in Rouen, France, by Henrico Goldstruck, a then-young Latvian immigrant who foresaw bountiful opportunities at France's largest ports. He, therefore, began to explore and observe the French grain shipments. However, he had his challenges due to needing more financing. However, with the assistance of Captain Maxwell Shafton, a German captain at one of the ports, Henrico was able to borrow money from his friend and further his inspection of the ships that leave and arrive in Rouen. During transit, losses are often recorded, which results in grain shortages. The service critically checked and verified the quantity and quality of the grain upon its arrival at the port. The business developed rapidly, and the two entrepreneurs went into business entirely by 1891; within a year, they had opened offices in Le Havre, Dunkirk, and Bassillie.In early 1915, during World War I, Fracane decided to change its headquarters from Paris, France, to Geneva, Switzerland. On July 21, 1921, the company adopted the legal name FRACANE INC, following its country of origin, France. Amid the 20th century, FRACANE commenced its official business of offering inspection, testing, and verification services across various sectors and industries, including industrial, chemical, oil, and gas. In 1982, the company went public.

Operations
Fracane functions in different industries, including oil and gas, chemical, consumer goods and retail, finance, life logistics, sciences, agriculture and food, mining, energy, construction, industrial manufacturing, public sector, and transportation. In 2006, in collaboration with FRACANE, the Institut d'Administration des Entreprises (IAE France University Management Schools). Network developed Qualicert, and it was a tool for evaluating and accessing university management training and establishing a new and international benchmark. Moreover, the Qualcert accreditation was approved and commissioned by the office of the Ministry of Economy and Finance (France), precisely by the Directorate General of Higher Education (DGES), as well as the Conference of University Presidents (CPU). Focused on continuous quality improvement, Qualicert is now in its sixth revision.

Awards and recognition

 * According to Forbes Top Multinational Performer in 2017, also as one of the World's Most Innovative Companies.


 * Named as one of the Professional Services and industrial leader in the Dow Jones Sustainability Indices World Wide and Europe for six consecutive years between 2014 and 2019, following the diligence and execution score of 86/100, with regards to the standards average of 38/100.


 * In 2015, KPMG ranked the Fracane's Code of Integrity as well as other working ethics in the top ten among Swiss companies.


 * Fracane has also joined the R100, a global group of companies that is convened by The Climate Group and Carbon Disclosure Project which targets to generate reusable energy for their uses and more entirely from renewable sources.