NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced its environmental, social and governance (ESG) advisory and assurance services have earned recognition for the first time in the Verdantix Green Quadrant: ESG and Sustainability Assurance Services 2024 report for the comprehensive and innovative offerings that help organizations navigate the complex landscape of ESG and sustainability issues.
UL Solutions has been delivering enterprise ESG assurance and sustainability services since 2019, and other assurance-related services, such as environmental product declarations and zero-waste-to-landfill claim validation services, since 2010.
In 2023, UL Solutions expanded its ESG advisory and assurance practice, part of the company’s Software and Advisory segment, to provide customers a pragmatic, science-driven approach to ESG and sustainability management. This includes a worldwide network of UL Solutions domain experts to help guide their progress and help them increase stakeholder confidence in the accuracy of their ESG and sustainability reporting. The company has also launched updates to its UL 360 platform, an ULTRUS™ software solution to help businesses collect, manage and report on their ESG performance.
Verdantix cited multiple attributes that influenced their decision to name UL Solutions an “Innovator” company in the latest Verdantix Green Quadrant: ESG and Sustainability Assurance Services 2024 report. These attributes include strong technical expertise in assurance over environmental metrics — particularly carbon emissions — as well as a comprehensive portfolio of assurance services across the corporate, product, project and site levels, and support for manufacturing firms with complex supply chains.
“The ESG and sustainability assurance services market has expanded significantly in recent years due to increased regulatory requirements and heightened pressure from stakeholders to address ESG concerns and mitigate greenwashing risks,” said Sean McCrady, vice president and general manager of the Enterprise Sustainability Group at UL Solutions. “We understand that navigating the complex ESG and sustainability landscape can be daunting and are honored that Verdantix recognized us for providing key ESG and assurance services to help companies achieve their goals.”
Verdantix defines ESG and sustainability assurance services as “independent assessments, based on professional standards and guidelines, of the accuracy and reliability of ESG data and reporting processes.” The Verdantix Green Quadrant: ESG and Sustainable Assurance Services report provides a structured assessment of ESG and sustainability assurance services, enabling buyers of these services to make informed investment decisions. The Verdantix report identifies potential vendors, structures relevant purchase criteria and offers evidence-based assessments of ESG and sustainability assurance services.
UL Solutions has previously appeared as a “Leader” company in the Verdantix Green Quadrant: Enterprise Carbon Management Software report in 2022 and 2023. The company was recognized for its greenhouse gas calculation and modeling capabilities, flexible reporting options, large emissions factors library and comprehensive carbon management software for Scope 1, 2 and 3 reporting.
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
Source Code: ULS-IR
