UL Solutions Inc

Common Name
UL Solutions
Country
United States
Sector
Industrials
Industry
Specialty Business Services
Employees
14,813
Ticker
ULS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Website
www.ul.com
Description
UL Solutions Inc. is a leading global safety science company, providing a diverse range of services aimed at ensuring product safety and compliance. Its primary function is to deliver testing, inspect...

UL Solutions's Climate Target Data Preview

As of 2023, UL Solutions has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into UL Solutions ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Business Travel (Cat. 6), Scope 3 - Upstream Leased Assets (Cat. 8)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2032
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2032

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into UL Solutions's Greenhouse Gas Emissions Pathways

As of 2023, UL Solutions has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does UL Solutions have a target to reduce the emissions from its operations?

As of 2023, UL Solutions has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

UL Solutions's most ambitious operational target is to reduce these emissions by 50.4% by 2032, compared to a baseline of 64,846 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.

Instead of reducing operational emissions, UL Solutions has increased them, with 2023 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target.

UL Solutions's Operational (Scope 1+2) Emissions Pathway

202220232032020 k40 k60 k80 kCurrent (+4%)Target 2032 (-50%)

Does UL Solutions have a target to reduce the emissions from its value chain?

As of 2023, UL Solutions has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

UL Solutions's most ambitious value chain target is to reduce these emissions by 30% by 2032, compared to a baseline of 109,402 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.

UL Solutions has already surpassed its value chain emissions reduction target, with 2023 levels falling below the 2032 value, achieving its climate goal ahead of schedule.

UL Solutions's Value Chain (Scope 3) Emissions Pathway

202220232032030 k60 k90 k120 kBaselineCurrent (-40%)
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