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 Type | Scope of Target | Unit | Target | Target 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) | Copy restricted. Please purchase to unlock this data. | 2032 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2032 |
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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.
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.
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.