UL Solutions Inc
UL Solutions's GHG Emissions Data Preview
In 2023, UL Solutions completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
UL Solutions has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind UL Solutions’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore UL Solutions’s data sources below and access millions more through our Disclosure Search.
Insights into UL Solutions's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of UL Solutions amounted to 75,794 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of UL Solutions increased by 16.88%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
UL Solutions's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are UL Solutions's Scope 1 emissions?
In 2023, the total Scope 1 emissions of UL Solutions were 22,555 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2022), UL Solutions's Scope 1 emissions decreased by 24.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are UL Solutions's Scope 2 emissions?
In 2023, UL Solutions reported Scope 2 greenhouse gas (GHG) emissions of 44,573 tCO₂e using the market-based method and 53,239 tCO₂e using the location-based method. a
What methodology does UL Solutions use for Scope 2 reporting?
In 2023, UL Solutions reported its Scope 2 emissions using the market-based method and using the location-based method. a
UL Solutions's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into UL Solutions's Value Chain Emissions
In 2023, UL Solutions reported 106,432 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of UL Solutions includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
UL Solutions's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are UL Solutions's Scope 3 emissions?
In 2023, UL Solutions reported total Scope 3 emissions of 106,432 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), UL Solutions's Scope 3 emissions decreased by 26.72%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does UL Solutions disclose?
In 2023, UL Solutions reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of UL Solutions's Scope 3 emissions?
In 2023, the largest contributors to UL Solutions's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 28,099 tCO₂e (26.4%)
- Fuel- and Energy-Related Services (Cat. 3): 19,250 tCO₂e (18.09%)
- Business Travel (Cat. 6): 17,582 tCO₂e (16.52%)
UL Solutions's Scope 3 Emissions by Categories
Insights into UL Solutions’s GHG Emissions Intensity Compared to Industry Peers
In 2023, UL Solutions reported Scope 1 greenhouse gas (GHG) emissions of 22,555 tCO₂e and total revenues of USD 2,678 millions. This translates into an emissions intensity of 8.42 tCO₂e per millions USD. a
UL Solutions's Scope 1 Emissions Intensity Compared to Peers
How does UL Solutions's GHG emissions intensity compare to its peers?
In 2023, UL Solutions reported a Scope 1 emissions intensity of 8.42 tCO₂e per millions USD. Compared to the peer group median of 5.53 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does UL Solutions rank on GHG emissions intensity within its industry?
In 2023, UL Solutions ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
UL Solutions is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into UL Solutions's Total Carbon Footprint
In 2023, UL Solutions reported a total carbon footprint of 182,226 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.26% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to UL Solutions's total carbon footprint was Scope 3 emissions, accounting for 58.41% of the company's total carbon footprint, followed by Scope 2 emissions at 29.22%. a