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UL Solutions Inc
UL Solutions's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 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.  a | 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.  b | Copy restricted. Please purchase to unlock this data.  b | 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 2024, the total operational greenhouse gas (GHG) emissions ofUL Solutions amounted to83,971metric 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 2023, the total operational greenhouse gas (GHG) emissions of UL Solutionsincreased by 10.79%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
UL Solutions's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are UL Solutions's Scope 1 emissions?
In 2024, the total Scope 1 emissions of UL Solutions were 22,460 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has UL Solutions reduced its Scope 1 emissions over time?
Since 2022, UL Solutions's Scope 1 emissions have decreased by 24.92%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), UL Solutions's Scope 1 emissions remained relatively stable, indicating that UL Solutions's emissions have plateaued with no significant change in its operational footprint.ab
What are UL Solutions's Scope 2 emissions?
In 2024, UL Solutions reported Scope 2 greenhouse gas (GHG) emissions of 52,066 tCOâ‚‚e using the market-based method and 61,511 tCOâ‚‚e using the location-based method.a
Has UL Solutions reduced its Scope 2 emissions over time?
Compared to the previous year(2023), UL Solutions's Scope 2 emissions(Location-Based) rose by 15.54% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does UL Solutions use for Scope 2 reporting?
In 2024, 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 2024, UL Solutions reported 149,126 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of UL Solutions includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.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 2024, UL Solutions reported total Scope 3 emissions of 149,126 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 89.95%of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.05%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has UL Solutions reduced its Scope 3 emissions over time?
Since 2022, UL Solutions's Scope 3 emissionshave increased by 19.97%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), UL Solutions's Scope 3 emissions remained relatively stable, indicating that UL Solutions's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does UL Solutions disclose?
In 2024, UL Solutions reported emissions for 9 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 2024, the largest contributors to UL Solutions's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 36,215 tCOâ‚‚e(24.28%)
- Capital Goods (Cat. 2): 27,377 tCOâ‚‚e(18.36%)
- Fuel- and Energy-Related Services (Cat. 3): 21,907 tCOâ‚‚e(14.69%)
UL Solutions's Scope 3 Emissions by Categories
Insights into UL Solutions’s GHG Emissions Intensity Compared to Industry Peers
In 2024, UL Solutions reported Scope 1 greenhouse gas (GHG) emissions of 22,460 tCOâ‚‚e and total revenues of USD 2,870 millions. This translates into an emissions intensity of 7.83 tCOâ‚‚e 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 2024, UL Solutions reported a Scope 1 emissions intensity of 7.83 tCOâ‚‚e per millions USD. Compared to the peer group median of 6.38, 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 2024, UL Solutions ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, UL Solutions reported a total carbon footprint of 233,097 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.56% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to UL Solutions's total carbon footprint was Scope 3 emissions, accounting for 63.98% of the company's total carbon footprint, followed by Scope 2 emissions at 26.39%.a