RELEASE: UL Solutions Expands Its ESG Assurance and Advisory Practice

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RELEASE: UL Solutions Expands Its ESG Assurance and Advisory Practice

(Information sent by the signatory company)

- UL Solutions Expands ESG Assurance and Advisory Practice to Help Businesses Navigate Growing Complexities

From the initial mobilization of ESG initiatives to verification of data and environmental content, UL Solutions' expanded services will help guide companies throughout their ESG management journey.

NORTHBROOK, Ill., March 1, 2023 /PRNewswire/ -- UL Solutions, a global leader in applied security science, today announced the launch of its expanded Environmental, Social and Governance (ESG) advisory and assurance practice. This new practice will empower companies with a pragmatic, scientific approach to ESG management and a global network of UL Solutions domain experts to help guide their progress.

There are several ESG frameworks for assessing a company's non-financial performance. They are used by multiple stakeholders, such as investors, customers, and employees, to improve decision-making regarding their interaction with the business. With the ability to address numerous ESG frameworks, UL Solutions can enhance ESG programs from initial mobilization to environmental data verification and ESG reporting content.

"Businesses are seeing the demand for effective ESG management from many directions," said Adrian Wain, business manager of the Assets and Sustainability group at UL Solutions. "We understand the challenges companies face and have enhanced our advisory and verification capabilities to help them establish and drive ESG performance."

ESG reporting is undergoing a significant evolution as new methods and standards are introduced to the market. For example, in response to new ESG reporting requirements, UL Solutions is assisting companies with independent verification of greenhouse gas (GHG) claims under ISO 14064-3, Greenhouse Gases.

GPA Global, a company that specializes in custom product packaging and displays, has collaborated with UL Solutions on various reporting activities, including carbon methodology, CDP disclosure review, and materiality assessments.

"By empowering our team with the tools, resources and expertise to elevate our ESG initiatives, we aim to internalize the benefits of sustainable practices as a routine part of our business model," said Nick Hurd, Chief Marketing Officer and Director of GPA Global sustainability. "UL Solutions helped take our sustainability efforts to the next level through the strategic implementation of our carbon footprint measurement and other ESG initiatives."

About UL Solutions As a world leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for clients in more than 100 countries. UL Solutions provides testing, inspection and certification services, along with software products and consulting offerings, that support product innovation and business growth for our customers. UL Certification Marks serve as a recognized symbol of confidence in our customers' products and reflect an unwavering commitment to advancing our mission of safety. We help our clients 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.

Media Contact: Steven BrewsterUL SolutionsULNews@UL.comT: 1 (847) 664.8425

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