Ul

Ul's reported carbon emissions

For the fiscal year 2024, UL reported total greenhouse gas emissions of approximately 224,600,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. This figure comprises Scope 1 emissions of about 22,460,000 kg CO2e, Scope 2 emissions (market-based) of approximately 52,066,000 kg CO2e, and Scope 3 emissions totalling about 149,126,000 kg CO2e. In 2023, UL's Scope 3 emissions were approximately 138,922,000 kg CO2e. For 2022, Scope 3 emissions were reported at approximately 124,301,000 kg CO2e. In 2019, UL reported Scope 1 emissions of approximately 12,323,450 kg CO2e and Scope 2 emissions of about 16,053,610 kg CO2e. The total Scope 1 and 2 emissions for 2019 were approximately 28,377,060 kg CO2e. In 2018, Scope 1 emissions were approximately 14,443,350 kg CO2e and Scope 2 emissions were about 15,333,090 kg CO2e, resulting in a combined total of approximately 29,776,440 kg CO2e for Scope 1 and 2. UL has made a commitment to the Science Based Targets initiative (SBTi). They commit to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50.4% by 2032, using 2022 as the base year. Furthermore, UL commits to reducing absolute Scope 3 GHG emissions from specific categories, including purchased goods and services, capital goods, fuel and energy-related activities, business travel, and upstream leased assets, by 30.0% within the same timeframe. These targets are recognised as being consistent with limiting warming to 1.5°C. The emissions data provided is cascaded from the parent organisation, UL Solutions Inc., with UL operating as a current subsidiary.