New Scope 3 data and sustainability reporting solutions introduced by UL Solutions for enhanced environmental accountability and transparency.
UL Solutions, a leading global safety science company, has launched a series of new software solutions as part of its ULTRUS platform. These innovative offerings are designed to help companies manage evolving regulatory requirements, operationalize sustainable practices, and take informed action on sustainability across their supply chains and renewable energy initiatives.
One of the key features is the Purchased Goods and Services module on the ULTRUS platform. This module is specifically designed to help companies manage Scope 3, Category 1 emissions related to goods and services from suppliers. By simplifying data management, supporting target setting, and streamlining reporting, it enables greater transparency across complex global supply chains.
Another significant enhancement is the UL 360 ESG and Sustainability software's ESG Disclosures module. This module allows companies to manage International Sustainability Standards Board (ISSB) disclosure requirements efficiently. It can pull data directly from the UL 360 platform, providing a reliable data source and audit trail for reported sustainability values.
In the realm of renewable energy, UL Solutions has introduced a new AI feature within the Windnavigator software on the ULTRUS platform. The Windnavigator Resource Data and Maps offers high-quality mapping and resource data to aid wind farm developers in identifying suitable sites and planning initial project steps.
Additionally, the WERCSmart module has been updated with new features aimed at helping retailers identify per- and polyfluoroalkyl substances (PFAS) in products and collect product documentation from manufacturers. This contributes to environmental protection and product safety.
UL Solutions' President of Software and Advisory, John Genovesi, stated that the company is staying ahead of its customers' evolving needs with the powerful new ULTRUS software releases. These solutions are intended to assist companies in meeting ISSB sustainability reporting requirements and enable action on sustainability.
With these new capabilities, UL Solutions is driving transparency across complex global supply chains and empowering companies to make informed decisions for a more sustainable future.
[1] UL Solutions Press Release, 2023 [2] UL Solutions Product Update, 2023 [3] UL Solutions Whitepaper, 2023
- The Purchased Goods and Services module on the ULTRUS platform, designed for managing Scope 3, Category 1 emissions, simplifies data management, supports target setting, and streamlines reporting, thereby promoting greater transparency in complex global supply chains.
- The UL 360 ESG and Sustainability software's ESG Disclosures module allows companies to efficiently manage International Sustainability Standards Board (ISSB) disclosure requirements, providing a reliable data source and audit trail for reported sustainability values.
- UL Solutions' Windnavigator software, part of the ULTRUS platform, now features an AI tool that offers high-quality mapping and resource data for wind farm developers, helping them identify suitable sites and plan initial project steps for renewable energy initiatives.
- The updated WERCSmart module assists retailers in identifying per- and polyfluoroalkyl substances (PFAS) in products and collecting product documentation from manufacturers, contributing to environmental protection and product safety in the industry.
