Applied safety science company UL Solutions announced today the launch of a new advisory and assurance practice, aimed at offering companies with services and tools to measure and manage their ESG performance.
According to UL Solutions, the launch of the practice comes amidst the emergence of various ESG frameworks for the assessment of companies’ non-financial performance, used by multiple stakeholders such as investors, customers and employees. The company said that it can address numerous ESG frameworks, and enhance ESG programs from mobilization to data verification for ESG reporting.
Services listed on the UL Solutions Environmental, Social, and Governance (ESG) Advisory and Assurance Services website include CDP disclosure review, Scope 3 baseline development, environmental gap analysis, materiality assessment, ESG training, GHG verification assurance, science-based target readiness assessment and target development, SFDR alignment and TCFD assessment, among others.
Adrian Wain, Business Manager in the Asset and Sustainability group at UL Solutions, said:
“Companies are experiencing demand for effective ESG management from many directions. We understand the challenges companies face and have enhanced our advisory and verification capabilities to help them establish and drive ESG performance.”