UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws

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NORTHBROOK, Ill.--(BUSINESS WIRE)--Feb 10, 2025--

UL Solutions (NYSE: ULS), a global leader in applied safety science, and OpenEngagement, an independent stakeholder engagement and corporate governance advisory firm, today announced a relationship to help Australian companies navigate and comply with the country’s new mandatory climate reporting requirements.

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UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country’s new mandatory climate reporting requirements. (Photo: Business Wire)

The relationship will leverage UL Solutions’ expertise in environmental, social and governance (ESG) advisory services, data management and software solutions, including the UL Solutions ULTRUS™ software portfolio, encompassing centralized and unified digital offerings to help customers manage regulatory, supply chain and sustainability challenges. OpenEngagement will provide strategic guidance and support to customers throughout the reporting process, helping them to address climate-related risks and opportunities.

“Strong ESG performance is now a strategic imperative for long-term business success,” said Ken Wilson, Australasia regional director at UL Solutions. “With the new climate law in Australia, the evolving regulations, like the Corporate Sustainability Reporting Directive, and a dynamic global ESG landscape, organizations must demonstrate transparency, attract responsible investors and build sustainable operations. Our new relationship with OpenEngagment will allow us to serve customers better and further complement our comprehensive suite of ESG verification services and software, including our UL 360 ESG data management software, part of ULTRUS™ software, that helps businesses simplify the complexities of ESG excellence.”

Australia’s recent passage of the Treasury Laws Amendment bill introduces mandatory climate-related reporting for large and medium-sized companies, including disclosures on climate-related risks and opportunities and greenhouse gas emissions across the supply chain. This legislation marks a significant step toward enhancing climate transparency and accountability in the Australian market.

“OpenEngagement is thrilled to be chosen as UL Solutions’ strategic partner for ESG and sustainability reporting in Australia,” said Brendan Henry, CEO of OpenEngagement. “We founded OpenEngagement on the premise that we would only offer solutions that provide real value to our customers. With the 2025 enactment of mandatory climate-related reporting requirements, the combination of the award-winning UL 360 ESG data management software and proven pre-assurance methodologies provides an impactful solution.”

UL Solutions also delivers enterprise sustainability services and other verification-related services, such as environmental product declarations and zero-waste-to-landfill claim validation services.

UL Solutions’ ESG advisory and assurance services recently earned the company recognition as an Innovator in the Verdantix Green Quadrant: ESG and Sustainability Assurance Services 2024 report for strong technical expertise in assurance over environmental metrics — particularly carbon emissions — as well as a comprehensive portfolio of assurance services and support for manufacturing firms with complex supply chains. In addition, the ULTRUS™ software platform, which also provides environmental, health and safety (EHS) services, earned recognition in the Verdantix Green Quadrant: EHS Software 2025 report — the first time as a unified software platform — for helping companies meet the increasing demand of ESG and sustainability regulations and providing scalable tools to help large enterprises tackle global compliance challenges.

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection, and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Solutions Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers 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.

About OpenEngagement
OpenEngagement is an independent stakeholder engagement and corporate governance advisory firm based in Sydney, Australia, and is prominent throughout Australasia.

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CONTACT: Media:

Tyler Khan

UL Solutions

[email protected]

T: +1 (847) 664.2139Steven Brewster

UL Solutions

[email protected]

T: +1 (847) 664.8425

KEYWORD: ILLINOIS AUSTRALIA/OCEANIA AUSTRALIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE PROFESSIONAL SERVICES BUSINESS DATA MANAGEMENT SUSTAINABILITY ENVIRONMENTAL HEALTH TECHNOLOGY ENVIRONMENT SECURITY CLIMATE CHANGE CONSULTING ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)

SOURCE: UL Solutions Inc

Copyright Business Wire 2025.

PUB: 02/10/2025 04:28 PM/DISC: 02/10/2025 04:28 PM

http://www.businesswire.com/news/home/20250210227259/en