UL Scores in Sustainability Management Software Capabilities Assessment

The findings are included in the Verdantix Smart Innovators: Sustainability Management Software (SMS) and the EHS Software Benchmark: Sustainability Reporting reports

March 17, 2020. By News Bureau

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According to reports lately released by the independent research and consulting firm Verdantix, UL's 360 Sustainability scored the highest in reporting functionality amongst the twenty-three vendors analyzed in its study.

UL's 360 Sustainability also earned top marks for its functionality in supporting the following needs:

  • Materiality analysis
  • Reporting to global standards
  • Sustainability reporting consistent with financial reporting
  • Value chain collaboration
  • Sustainability performance forecasts and ROI calculator
  • Emissions recording and resource use
  • Data tracking and analysis
  • Sustainability strategy mapping

The findings are included in the Verdantix Smart Innovators: Sustainability Management Software (SMS) and the EHS Software Benchmark: Sustainability Reporting reports.

Steve Bolton, environmental health and safety research director, Verdantix, said, "Organizations are under increasing pressure from regulators, customers, investors, and nongovernment organizations to deeply embed sustainability strategies into their business plans. Recognized industry frameworks, such as SDG's GHG, CDP, and GRI, need to be managed and reported on. Software now plays a critical role in helping businesses collate and process a huge spectrum of data and metrics. We established UL's SMS has extensive diversity and capabilities to help businesses with all the sustainability needs outlined in the report and have the broadest and deepest functionality to provide EHS and sustainability data reporting management."

Giuseppe Barisan, director and general manager for Environment and Sustainability division, UL, said, "The report highlights several areas where our software performs especially well, including tracking and analyzing emissions, environmental, social and governance-related reporting, and sustainability strategy mapping. Our team remains focused on helping businesses manage all aspects of sustainability management. We recently launched Turbo Carbon™, to help businesses across all supply chains manage carbon emission reporting."

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