In the latest issue of the Verdantix Corporate ESG and Sustainability Software Report, UL's 360 Sustainability software was ranked No. 2 globally and cited for its real-time risk analytics and superior data access and visibility, as well as for its product stewardship and operational ESG program, disclosures and reporting management capabilities.
With investor interest in ESG metrics and financially material sustainability information critical for business disclosures, as well as mitigating risk and performance management, the report provides buyers of software for environment, ESG and sustainability management with a benchmark of the capabilities of 44 software solutions, which included UL's 360 Sustainability Software.
Aimed at ESG and sustainability heads, the report helps assist them to better understand available software and services and inform their future technology adoption road maps for the year ahead and beyond.
"In recent years, we've seen a rise in far more rigorous and stringent target setting and increased mainstream investor interest in ESG metrics and financially material sustainability information, both of which have dramatically shifted the landscape for business disclosures, risk and performance management," said Carlos Correia, vice president and general manager, Asset and Sustainability Performance, UL.
"More than at any point in our history, sustainability, transparency and reporting are key to required compliance and for successful business value and management, and choosing the right solution to support that can be a daunting task. UL is honored to be recognized by Verdantix in our effort to help organizations globally streamline and simplify their ESG reporting requirements," Correia added.
Incorporating best practices from more than 20 years of environmental and sustainability reporting, UL's 360 Sustainability Software is designed to help organizations gather, analyze and communicate sustainability and ESG data in one place. The software provides information for annual corporate social responsibility (CSR) and sustainability reports.
Aligned to the key external ESG frameworks that can rapidly establish and accelerate an investment-grade sustainability reporting program within six weeks, UL's 360 Sustainability software also offers information for meeting a range of external requirements, including the Sustainability Accountability Standards Board (SASB), Carbon Disclosure Project (CDP), Global Reporting Initiative (GRI), Dow Jones Sustainability Index (DJSI), and UN Global Compact.
Finally, in addition to automating reporting, UL 360 Sustainability delivers data for an organization to create and track new sustainability initiatives. More information about UL's 360 Sustainability Software may be found here.