Standard Owner Benchmark - UL SOLUTIONS

By CommonShare

UL Solutions, also known as Underwriters Laboratories Solutions, is a division of Underwriters Laboratories (UL), a global safety certification company. UL Solutions offers a wide range of services including testing, certification, inspection, advisory, and training services. They work with businesses and industries across various sectors to ensure the safety, sustainability, and performance of their products, systems, and processes.

As a division of UL, UL Solutions operates as a for-profit entity. Their services are fee-based, and they generate revenue by providing testing and certification services to their clients. UL Solutions works closely with manufacturers, retailers, regulators, and other stakeholders to help them meet regulatory requirements, industry standards, and consumer expectations.

UL Solutions' expertise covers multiple areas such as electrical and electronic products, appliances, building materials, consumer products, energy systems, fire safety, hazardous locations, industrial equipment, medical devices, and sustainability. Their testing facilities and laboratories are equipped with state-of-the-art equipment and staffed by experienced professionals who conduct rigorous testing and evaluation processes.

While UL Solutions operates as a for-profit organization, their primary focus is on ensuring the safety, quality, and sustainability of products and systems. Their certifications and marks are widely recognized and trusted by businesses and consumers worldwide. By adhering to rigorous standards and conducting thorough testing, UL Solutions helps businesses gain confidence in their products and demonstrate their commitment to safety and quality.

It's important to note that although UL Solutions operates as a for-profit entity, their activities contribute to the overall safety and well-being of consumers and industries by providing reliable testing and certification services.

Overall Rating

1.6
Under-Performing

Governance

The certification uses a multi-stakeholder, independent governance model to support the development of the standards related to the certification.

Supply Side Digitization

Details on the certificate are easily available via technology for inclusion in third party digital applications.

Buy Side Availability

Buy side availability details out how easy it is for consumers to find products and companies exhibiting the standards offered by the certification.

Relevance

This considers the scale of the certification, and the number of products and companies that currently contribute to the certificate. National and local certification are normalized with countries.

Digital Accessibility

How easy is it for innovative new companies, startups, and local retailers to have the same access and affordable pricing models to use standard information in digital applications.
UL SOLUTIONS
United States
Learn More About This Company

How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.