{"id":811178,"date":"2025-02-10T16:31:07","date_gmt":"2025-02-10T21:31:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ul-solutions-and-openengagement-join-forces-to-lead-australia-company-compliance-with-new-climate-laws\/"},"modified":"2025-02-10T16:31:07","modified_gmt":"2025-02-10T21:31:07","slug":"ul-solutions-and-openengagement-join-forces-to-lead-australia-company-compliance-with-new-climate-laws","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ul-solutions-and-openengagement-join-forces-to-lead-australia-company-compliance-with-new-climate-laws\/","title":{"rendered":"UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws<\/b><\/p>\n<p><i>The relationship will help enterprises in Australia provide required climate-related reporting, including greenhouse gas emissions across the supply chain<\/i><\/p>\n<p>NORTHBROOK, Ill.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ul.com%2F&amp;esheet=54203166&amp;newsitemid=20250210227259&amp;lan=en-US&amp;anchor=UL+Solutions&amp;index=1&amp;md5=3cda84d08db1950736ab71c51a6d2aef\">UL Solutions<\/a> (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\u2019s new mandatory climate reporting requirements.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250210227259\/en\/2377469\/4\/Sydney_Opera_House.jpg\" alt=\"UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe relationship will leverage UL Solutions\u2019 expertise in environmental, social and governance (ESG) advisory services, data management and software solutions, including the UL Solutions ULTRUS\u2122 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.<\/p>\n<p>\n\u201cStrong ESG performance is now a strategic imperative for long-term business success,\u201d said Ken Wilson, Australasia regional director at UL Solutions. \u201cWith 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\u2122 software, that helps businesses simplify the complexities of ESG excellence.\u201d<\/p>\n<p>\nAustralia\u2019s 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.<\/p>\n<p>\n\u201cOpenEngagement is thrilled to be chosen as UL Solutions\u2019 strategic partner for ESG and sustainability reporting in Australia,\u201d said Brendan Henry, CEO of OpenEngagement. \u201cWe 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.\u201d<\/p>\n<p>\nUL Solutions also delivers enterprise sustainability services and other verification-related services, such as environmental product declarations and zero-waste-to-landfill claim validation services.<\/p>\n<p>\nUL Solutions\u2019 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 \u2014 particularly carbon emissions \u2014 as well as a comprehensive portfolio of assurance services and support for manufacturing firms with complex supply chains. In addition, the ULTRUS\u2122 software platform, which also provides environmental, health and safety (EHS) services, earned recognition in the Verdantix Green Quadrant: EHS Software 2025 report \u2014 the first time as a unified software platform \u2014 for helping companies meet the increasing demand of ESG and sustainability regulations and providing scalable tools to help large enterprises tackle global compliance challenges.<\/p>\n<p><b>About UL Solutions<br \/>\n<br \/><\/b>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\u2019 product innovation and business growth. The UL Solutions Mark serves as a recognized symbol of trust in our customers\u2019 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.<\/p>\n<p><b>About OpenEngagement<br \/>\n<br \/><\/b>OpenEngagement is an independent stakeholder engagement and corporate governance advisory firm based in Sydney, Australia, and is prominent throughout Australasia.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250210227259r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Tyler Khan<br \/>\n<br \/>UL Solutions<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ULNews@UL.com\">ULNews@UL.com<br \/>\n<\/a><br \/>T: +1 (847) 664.2139<\/p>\n<p>\nSteven Brewster<br \/>\n<br \/>UL Solutions<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ULNews@UL.com\">ULNews@UL.com<br \/>\n<\/a><br \/>T: +1 (847) 664.8425<\/p>\n<p><b>KEYWORDS:<\/b> Illinois Australia\/Oceania Australia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Professional Services Business Data Management Sustainability Environmental Health Technology Environment Security Climate Change Consulting Environmental, Social and Governance (ESG)<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250210227259\/en\/2377469\/3\/Sydney_Opera_House.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250210227259\/en\/2129141\/3\/UL_Solutions_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws The relationship will help enterprises in Australia provide required climate-related reporting, including greenhouse gas emissions across the supply chain NORTHBROOK, Ill.&#8211;(BUSINESS WIRE)&#8211;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\u2019s new mandatory climate reporting requirements. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/ UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. (Photo: Business Wire) The relationship will leverage UL Solutions\u2019 expertise &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ul-solutions-and-openengagement-join-forces-to-lead-australia-company-compliance-with-new-climate-laws\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-811178","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ul-solutions-and-openengagement-join-forces-to-lead-australia-company-compliance-with-new-climate-laws\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"UL Solutions and OpenEngagement Join Forces to Lead Australia Company Compliance with New Climate Laws The relationship will help enterprises in Australia provide required climate-related reporting, including greenhouse gas emissions across the supply chain NORTHBROOK, Ill.&#8211;(BUSINESS WIRE)&#8211;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\u2019s new mandatory climate reporting requirements. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/ UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250210227259\/en\/ UL Solutions and OpenEngagement have joined forces to help Australian companies navigate and comply with the country\u2019s new mandatory climate reporting requirements. 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