2022 UL Annual Report - English
In 2022, our focus remained on bringing our safety science expertise to the forefront to deliver measurable value for customers.
We grew our capabilities, both scientific and strategic, through targeted investments to help our customers solve their biggest safety, security and sustainability challenges. With a clear commitment to collaborative partnerships, we positioned ourselves to capture new opportunities and support our customers’ continued success.
A message from Jennifer Scanlon, CEO and president of UL Solutions Inc.
In the face of the many unpredictable events of 2022 — including continued COVID-19 challenges, Russia’s invasion of Ukraine, inflation levels not seen in 40 years aggravated by soaring energy costs, and disordered supply chains — UL Solutions delivered profitable results in 2022, just as we have every year for the 10 years we have operated as a for-profit company.
2022 Timeline
- January-June
June
Unveiled new UL enterprise brands, introducing UL Solutions as a leader in applied safety science committed to support product innovation and business growthJune
Acquired Data Test Labs, a testing company focusing on electrical, environmental and mechanical testing for automakers and their suppliers- July-December
October
Acquired Kugler Maag Cie, a process excellence, assessment and training solutions provider supporting the automotive industryOctober
Signed 10-year joint venture extension with China Certification and Inspection Group (CCIC)November
Launched global partnership with Ronald McDonald House CharitiesDecember
UL Solutions named one of HR Asia’s Best Companies to Work for in 2022
Executive Leadership
Located in key business regions, our leaders bring a broad range of experience and expectations to our shared mission of working for a safer world.
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