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2022 Annual Report

Bringing safety science to life

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
Woman wearing lab coat
January
Earned 100% on the Human Rights Campaign (HRC) Foundations 2022 Corporate Equality Index (CEI)

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Person showing a graph on a tablet
February
Acquired KBW Corporation, a testing and market access services provider for medical devices and consumer technology products

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People working together
March
UL Solutions offices in Canada named to 2022 List of Best Workplaces™ for Hybrid Work

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Factory floor
March
Opened laboratory in Hai Duong, Vietnam focusing on consumer electronics, information technology equipment, lighting and small appliances

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Karriem Shakoor
April
Karriem Shakoor received Chicago CIO 2022 CIO of the Year ORBIE Award

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Globe graphic
April
Became a founding partner of the International Science Reserve

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Engineers reviewing data at a wind farm
May
Opened global offshore wind headquarters in Glasgow, Scotland

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People standing on factory floor
May
Opened first laboratory in Querétaro, Mexico serving the automotive, engineered materials, wire and cable, appliances, lighting, refrigeration and consumer technologies industries

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UL pillars
June
Unveiled new UL enterprise brands, introducing UL Solutions as a leader in applied safety science committed to support product innovation and business growth

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Automobile factory assembly line
June
Acquired Data Test Labs, a testing company focusing on electrical, environmental and mechanical testing for automakers and their suppliers

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July-December
Person renting an e-bike in the city
July
Opened e-mobility and energy laboratory in Taipei, Taiwan

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John Genovesi
July
Appointed John Genovesi as executive vice president and president, Enterprise & Advisory

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Person working with cables on a server rack
September
Acquired Cimteq Limited, a leading design support and manufacturing software provider for the global wire and cable manufacturing industry

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Person looking at their phone while charging an electric vehicle
October
Opened automotive electromagnetic compatibility (EMC) laboratory in Hsinchu, Taiwan

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Car in parking lot
October
Acquired Kugler Maag Cie, a process excellence, assessment and training solutions provider supporting the automotive industry

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Image of digital globe
October
Signed 10-year joint venture extension with China Certification and Inspection Group (CCIC)
Person using a device to take a reading
November
Launched global partnership with Ronald McDonald House Charities

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Person holding a notebook about to attend a meeting
December
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. 

Meet our executive leadership team

 

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