logo
UL Solutions Earns Platinum Medal from EcoVadis for Sustainability Performance

UL Solutions Earns Platinum Medal from EcoVadis for Sustainability Performance

Business Wire22-04-2025

NORTHBROOK, Ill.--(BUSINESS WIRE)-- UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced that it has achieved a Platinum Medal from EcoVadis, a leader in business sustainability assessments, placing it in the top 1% of companies assessed by EcoVadis globally in the past 12 months.
UL Solutions improved its rating from Silver – bypassing Gold – to reach EcoVadis' top Platinum rating this year. More than 150,000 companies have been rated by EcoVadis.
'We are thrilled to receive the EcoVadis Platinum Medal,' said Gitte Schjøtz, executive vice president and chief operations and sustainability officer, UL Solutions. 'Our mission is working for a safer, more secure and more sustainable world, and this clearly indicates we are holding ourselves accountable for meaningful improvement in our own sustainability management and reporting.'
The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: environment, labor and human rights, ethics and sustainable procurement. The Platinum rating reflects the quality of UL Solutions' sustainability management system and demonstrates a commitment to promoting transparency throughout the value chain.
EcoVadis' business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidence-based analysis on performance and an actionable roadmap for continuous improvement.
Learn more about UL Solutions corporate sustainability here.
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE: ULS) 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' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' 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.
Source Code: ULS-IR

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Billionaire Stanley Druckenmiller Owns $175 Million of This Brilliant Dividend Growth Stock
Billionaire Stanley Druckenmiller Owns $175 Million of This Brilliant Dividend Growth Stock

Yahoo

time2 hours ago

  • Yahoo

Billionaire Stanley Druckenmiller Owns $175 Million of This Brilliant Dividend Growth Stock

Philip Morris International is one of the largest positions in Stan Druckenmiller's portfolio. The stock has soared because of its leading position in disruptive nicotine categories. The stock can produce plenty of dividend growth for the rest of this decade. 10 stocks we like better than Philip Morris International › It can pay to follow billionaire fund manager Stanley Druckenmiller, who has put up phenomenal market-beating returns for decades. One of the largest positions in his Duquesne Family Office is Philip Morris International (NYSE: PM). He owns $175 million worth of the stock, first purchased in the second quarter of 2024. Since then, shares have posted a total return of more than 100% as investors have gotten excited about the company's growth with new nicotine brands that are replacing cigarettes. Here's the brilliance behind Philip Morris' strategy, and why this is the perfect dividend growth stock over the next 10 years. Spun out as an independent company almost two decades ago, Philip Morris International is one of the leading tobacco companies that sells outside of the United States, while Altria Group sells its brands domestically. One benefit of owning Philip Morris International is the international diversification it can provide for your portfolio. Even though the company reports in U.S. dollars, the revenue it collects is generally outside the United States, which can help investors when the dollar is getting devalued versus foreign currencies, as is happening today. The stock has soared mainly because of the major investments the company made beyond cigarettes that are now bearing fruit. It has the leading nicotine pouch brand called Zyn, which is growing like wildfire in the United States, and with incredible profit margins. The brand has gone from virtually nothing 10 years ago to selling more than 200 million cans a quarter in the country. More globally, the Iqos heat-not-burn device brand is the leader in the category that is popular in Europe and Japan, driving tons of new revenue and earnings for Philip Morris International. Overall, 42% of the company's revenue now comes from its smoke-free business, driving overall revenue to $38.4 billion over the last 12 months. Dividends are the way that Philip Morris returns capital to shareholders. Its dividend yield is much lower than a year ago at 3%, but it still offers a solid yield for shareholders. One big factor in this dividend consistency is the steady cash flow produced by the legacy cigarette business. Usage for cigarettes is slowly declining in the markets in which it operates, but the company is in a much better position outside of the United States because of its exposure to countries with growing populations. It also has the leading brands that consumers of nicotine are switching to buy. Today, Philip Morris pays a dividend per share of $5.35. This will be funded by its free cash flow per share, currently at $6.55. No cash flow, no dividends. It's that simple at the end of the day. Free cash flow is actually depressed right now because of the large manufacturing build-out for nicotine pouches and heat-not-burn growth. Over the next five years, investors should see an inflection in free cash flow per share up to $10 or higher. In turn, this gives the company plenty of room to grow its dividend-per-share payout, which will boost the dividend yield as long as the stock price doesn't go up. Around 10% dividend growth for the next five years will put the stock's dividend-per-share payout at $8.61, which is well below what the company can generate in free cash flow. This gives the company an easy path to keep growing its dividend payout for shareholders. Even though the stock is up 100% in the last 12 months or so, Philip Morris International stock may still be a solid buy for investors today. Don't expect 100% returns every year, but the math works out that this stock is still cheaper than most you can buy today. It has a forward price-to-earnings ratio (P/E) of 24, which is not overly expensive for a consistent earnings grower. The dividend yield is well above the stock market average, with plenty of room to grow this yield in the years to come. Philip Morris has the dominant position in the growing trend of nicotine use without tobacco, which will make it a market share taker versus competitors. Put it together, and Philip Morris International is a great stock to buy and hold for the long haul. No wonder Druckenmiller has it as one of the largest positions in his portfolio. Before you buy stock in Philip Morris International, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Philip Morris International wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends Philip Morris International. The Motley Fool has a disclosure policy. Billionaire Stanley Druckenmiller Owns $175 Million of This Brilliant Dividend Growth Stock was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Where Will Alibaba Stock Be in 10 Years?
Where Will Alibaba Stock Be in 10 Years?

Yahoo

time2 hours ago

  • Yahoo

Where Will Alibaba Stock Be in 10 Years?

Alibaba's stock trades far below its record high. It faces competitive, macro, and regulatory challenges. But it could still stabilize its business and evolve over the next decade. 10 stocks we like better than Alibaba Group › Alibaba (NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 18, 2014. It raised $25 billion, making it the largest IPO in history at the time, and it held that record until Saudi Aramco's $29.4 billion IPO in 2019. Alibaba's stock closed at a record high of $310.29 on Oct. 27, 2020. That marked a 356% gain from its IPO price. At the time, investors were dazzled by the robust growth of its e-commerce and cloud businesses, as well as its rapid expansion into adjacent markets. But today, Alibaba's stock trades at about $114. China's antitrust regulators cracked down on Alibaba's e-commerce business by forcing it to ax exclusive deals with merchants, rein in its promotions, and seek regulatory approvals for all its future investments and acquisitions. All of that pressure, along with a record $2.8 billion fine, eroded its defenses against aggressive competitors including PDD and At the same time, China's soft economic growth forced many companies to rein in their cloud spending. Alibaba also scrapped a long-awaited IPO for its fintech affiliate Ant Financial in 2020, and it also walked back plans to spin off cloud, logistics, and Freshippo grocery units in 2023 and 2024. Investors sensed its high-growth days were over, and its stock stumbled. Those setbacks were worrisome, but can Alibaba's stock bounce back over the next 10 years? Alibaba splits its business into seven groups. The Taobao and Tmall Group hosts its two largest online marketplaces in China, the Alibaba International Digital Commerce Group handles its overseas and cross-border e-commerce marketplaces (including Lazada in Southeast Asia, Daraz in South Asia, Trendyol in Turkey, and AliExpress for its overseas customers), and the Cloud Intelligence segment houses its cloud infrastructure platform and related AI services. Alibaba's Cainiao group provides both first-party and third-party logistics services, its Local Services group provides localized delivery services within China, and its Digital Media and Entertainment Group handles streaming video, audio, and film production businesses. Lastly, the "All Others" segment operates the company's brick-and-mortar stores and non-core digital platforms. In fiscal 2025, which ended this March, Alibaba's revenue rose 6%. All seven of its groups grew year over year, while its international digital commerce, cloud intelligence, and local services groups posted double-digit revenue gains. Segment FY 2025 Revenue (USD) Growth (YOY in CNY) Taobao and Tmall Group $61.99 billion 3% Alibaba International Digital Commerce Group $18.23 billion 29% Cloud Intelligence Group $16.27 billion 11% Cainiao Smart Logistics Group $13.96 billion 2% Local Services Group $9.24 billion 12% Digital Media and Entertainment Group $3.07 billion 5% All others $28.43 billion 7% Total $137.3 billion 6% Data source: Alibaba. YOY = Year-over-year. Alibaba expects its overseas e-commerce marketplaces, cloud infrastructure platform, and ongoing upgrades for Qwen, a new family of large language models for new generative AI applications, to fuel its near-term growth. The company's AI-related revenue could surge over the next few years as more companies upgrade their AI capabilities. As for its core Chinese e-commerce business, Alibaba plans to upgrade Taobao's live streaming features and peddle more discount goods to keep up with PDD and ByteDance's Douyin, known as TikTok overseas, as the macro headwinds curb consumer spending. This segment won't become a roaring growth engine again, but its stabilization is crucial for Alibaba's future. China's economy could also stabilize and grow again if it reaches a mutually favorable trade deal with the United States. Since Alibaba no longer plans to spin off most of its groups as independent companies, observers might see the company integrate its cloud, AI, logistics, delivery apps, and brick-and-mortar stores more deeply into domestic and overseas e-commerce marketplaces. It could also roll out more advertising and e-commerce services across its own digital media ecosystem -- which includes the streaming video platform Youku, its streaming music service AliMusic, and its AliOS smart TV platform. In other words, Alibaba's high-growth days might be over, but its businesses could converge and drive growth as a diversified retail and tech giant. According to Mordor Intelligence, the Chinese e-commerce market could still expand at a CAGR of 10% from 2025 to 2030. Grand View Research expects China's public cloud market to grow at a CAGR of 23% from 2024 to 2030. Staying at the top of these two markets, even as a maturing leader, could ensure its long-term growth. Those secular trends indicate Alibaba still has plenty of room to grow, even if it faces challenging macro, competitive, and regulatory headwinds. Conservatively assuming it grows EPS at a CAGR of 10% from 2025 to 2035, and its stock still trades at 11 times forward earnings by the beginning of the final year, Alibaba's price could more than double to about $257 over the next decade. That would be a decent gain, but it would still be well below its all-time high from 2020. Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group and The Motley Fool has a disclosure policy. Where Will Alibaba Stock Be in 10 Years? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF

Yahoo

time2 hours ago

  • Yahoo

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF

OVERLAND PARK, KS / / June 2, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 679%, and its coverage ratio for preferred shares was 515%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 964.9 $ 55.98 Cash and Cash Equivalents 0.1 0.00 Current Tax Assets 0.4 0.03 Other Assets 3.8 0.22 Total Assets 969.2 56.23 Short-Term Borrowings 43.0 2.49 Senior Notes 98.1 5.69 Preferred Stock 44.9 2.61 Total Leverage 186.0 10.79 Other Liabilities 5.4 0.32 Deferred Tax Liability 5.6 0.32 Net Assets $ 772.2 $ 44.80 17.24 million common shares currently outstanding. Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of May 30, 2025 the company's unaudited total assets were approximately $209.2 million and its unaudited net asset value was $177.0 million, or $13.12 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 664%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 207.6 $ 15.38 Cash and Cash Equivalents 0.6 0.05 Other Assets 1.0 0.08 Total Assets 209.2 15.51 Credit Facility Borrowings 31.4 2.33 Other Liabilities 0.8 0.06 Net Assets $ 177.0 $ 13.12 13.49 million common shares outstanding. The top 10 holdings for TYG and TEAF as of the most recent month-end can be found on each fund's portfolio web page at TEAF also provides update on direct investments. TEAF provides an update on the fund's direct investments on the company website at Details on each private deal that has taken place over the prior month will be published on the website at The list includes all deals completed since the fund's inception. About Tortoise Capital With approximately $8.8 billion in assets under management as of Apr. 30, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well- positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund. For additional information on these funds, please visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Safe harbor statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Media ContactsCraft & CapitalChris Sullivan chris@ Jesselson rob@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store