EH&S Budgets and Priorities
In September 2015, Verdantix published the annual Global EH&S Leaders Survey: Budgets And Priorities report. This report drew insights from 312 EH&S decision makers from firms with at least $250 million in annual revenue, and spanned 16 unique geographical areas as well as 21 different industries aggregated into five sector groups. The goal of this annual survey is to reveal the management priorities of EH&S leaders the world over, how their budgets are changing as a direct result, strategic or high-level changes occurring in their EH&S management framework, and lastly information about their perception and awareness of vendors of EH& services and products.
The top section of this infographic demonstrates the three highest-priority improvement areas for safety management, general EH&S management, and environmental management, each of which incorporate between seven and nine granular focus areas. The lower section reflects the percentage of respondents that reported increased spending (1% +) in those same nine areas. Verdantix analysis shows that occupational safety (76%), employee health and medical monitoring (69%), and incident management (60%) will receive the most focus for improvement of all EH&S categories. On the budgetary side, occupational safety (70%), employee health and medical monitoring (68%), and industrial hygiene (61%) represent the areas which are most likely to see spending increases during 2016.
The substantial attention placed on safety, incident management, and risk analysis echo the trend Verdantix has seen of EH&S leaders desiring a more forward-thinking EH&S management system. The sharp spike in EH&S software market activity as well as the increase in usage of consultants to optimize health and safety management serve as validation to this theme. To find out more about current trends in EH&S management, download the full report at this here.