Facebook icon LinkedIn icon Twitter icon


Global Survey 2014: EH&S Budgets and Priorities

Date: 12 February 2014

Access This Report

This report is available to Verdantix clients with a Knowledge Service Subscription.

Verdantix clients:

Not a client but want access
to this report?


27 pages, 14 Figures

 

Executive Summary

This report helps heads of EH&S to understand environmental strategies, governance approaches, budget allocations, spending trends, and priorities at high-revenue firms worldwide. We interviewed EH&S decision-makers and budget-holders, with job titles such as Director of Health and Safety, Head of EH&S, Head of Environment, and VP of Environment, from 250 firms with revenues of at least $250 million. The EH&S heads were from 13 territories: Australia, Brazil, Canada, China, France, Germany, India, Mexico, the Middle East, Russia, South Africa, the UK and the US. Respondents’ firms spanned 19 industries covering business and financial services, consumer services, energy and basic resources, manufacturing, and retail and consumer products. Verdantix found that EH&S leaders have a high level of responsibility for the environmental activities implemented by their firms, as well as significant decision-making authority and budgetary autonomy. Verdantix also found stability in environmental budgets, with EH&S leaders forecasting a robust increase in spending over the next 12 months.

TABLE OF CONTENTS

GLOBAL SURVEY 2014: EH&S BUDGETS AND PRIORITIES

Verdantix Surveyed 250 Directors Responsible For Environmental Management

MATURITY OF EH&S STRATEGIES DOES NOT CORRELATE TO RISK EXPOSURE

Majority Perceive Their Exposure To EH&S Risk As Medium Or High
Half Of Firms Take A Long View Of EH&S, Or None At All

EH&S BUDGETARY CONTROL REFLECTS STRONG DECISION-MAKING AUTHORITY

Centralized EH&S Governance, But Budgets Remain Decentralized
EH&S Leaders Oversee A Broad Spectrum Of Environmental Activities
EH&S Function Has Decision-Making Power Over Environmental Initiatives
Budgetary Control Over EH&S Activities Mirrors Decision-Making Authority

EH&S BUDGETS ARE STABLE WITH ROBUST GROWTH AHEAD

EH&S Leaders Expect Healthy Increase In Spending
EH&S Budgets Reflect A Large Investment In Employees
Environmental Products And Services Mostly Purchased Using EH&S Budgets
Financial Risk Has Strongest Influence Over EH&S Budget

IMPROVING COMPLIANCE AND EH&S INFORMATION MANAGEMENT ARE KEY AREAS

Compliance Tops List of EH&S Leaders’ Priorities For 2015
EH&S Leaders Predict Steady Investment Across EH&S Products And Services

TABLE OF FIGURES

Figure 1. Geographic Location Of Survey Respondents
Figure 2. Industry Categories Of Firms Surveyed
Figure 3. Most EH&S Leaders Categorize EH&S Risks As Medium
Figure 4. Firms Hold A Long-Term View For EH&S Management
Figure 5. EH&S Governance Structure
Figure 6. EH&S Leaders’ Responsibilities
Figure 7. EH&S Leaders’ Decision-Making Authority
Figure 8. EH&S Leaders’ Budgetary Control
Figure 9. Expected EH&S Activity Budget Change In Next 12 Months
Figure 10. Breakdown Of Total EH&S Spend
Figure 11. Source Of Budget For Environmental Products & Services
Figure 12. Factors Influencing The EH&S Budget
Figure 13. EH&S Activities’ Importance For Performance Improvement
Figure 14. Firms’ Purchase Intentions For Environmental Products & Services

ORGANIZATIONS MENTIONED

AGL Upstream Investments, BP, Chevron Phillips Chemical, CMO Compliance, Coca-Cola, CRedit360, Dow Jones & Company, Enablon, Environment Agency, Essar Energy, E.Vironment, FTSE, LKAB, Madhya Pradesh Pollution Control Board, Ophir Energy, Orica, Sellafield Ltd, Shell International Exploration and Production