Global Corporate Survey 2022: EHS Budgets, Priorities And Tech Preferences

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Executive Summary

This report helps EHS executives benchmark their firms’ budgets, investment priorities and technology preferences relative to their global peer group. The data collected through the Verdantix survey also support strategic decision-making and business planning by executives at EHS consulting and technology providers. The 2022 version of the annual global Verdantix EHS survey spanned 31 countries and 25 industries. Of these respondents, 77% represented firms with revenues greater than $1 billion and 66% held role titles of director or above. Respondent data reveal resilient spend in the next 12 months, with very few firms intending to reduce EHS budgets. Verdantix attributes budget increases, in part, to inflationary pressures as firms increase spend in response to rising prices. Secondly, mounting environmental and ESG regulation will shift EHS spend priorities as chemical and hazardous waste compliance and environmental compliance top the list for spend increases. EHS technology adoption will continue to grow across the digital landscape.

Table of contents

Global EHS Survey Provides Clarity On How ESG And An Uncertain Economic Climate Are Shaping Budgets And Priorities 
Annual Global Survey Features Over 300 EHS Executives Across 25 Industries

EHS Is Becoming A Centralized Hub That Supports Firms’ Operational And Sustainability Initiatives 
Traditional EHS Priority Areas Remain Intact Despite ESG, Total Worker Health And Digital Transformation Disrupters
EHS Is Pivotal To Corporate ESG Initiatives, Including Net Zero Responsibilities That Are Top Of Mind For The     C-Suite 
High Penetration Rates For Mental Health And Wellbeing Software Have Not Yet Translated Into Widespread EHS Software Innovation

Emergent Influencers, Led By ESG, Will Result In Steadfast 2023 EHS Budgets Despite An Uncertain Economic Backdrop 
Migrating To Proactive EHS Management Is A Major Driving Force For EHS Budgets 
2023 Sees A Change In Strategy As Firms’ Priorities Shift From COVID-19 To Environmental Management 

There Remains Significant Headroom For Firms To Upgrade Their EHS Technology Ecosystems
Scattered Software Ecosystems Create Opportunity For Improved EHS Insights And Risk Management
There Are Signs Of Growing EHS Software Adoption Amongst Small And Medium-Sized Firms
Firms Are Considering The Full Suite Of EHS Technologies With Mobile Apps And Environmental Sensors Leading The Charge


Table of figures

Figure 1. Industry Categorization Of Firms 
Figure 2. Geographic Location Of Respondents 
Figure 3. EHS Function Responsibilities And Ownership 
Figure 4. EHS Function Priorities Over The Next Two Years 
Figure 5. EHS Function Influence Over ESG Strategies 
Figure 6. EHS Involvement In Environment, Social and Governance Strategies 
Figure 7. Contribution Of EHS To ESG initiatives 
Figure 8. Utilization Of Digital Mental Health And Wellbeing Solutions 
Figure 9. Factors Influencing 2023 EHS Budgets 
Figure 10. Change In EHS Spend In The Next 12 Months 
Figure 11. Change In Spend Across EHS Categories In 2023 
Figure 12. Number Of EHS Point Solutions Utilized By Firms 
Figure 13. Valuable Initiatives To Optimize EHS Risk Management 
Figure 14. SME Adoption Of Software By EHS Processes In 2023 
Figure 15. Adoption Of Digital Technologies In 2023 

About the authors

Christopher Sayers

Senior Analyst
Chris is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on EHS software, product compliance software and digital mental health and wellbeing solutions. He was also the lead author of the most recent Verdantix EHS Software Green Quadrant benchmarking study. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialized in robotic process automation (RPA). He holds an MEng in Engineering Science from the University of Oxford, with a concentration on machine learning and machine vision.

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.

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