Market Insight: How The Intersection With ESG Is Transforming The EHS Software Landscape
31 Jul, 2024
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Executive Summary
The EHS software and function landscape has been transformed by its intersection with ESG. Across both software and functions, EHS has undergone numerous changes, propelled by the maturity of particular vendors and firms, their exposure to regulations and investor pressure, their willingness to adapt, and their ability to make progress. The EHS function has seen its role move from that of handling ad hoc requests – under pressure to produce data and deliver strategy – into planning, executing and owning sustainability initiatives, and then to stepping back, to serve as a buttressing function. Vendors have simultaneously adjusted their capabilities, to reflect new priorities and to remain competitive, via internal development, strategic partnerships and targeted acquisitions. Together, these shifts have fundamentally affected how EHS vendors see the market and have set the course for the future of EHS software.
Summary for decision-makers
The intersection of ESG and EHS has had undeniable impacts on organizational operations, responsibilities, outlooks and strategies
Operational impacts of the traditional EHS role have shifted in response to ESG pressure, but are stabilizing in mature firms
The EHS software market has evolved reactively amid regulatory and investor pressure
Solution capabilities have rapidly altered in the face of competition and consumer demand
Amid the challenges ahead, EHS functions have a robust toolbox to draw on
The intersection of ESG and EHS has had undeniable impacts on organizational operations, responsibilities, outlooks and strategies
Operational impacts of the traditional EHS role have shifted in response to ESG pressure, but are stabilizing in mature firms
The EHS software market has evolved reactively amid regulatory and investor pressure
Solution capabilities have rapidly altered in the face of competition and consumer demand
Amid the challenges ahead, EHS functions have a robust toolbox to draw on
Figure 1. Matrix of EHS officer responsibilities over time
Figure 2. Shift in ESG-related responsibility responses: 2022-2023 (percentage point change)
Figure 2. Shift in ESG-related responsibility responses: 2022-2023 (percentage point change)
Quentic, Protex AI, AMCS, DNV , SAI360, SAP, Cority, VelocityEHS, Ecometrica, IsoMetrix, HSI (the US Health & Safety Institute), EcoOnline, AnchoRock, US National Safety Council, Sphera, NIOSH (US National Institute for Occupational Safety and Health), Enablon, Peoplesafe, Ok Alone, Benchmark Gensuite, NV, US Environmental Protection Agency (EPA), FigBytes, Intelex
About the Authors
Nathan Goldstein
Senior Analyst
Nathan is a Senior Analyst in the Verdantix EHSQ practice out of the New York office. His current research agenda focuses on the intersection of sustainability and ESG trends …
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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,…
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