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.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
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
Chris Sayers
Senior Manager
Chris is a Senior Manager at Verdantix. His current research agenda targets enterprise AI integration and adoption, AI market trends and agentic AI. Chris joined Verdantix in ...
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Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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