Global Corporate Survey 2023: EHS Budgets, Priorities And Tech Preferences

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 provide context and evidence for strategic decision-making and long-term planning by EHS consulting and technology providers. The 2023 version of the annual global Verdantix EHS survey spanned 30 countries and 25 industries. Of the 301 respondents, 75% represented firms with revenues greater than $1 billion and 67% held titles of director or above. Respondent data indicate increased spending over the next 12 months, with more than 75% of participants noting a rise in amounts directed towards new or ongoing projects. Higher budgetary expenditure stems from continued and accelerating pressure around environmental concerns and ESG reporting mandates. Firms are also applying novel technology such as AI across multiple use cases, and taking steps to confront and address evolving risks. Verdantix expects the pace and breadth of EHS technology adoption to continue to grow across the digital landscape.