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

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Executive Summary

This report assists EHS decision-makers and vendors in understanding the unique priorities of the mid-market, by examining a subset of the Verdantix 2023 global corporate EHS survey. Mid-market EHS executives can use the report to benchmark their function’s budget, investment priorities and technology preferences relative to their global peers. Verdantix focuses on global respondents from firms with $250 million to $1 billion in revenues, encompassing 18 countries and 22 industries. Of the 75 mid-market respondents, 66% held EHS decision-making titles of director and above. Analysis reveals that mid-market EHS functions are operating with constrained budgets, while their responsibilities for managing ESG reporting and product compliance are expanding. In response, these decision-makers are carefully planning investments in technologies to digitize core EHS functions, while beginning preparations for greater ESG scrutiny. Verdantix sees the mid-market EHS function as well-positioned to withstand future regulatory pressure, so long as it can successfully engage executive teams on budgets and elevate its technology maturity.

Table of contents

Global survey outtake highlights distinct priorities of the mid-market
Annual global survey features 75 mid-market EHS executives across 22 industries
Mid-market EHS functions carefully allocate resources to high-impact projects
Mid-market firms are reluctant to grow EHS budgets, despite expanding functional responsibilities
The mid-market is preparing for an ESG ownership role
EHS influence over ESG remains focused on ensuring compliance
EHS technology priorities highlight opportunities to elevate performance
EHS IT consolidation is essential for future data quality requirements
EHS software is used to support core safety objectives
EHS functions are selective over technology deployment

Table of figures

Figure 1. EHS mid-market respondent industry breakdown
Figure 2. EHS mid-market respondent regional breakdown
Figure 3. Mid-market EHS priorities for the next two years
Figure 4. Enablers for internal mid-market EHS investment
Figure 5. Change in mid-market EHS spend over the next 12 months
Figure 6. Change in 2024 mid-market spend on EHS categories
Figure 7. Role of mid-market EHS functions in managing ESG
Figure 8. Barriers to managing ESG for mid-market EHS functions
Figure 9. Organizational risks flagged by mid-market EHS functions
Figure 10. EHS software digitization plans for the mid-market
Figure 11.  Mid-market drivers for EHS IT consolidation
Figure 12. Mid-market adoption of EHS software by EHS process in 2024
Figure 13. Mid-market digital technology adoption in 2024
Figure 14. AI deployment priorities of mid-market EHS functions

About the authors

Rain Chiang

Rain is an Analyst in the Verdantix EHS practice. His current research agenda focuses on the intersection between EHS and ESG priorities. Prior to joining Verdantix, Rain gained consulting experience from internships at EY and P&G. He holds an MA in Economics and Politics from the University of Edinburgh.

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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