Market Insight: Comparing EHS Priorities In The European and North American Markets

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Executive Summary

The global alignment of EHS priorities is accelerating. This trend is largely dictated by economic and regulatory pressures, with nuances by regional market and unique industry traits. In a period of economic volatility, overall EHS budgets have remained resilient, while ESG-specific allocations have reflected the discrepancy in investment amounts, given the continued geographic discourse around financial and regulatory pressure. Despite regional differences in vendor selection priorities and legislative prerogatives, the overarching core goals and processes around health, safety and the environment are expected to grow in importance across geographies, as novel technologies continue to push the sector towards digitized optimization.   

This report outlines the similarities and differences in the European and North American (NA) markets, considers the specific drivers for each region, and provides a look ahead to the coming years. 

Table of contents

At A High Level, EHS Priorities Are Similar Across Geographies, But Regional Nuances Exist
Global EHS Markets Are Impacted By Macro And Micro Factors
Geography Reflects ESG Concerns Through Varied Importance, Organizational Ownership, And Budget Levels
EHS Functions Display Similarity Around Core Health And Compliance Priorities Across Regions 
Regional Differences In Preferred EHS Vendors Are Dictated By Selection Bias And Overarching Priorities
Regional EHS Megatrends Are Expected To Align And Accelerate

Table of figures

Figure 1. Changes In Firms' EHS Budgets
Figure 2. Select ESG Regulations Impacting EU And NA Firms
Figure 3. Granular ESG Concerns By Geography 
Figure 4. Geographic Brand Awareness

About the authors

Nathan Goldstein

Senior Analyst, EHS

Nathan is a Senior Analyst in the Verdantix EHS practice out of the New York office. His current research agenda focusses on the intersection of Sustainability and ESG trends with the EHS operational sphere. Prior to joining Verdantix, Nathan worked at Bluefield Research where he gained experience in consulting and market research within the global water industry. Nathan holds a MSc in Water: Science and Governance from King’s College London.

Bill Pennington

VP Research, EHS & Risk Management.

Bill leads the Verdantix Environment, Health & Safety and Risk Management practice. His current agenda focuses on EHS and sustainability services, product stewardship as well as benchmarking EHS technology buyer’s budgets, priorities and preferences globally. Bill comes from a background of corporate EHS roles in the manufacturing and logistics industries. He holds an MBS degree in sustainability from the Rutgers University.

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