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 ExistGlobal 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 BudgetsFigure 2. Select ESG Regulations Impacting EU And NA Firms
Figure 3. Granular ESG Concerns By Geography
Figure 4. Geographic Brand Awareness
Organisations mentioned
Benchmark ESG, Cority, DNV , Enablon, EU-OSHA, European Parliament , Evotix, Global Reporting Initiative (GRI), Intelex, iPoint-systems, Mental Health Europe, ProcessMAP, Quentic, SAI360, SAP, Sphera, UL Solutions, US Environmental Protection Agency (EPA), US Occupational Safety And Health Administration (OSHA), US Securities and Exchange Commission, VelocityEHSAbout the authors
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