Strategic Focus: ESG Reporting Will Force Firms To Consolidate Legacy EHS IT Systems
Executive Summary
For three decades firms have invested in digital solutions to manage environmental, health and safety processes. In the 1990s and the 2000s firms often bought EHS IT systems at a site or divisional level, or for a region. Operational groups such as industrial hygienists, chemical compliance experts and environmental engineers procured their own best-of-breed solutions from vendors such as Enviance, Medgate, MSDSonline and opsInfo. Whilst integrated EHS software platforms became more prevalent from 2015 onwards, the majority of large enterprises with revenues above $5 billion still run a multitude of new and old EHS IT systems, with some operating as many as 200 different applications. This report explains why a highly fragmented EHS IT estate is not compatible with enterprise-wide ESG disclosures and points to the implications for corporates, services firms and tech vendors.
Table of contents
New ESG Reporting Dictates Require Robust EHS Data Management CapabilitiesA Fragmented EHS IT Estate Poses Multiple Problems For ESG Reporting
Consultants Should Amp Up Their EHS Digital Transformation Tunes
EHS Software Vendors Need To Ride The Consolidation Wave – Or Lose Out Big Time
Table of figures
Figure 1. Example ESG Reporting System Architecture For A $5-Billion-Plus Revenue Organization
Figure 2. Implications Of A Fragmented EHS Ecosystem For ESG Compliance
Figure 3. Business Functions Responsible For Implementing ESG Strategies
Figure 4. Lockheed Martin To-Be EHS And ESG Systems Architecture Diagram
Figure 5. The Crowded ESG Reporting And Data Management Software Market
Organisations mentioned
Accenture, Anaplan, BlackLine, CCH Tagetik, CDP, Cority, Damstra, Deloitte, Diligent, dss+, Enablon, Enviance, EY, Global Reporting Initiative (GRI), Ideagen, Intelex, IsoMetrix, Jedox, Lockheed Martin, LucaNet, Medgate, MetricStream, Microsoft, MSDSonline, OneStream, opsInfo, Oracle, Origami Risk, Planful, S&P Global, SafetyCulture, SAI360, SAP, Sphera, US Securities and Exchange Commission (SEC), VelocityEHS, Wolters Kluwer, WorkivaAbout the authors
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