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Executive Summary

An integral arm of any firm’s operation, the EHS function in its modern form has existed for more a century. Over the course of this time, it has evolved to address risks that have manifested via factors such as alterations to manufacturing processes, advancements in technological capabilities, implementation of regulations, and external liabilities. The function has largely shifted from a pen-and-paper format to a digitized operation, leveraging suites of sensors and modules that allow it to track and diagnose root causes. However, as industries come under increasing pressure to incorporate advanced technology and external mandates, the risk profile that EHS functions must be aware of is growing.

Table of contents

EHS risk management is transforming step by step
Risk vectors are accelerating in breadth and tempo
EHS functions are undergoing a rapid evolution in risk management
With increased risk comes the need for a holistic understanding of occurrence
EHS functions must identify and leverage innovative solutions for risk management

Organisations mentioned

BP, Norfolk Southern, Rio Tinto

About the authors

Nathan Goldstein

Senior Analyst
Nathan is a Senior Analyst in the Verdantix EHS practice out of the New York office. His current research agenda focuses on the intersection of sustainability and ESG trends within the EHS operational sphere. Prior to joining Verdantix, Nathan worked at Bluefield Research, where he covered the global water industry, with a focus on the energy, industrial and digital segments. Nathan holds a MSc in Water: Science and Governance from King’s College London.

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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