Global Corporate Survey 2024: EHS Services Budgets, Priorities And Preferences
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Executive Summary
This Verdantix global survey showcases the priorities, preferences and budget plans of 105 corporate EHS leaders surrounding the usage of EHS services. The report helps corporate EHS executives benchmark their firms’ services budgets, investment priorities and preferences relative to their global cohort. The information collated within this survey can also be leveraged by executives within EHS consulting firms to support strategic and business decisions. The 2024 edition of the Verdantix annual global EHS services survey spanned 24 countries and 18 industries. Our analysis of corporate trends shows growing spend for a range of EHS services, notably process safety, ESG reporting and supplier sustainability. The survey also highlights an increasing appetite for transformative services projects, such as EHS process optimization, digitization and strategy setting. It details the type of EHS services firms with which organizations like to partner and indicates the importance of vendors consistently innovating their value offering to retain clients.
Global survey quizzes 105 top corporate EHS executives
Annual survey questions EHS executives across a range of verticals and geographies
Budgets continue to increase to support compliance and drive EHS programme improvements
EHS leaders view services as crucial to supporting numerous programme functions
Firms will increase consulting spend to drive process transformation across key EHS areas
EHS leaders must have a strong business case to secure budget for services projects
Services firms provide expertise to deliver innovation and optimization within EHS procedures
Firms appreciate services to support EHS programme transformation
Services firm support is valued throughout the life cycle of EHS digitization projects
Firms forge strong partnerships with EHS service providers
Respondents value longstanding partnerships with services firms
Firms work with a range of different EHS service providers
Environmental and sustainability projects dominate EHS services project spending
Budgets for environmental services will see a significant increase in 2024
EHS consulting firms are central to corporate ESG and sustainability
Figure 2. Industry breakdown of EHS services survey respondents
Figure 3. The importance of consulting support to EHS sub-functions
Figure 4. Change in corporate budgets for EHS services over the next year
Figure 5. The role of stakeholder groups in determining EHS services budgets
Figure 6. The importance of different consulting project types in achieving corporate EHS goals
Figure 7. The importance of digital services consulting support across various stages of digitization projects
Figure 8. Top factors corporate buyers look for when selecting EHS services partners
Figure 9. Corporate EHS services spend by consulting partner type
Figure 10. Changes in corporate budgets for environmental services over the next year
Figure 11. The importance of services support in achieving ESG and sustainability initiatives
About the Authors
Tom Brown
Senior Consultant, Advisory Services
Tom is a Senior Consultant in the Verdantix Advisory Services practice, where his focus is on delivering client solutions for EHS and sustainability digitization. Tom joined V...
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Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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