Environmental management budgets set to escalate
More than 62% of corporations worldwide will increase spending on environmental management initiatives in 2014 and 31% will increase spend in the double-digits according to a new report from independent analyst firm Verdantix.
The survey of 250 heads of environment, health and safety in 13 major economies found that just 3% plan to cut spend in 2014 compared to 2013, whilst 36% will hold spending in line with inflation.
“Spending on environmental issues such as air, soil and water pollution, permitting, waste, water and GHG emissions is in robust shape in 2014,” commented Verdantix ceo, David Metcalfe.
“Compared to spend on energy management and sustainability, the EH&S market looks much more attractive. Particular hotspots for global environmental spending in 2014 will be EH&S software provided by suppliers like Enablon, GenSuite and Intelex, environmental reporting, auditing and compliance. Product sustainability has also emerged as a priority theme for 2014.”
You can access the report here