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Multinationals plan 5.4% EHS spending rise in 2018

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Multinational businesses plan an average 5.4% increase in their environment, health and safety (EHS) budgets next year, according to new research by technology consultants Verdantix. A survey of 382 EHS directors in 31 countries found that 35% of respondents expect to increase spending on safety measures, while only 20% plan to raise investment in curbing greenhouse gas emissions.

The survey covers EHS directors in businesses with annual revenues of at least $250 million (£191 million), including ConocoPhillips, BP and Rolls-Royce.

“Our global survey finds that in 2018, 21% of EHS leaders will increase spend in double digits, 26% in single digits and 48% will spend the same budget as in 2017” commented Verdantix analyst, Isabel Velasco.

Two in five directors (42%) plan to increase spending on EHS technology, but less than a third (29%) will raise budgets for consultants.

Asked about emerging technologies, the survey respondents said they were most interested in “smart” equipment and mobile apps for audit and incident management.

Only 35% of EHS directors self-describe themselves as technology leaders.

Louis Wustemann is editor, IOSH Magazine. He was previously editor of Health and Safety at Work magazine and Environment in Business. He has written, edited and consulted on health and safety, environmental and employment matters for more than 25 years.

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