Is Automated ESG Software The New Garlic Bread?

Is automated ESG software the new thing, even tastier than garlic bread? It seems so and let’s face it, insurance brands to tick those boxes as efficiently as possible. Here’s the word;

Private equity investor interest is building in the fast-growing Environment, Health and Safety (EHS) software market with more than 50 transactions in the past two years, a new report from leading independent research and advisory firm Verdantix shows. The market for EHS software is expected to grow from $1.6 billion in 2022 to around $2.7 billion by 2027 as the sector proves resilient in the face of the global economic downturn. Verdantix highlights training and e-learning specialists as likely acquisition targets, alongside supply chain and contractor management specialists.

Key differentiators for firms in the sector include the use of Artificial Intelligence (AI) and automation, with ESG and sustainability seen as major areas for expansion and development in what is a largely mature EHS software market. The past 24 months have already seen a tsunami of ESG-aligned product releases, acquisitions and partnerships, driven by huge revenue potential.


The report, Green Quadrant: EHS Software 2023, outlines how buyers increasingly seek all-in-one integrated solutions, including EHS, ESG and operational risk management. It describes seven firms – Benchmark ESG, Cority, Enablon, Intelex, SAI360, Sphera and VelocityEHS – as offering robust all-round EHS management capabilities, making them ideally placed to react to this change in buyer demand.

The report benchmarks 23 of the most prominent EHS platform vendors. Companies performing well in the sector include Cority, which is private equity backed and is expanding its ESG and sustainability functionality, and Enablon, which focuses on offering EHS and operational risk solutions for large enterprises in asset-intensive and high-risk industries. Other notable firms include DevonWay, which combines EHS with enterprise asset management and has deep expertise in the energy and nuclear industry. Alcumus , which was acquired by Apax Partners for more than $800 million in March 20222, with deep expertise in contractor management.

Benchmark ESG is strongly focused on emerging technologies including AI while Origami Risk is integrating EHS and Risk Management across a unified platform and is seen as innovator in the market. HSI’s expanding EHS management platform is focused on training and engagement while Quentic’s localized presence across Europe means they are adept at meeting the country-specific requirements of European customers.

Chris Sayers, Industry Analyst at Verdantix said : “Over the past two years, the market landscape for EHS software has undergone a paradigm shift, as EHS providers have expanded their product offerings to meet the ravenous appetite for robust environmental management solutions brought on by the ESG megatrend.

“As EHS functions seek to interlink with other business operations, providers are turning to emerging technologies as a point of differentiation and redefining the functional possibilities of EHS software.”

About alastair walker 10925 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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