Indeed, EHS spending is on the rise. A global survey by Verdantix of 312 EHS executives found that 10 percent of firms will increase spending in 2016 by double digits and 21 percent will spend between 5 percent and 9 percent more next year. Three quarters of respondents expect budgets to increase in 2016, which is an increase from 62 percent who increased spend in 2015.

This shows environmental issues are being taken seriously, Tesler says. “CEOs are investing in sustainability today not for fear of lawsuits, but simply because it makes strong financial sense and increases their company’s brand equity.”

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