NEW YORK--(BUSINESS WIRE)-- Seven consulting and engineering providers lead the US market for environmental services according to a new report from independent analyst firm Verdantix. Through their national reach, end-to-end project management capabilities and investments in enhanced sustainability performance AECOM, AMEC, ARCADIS, CH2M HILL, ERM, SAIC and URS have established themselves as leaders in a field of 20 environmental services providers assessed in the study.
“Leaders in the environmental services market have done two smart things to establish their market position,” commented Emilie Beauchamp, Verdantix Industry Analyst and author of the report. “Firstly, they responded effectively to customer demands for environmental innovation and a more strategic approach to environmental management. Secondly, they have invested to enhance their sustainability credentials and technical expertise. CH2M HILL best illustrates the leap from delivering EH&S compliance engagements to differentiating project value with sustainability.”
The Verdantix report, Green Quadrant Environmental Services Providers, contains a detailed assessment on 50 criteria of the 20 most significant players in the US environmental services market. The eight assessment areas covered in the study consist of: remediation, EH&S compliance, environmental impact assessment, EH&S management, transaction services, waste management, product-level environmental compliance and natural resource management.
The seven environmental services market leaders differentiate themselves on five metrics: 1) Availability of multi-disciplinary teams to deliver the entire project without sub-contracting; 2) National presence and delivery capability to speed time to value; 3) Recent acquisitions which have boosted technical expertise; 4) Pre-built environmental innovation ecosystems involving equipment suppliers, standards bodies and universities; 5) Investments in sustainability data collection, reporting and goal-setting which shows they practice what they preach.
As part of the study Verdantix interviewed a panel of customers with revenues totalling $1.2 trillion who said that higher natural resource costs, tight operating budgets, fears over reputational risks and increased concern over the costs of environmental disasters have launched environmental strategies on a new trajectory. Over the next 2 years, 47% of customers surveyed for the report plan to increase spending on remediation and waste management, 40% plan to increase spending on transaction services and EH&S compliance. When short-listing providers, 93% of customers consider technical expertise is ‘very important’, 60% regulatory expertise, 60% time effectiveness, 53% industry track record, 53% cost effectiveness and 47% end-to-end project delivery capability.
“Buyers of environmental services have upped their demands. They want innovation, not just compliance. They want efficiency savings as well as timely project delivery. They want providers to share risk, not wash their hands of liabilities. They want to get ahead of the curve not get caught out by new regulations,” stated Rodolphe d’Arjuzon, Verdantix Global Head of Research.
To find out more attend the complimentary June 21 Verdantix webinar 'Competitive Benchmark Of US Environmental Services Providers'.
Verdantix is the fastest-growing, independent, analyst firm focused on energy, environment and sustainability. Through our global primary research and deep domain expertise we provide our clients with strategic advice, revenue generating services, best practice frameworks, industry connections and competitive advantage. For more information visit: www.verdantix.com.