Hazard Evaluation Ltd Company Profile

Background

Hazard Evaluation Ltd (HazEL), founded in 2020 and headquartered in New Zealand, is dedicated to reducing chemical harm through innovative solutions. The company's mission is to develop simple tools that enhance efficiency in chemical decision-making, thereby promoting transparency in the chemical supply chain. HazEL's primary focus is on ranking chemicals based on their environmental and human health effects, alerting users to new information that may indicate a product is a chemical of emerging concern. This approach addresses the challenges posed by the vast number of chemicals in daily use and the ever-growing body of related academic research.

Key Strategic Focus

HazEL's strategic focus centers on systemizing chemical risk management for Environmental, Social, and Governance (ESG) reporting at the board level. By distilling available information, the company rapidly identifies areas requiring additional attention, thereby maximizing efficiency and streamlining resource allocation. This flexible simplicity complements existing systems used in chemical risk management decisions, enabling organizations to commence urgent actions required to reduce the degradation of natural habitats and improve human health outcomes.

Financials and Funding

As a privately held company, specific financial details and funding history for HazEL are not publicly disclosed. The company operates with a focus on developing and providing its SaaS tool to clients, aiming to enhance chemical management practices globally.

Technological Platform and Innovation

HazEL's proprietary SaaS platform sources and standardizes data from various sources, filling data gaps with proprietary algorithms. This systemized approach to chemical risk management enables regulators and manufacturers to utilize HazEL for chemical prioritization, risk assessment, and management decisions. The platform's design promotes transparency in the chemical supply chain and supports ESG reporting at the board level.

Leadership Team

Kate Bromfield: CEO and Founder, Director of HazEL-UK. With a PhD in marine palaeontology/climate change, Kate has a background in enhancing environmental benefits and sustainability within economic frameworks. She conceived the idea for HazEL while leading a team of specialist scientists working on the toxicological and ecotoxicological effects of chemicals in New Zealand. Kate has also represented New Zealand at OECD panels on chemical risk assessment and chemical hazards.

Richard Coomber: CTO and Founder. Richard is responsible for change, development, and integration, with a background in strategy and program establishment. His experience spans banking processes, dynamic CRM, FMCG start-ups, B2B, cross-platform app development, cybersecurity, and enterprise integration.

Alan Buxton: Director of HazEL and HazEL-UK. Alan is a seasoned tech executive with over two decades of experience helping tech startups and scale-ups grow. He focuses on creating high-performing teams and leading them to develop innovative products that make a positive difference for users.

Nick Jackson: Director. Nick is an experienced director and energy sector executive, running a New Zealand-based energy consultancy. He evaluates investment opportunities ranging from market entry strategies to innovative solutions assisting with the global transition to renewable energy.

James Alexander: Director & Strategic Partner UK. James is responsible for the production, program design, and placement of environmental risk internationally (excluding the US). He assists clients in understanding environmental risks, available coverage, and policy placement, with experience in insuring de-watering activities, waste storage facilities, and environmental liabilities during the transition to a low-carbon future.

Garry Mooney: Risk Management Consultant. Garry has extensive knowledge of the risk management and insurance industries, with worldwide contacts that HazEL has connected to. As a Qualified Risk Manager (ARM), he understands the benefits to businesses for both insured and uninsured risks.

Alex Cliff: Chemical Engineer. Alex joined HazEL in 2022 on a Callaghan Innovation Career Development Grant and has become integral to software development, bridging the team's understanding of chemical hazards and software development.

Stephanie Jervis: Special Projects Manager. Stephanie has a regulatory background, having worked with the ZAA as their Regulatory Manager before joining HazEL. She holds an MSc in marine biology and has experience in US publishing startups, excelling in communication and client liaison.

Competitor Profile

Market Insights and Dynamics

The chemical risk management industry is experiencing significant growth due to increasing regulatory requirements and a heightened focus on environmental sustainability. Organizations are seeking efficient solutions to manage chemical hazards and comply with evolving standards, creating a dynamic market landscape.

Competitor Analysis

HazEL operates in a competitive environment with several key players offering similar services:

EHS Risk Management: A consulting company that develops environmental health and safety (EHS) software.

Safety Training & Consulting (STC): Provides safety and health services, focusing on training and consulting.

Risktec Solutions: Offers risk management, consulting, resourcing, learning, and inspection services.

Fire Consult: Specializes in fire protection services.

AssetCo: Provides management and resources to fire and rescue emergency services in international markets.

These competitors offer a range of services in the EHS and risk management sectors, each with unique focus areas and technological capabilities.

Strategic Collaborations and Partnerships

HazEL's leadership team includes directors and strategic partners with extensive experience in environmental risk management, energy consultancy, and technology development. These collaborations strengthen HazEL's market position and innovation capacity, enabling the company to expand its capabilities and reach.

Operational Insights

HazEL's strategic considerations involve leveraging its proprietary SaaS platform to offer efficient chemical risk management solutions. By focusing on transparency and ESG reporting, HazEL differentiates itself from competitors and addresses the growing demand for sustainable chemical management practices.

Strategic Opportunities and Future Directions

HazEL aims to expand its market presence by continuously enhancing its platform's capabilities and forming strategic partnerships. The company's focus on reducing chemical harm and promoting transparency positions it to capitalize on the increasing emphasis on environmental sustainability and regulatory compliance in the chemical industry.