Business leaders have overestimated the future impact of climate change on their operations since 2022. However, in 2025, reality outstripped executives’ expectations. This alignment of perception and reality should highlight the need for climate risk to be taken more seriously.
Despite being consistent threat, environmental damage has never topped the boardroom risk agenda. The gap between business leaders’ expectations and reality, suggests that they are prioritising other risks, potentially at their peril.
Last year, executives expected greenhouse gas emission risk concern to remain high, but instead it has dropped significantly. At this critical inflection point in the energy transition, reducing greenhouse gas emission risk needs to remain a priority.
For the second year in row, executives have underestimated the threat of energy transition risk. This risk hasn’t dissipated and is expected rise further over the next 12 months.
Business leaders have overestimated the future impact of climate change on their operations since 2022. However, in 2025, reality outstripped executives’ expectations. This alignment of perception and reality should highlight the need for climate risk to be taken more seriously.
Last year, executives expected greenhouse gas emission risk concern to remain high , but instead it has dropped significantly. At this critical inflection point in the energy transition, reducing greenhouse gas emission risk needs to remain a priority.
For the second year in row, executives have underestimated the threat of energy transition risk. This risk hasn’t dissipated and is expected rise further over the next 12 months.
Despite being consistent threat, environmental damage has never topped the boardroom risk agenda. The gap between business leaders’ expectations and reality, suggests that they are prioritising other risks, potentially at their peril.
The Beazley Cyber Action Plan is intended as general risk management information. It is provided with the understanding that Beazley does not render legal services or advice. Use of this Plan and making any recommendations from the Plan does not constitute purchasing an insurance policy from Beazley nor does it entitle the user to purchase an insurance policy from Beazley.
The Beazley Cyber Action Plan is intended as general risk management information. It is provided with the understanding that Beazley does not render legal services or advice. Use of this Plan and making any recommendations from the Plan does not constitute purchasing an insurance policy from Beazley nor does it entitle the user to purchase an insurance policy from Beazley.
The Beazley Cyber Action Plan is intended as general risk management information. It is provided with the understanding that Beazley does not render legal services or advice. Use of this Plan and making any recommendations from the Plan does not constitute purchasing an insurance policy from Beazley nor does it entitle the user to purchase an insurance policy from Beazley.
The Beazley Cyber Action Plan is intended as general risk management information. It is provided with the understanding that Beazley does not render legal services or advice. Use of this Plan and making any recommendations from the Plan does not constitute purchasing an insurance policy from Beazley nor does it entitle the user to purchase an insurance policy from Beazley.
Large publicly listed in the EU companies must report FY 2024 data.
UK: Draft UK SRS expected Q1 2025, effective FY27.
Canada: CSDS launched December 2024, voluntary adoption.
China: Basic Standards unveiled December 2024, mandatory ESG reporting for large companies by 2026.
Australia: ASRS effective January 2025.
Singapore: Scope 1 and 2 GHG disclosures for listed companies in 2025, Scope 3 by 2027.
Hong Kong: Mandatory GHG disclosures in 2025, full adoption by 2028.
Other Jurisdictions: Exploring ISSB standards adoption.
Regulation enters into force.
Voluntary Carbon Market Disclosures Act (AB 1305) compliance date.
Mandatory for existing funds.
Implementation begins for large companies.
Omnibus simplification package updates.
Increased enforcement actions and new categorisation scheme.
Draft report on activities and technical screening criteria published.
First compliance report for climate-related financial risk disclosure under SB 261.
All large EU companies must report FY 2025 data, including large EU subsidiaries of third country firms.
Full application of the regulation.
Deadline for EU Member States to transpose the CS3D into national law.
EU companies with 5,000 employees and a €1.5 billion net turnover, alongside non-EU companies that generated a net turnover of over €1.5 billion in the EU during the previous financial year, must report.
All publicly listed businesses on EU regulated markets must report FY 2026 data.
Full adoption of ISSB standards for large entities.
All third-country businesses with a branch or subsidiary in the EU must report FY 2027 data.
EU companies with 3,000 employees and a €900 million net turnover, alongside non-EU companies that generated a net turnover of over €900 million in the EU during the previous financial year, must report.
Emissions assurance for large non-listed companies.
EU companies with 1,000 employees and a €450 million net turnover, alongside non-EU companies that generated a net turnover of over €450 million in the EU during the previous financial year, must report.
Full framework operational for ESG reporting.