Release financial and sustainability-related disclosures on the same day
Article Posted date
27 June 2025
Insurers’ sustainability-related disclosures continue to evolve in a landscape of new reporting standards and increasing investor expectations.
At the same time, insurers are reporting in a context of more frequent and extreme weather-related events affecting both the insurance industry and society.
Our 2024 benchmarking analysis of sustainability-related disclosures covers 45 major insurers. It focuses on five key areas for insurers in their sustainability reporting:
- transition and extreme weather action plans;
- financed and insurance-associated emissions;
- nature and biodiversity-related disclosures;
- consumers and end-users; and
- business conduct.
Belgian insurers have published their first CSRD reports, marking a key step toward greater transparency in sustainability reporting. Like their peers at the EU level, Belgian undertakings made significant progress on transition plans and financed emissions. However, reporting on insured emissions remained limited due to data and methodological challenges. Moving forward, CSRD-eligible insurers have the opportunity to strengthen the comparability of their disclosures by embracing more quantitative, data-driven narratives.
Synchronised reporting
59%
Synchronising disclosures helps to improve the coherence and connectivity of reporting. Insurers in the EU, the UK, Australia and China are most likely to publish their financial and sustainability reports simultaneously.
Transition plans
42%
Publish transition plans to a lower carbon economy
Transition plans, based on an understanding of underlying pathways and associated risks, are essential to achieving net-zero goals. More insurers are publishing transition plans – up from 34 percent in our 2023 analysis.
Financed and insurance-associated emissions
80%
Disclose financed emissions, but only 18 percent disclose insurance-associated emissons
Insurers face difficulties in sourcing reliable data for financed and insurance-associated emissions. More than two-thirds disclose data challenges.
Nature- and biodiversity-related disclosures
49%
Acknowledge nature- and biodiversity-related risks
Nature and biodiversity are gaining attention in insurers' risk management policies. Those that acknowledge potential impacts of investment on nature and biodiversity are incorporating biodiversity themes into their investment policies and strategies.
Business conduct
29%
Disclose corporate governance and business conduct performance targets
European insurers reporting under the Corporate and Sustainability Reporting Directive (CSRD) are the most likely to disclose quantitative metrics and targets. The most common corporate governance and business conduct disclosures are attendance rates for training programmes, the executive gender balance and complaint levels.
Our analysis covers 45 insurers
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