Only 22% of Singapore leaders see climate as top risk

Across Asia, 83% of executives say the current economic climate is deprioritising sustainability goals.

Just 22% of Singapore-based business leaders view climate and catastrophic risk as a top concern, despite growing evidence of extreme weather and environmental instability, according to a new report by specialist insurer Beazley.

The figure from Beazley’s Risk & Resilience: Spotlight on Environmental & Climate Risk 2025 report highlights a cautious and economically driven mindset amongst Singapore’s corporate leaders.

Across Asia, 83% of executives say the current economic climate is deprioritising sustainability goals — significantly higher than the global average of 73%.

Despite lower concern about environmental risks, 77% of Asia-based leaders are adopting new risk management procedures in response to extreme weather events.

However, concern around the energy transition is waning: only 17% of executives now rank it as a top risk, down from 25% in 2024.

The report warns that such trends may leave companies vulnerable. Singapore, in particular, has set ambitious decarbonisation goals in sectors like maritime energy, but execution could falter without stronger corporate alignment on climate threats.

Beazley’s survey covered 3,500 business leaders globally, including respondents from Singapore, and sheds light on how environmental risk is being perceived and managed across industries.