3
1
4
5
6
7
8
9
61%
Operational challenges
People challenges
Market disruption
Economic risks
Geopolitical risks
Reputational risks
Technological risks
Climate change risks
Rank
2025
% High impact
% Annual change
2024
Risk category
CxO/Board/GC responses
Rank
% High impact
1
Increased regulatory & compliance burden
Societal risks
10
19%
42%
61%
3%
58%
59%
17%
42%
54%
-4%
58%
50%
-32%
6
2
7
3
1
4
8
5
9
10
49%
47%
46%
44%
29%
-5%
12%
-6%
13%
3%
82%
54%
35%
52%
31%
26%