AI Risk Disclosure Grows in UK Company Reports, Lacks Substantiveness

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Analysis of UK company annual reports from 2020-2025 shows a significant increase in mentions of AI risk and adoption. Despite this rise, the depth of these disclosures remains limited, with few reports detailing substantive risk mitigation strategies.

Key facts

• The share of UK company annual reports mentioning AI risk grew from 2.8% in 2020 to 41.2% in 2025.
• Disclosures of AI adoption increased from 13.8% to 45.2% between 2020 and 2025.
• Microsoft was identified as a leading named vendor in disclosures.
• Only 4.3% of reports in 2025 contained substantive AI risk disclosure.
• Disclosures of AI-related harm were infrequent.