Europe’s biggest companies are increasing disclosure of their AI-related practices and governance by providing “significantly more” information about their policies to “increase transparency and ensure accountability,” a new report has found.
The latest Decoding AI Disclosure report, produced by FTI Consulting, Trinity College Dublin and Mason Hayes & Curran Research, analyzes AI-related statements in the annual and sustainability reports of Europe’s 50 largest companies in the STOXX Europe 50 Index.
This is the second Decoding AI Disclosure report, and the study shows the progress companies have made in providing significantly more detail about their AI governance frameworks.
This coincides with the implementation of EU AI legislation, which the report says has reshaped expectations around the transparency, accountability and responsible use of AI.
“It is clear from the 2025 review that companies are providing more information about their governance frameworks, including policies, board oversight, training, risk management and key performance indicators (KPIs),” the report said.
The report said the most significant progress was seen in KPI reporting, reflecting stronger measurement practices and a clear shift from a broader commitment to managing AI-related risks and opportunities to a more strategic, evidence-based approach.
Reporting on KPIs increased by 162% from 13 companies in 2024 to 34 companies in 2025.
Daniel Malan, director of the Trinity Corporate Governance Lab, said accurate disclosure about AI “increases transparency and affirms two fundamental principles of corporate governance: accountability.”
“We are particularly pleased with the improvement in disclosures in the area of KPIs, which signals a maturity of disclosures. However, much work remains in terms of standardizing reporting frameworks to ensure comparability.”
The number of companies that cited an AI policy increased from 19 to 28, and the number of companies that disclosed evidence of board-level AI oversight increased from 23 to 34.
“It is encouraging that more than two-thirds of companies now have board-level oversight of AI,” said Arnaud Cave, director of strategic communications at FTI Consulting.
