The committee welcomed new Chair Katie Lennon and discussed Lloyd’s ongoing sustainability priorities, with an update from Jessica Tamman. Lloyd’s reaffirmed its focus on reporting requirements, transition support and the Sustainable Markets Initiative (SMI). Members held a roundtable on 2025 priorities including firm and client transition plans, AI’s role in greenwashing, and US policy impacts. The committee agreed to explore the ‘S’ in ESG in H2 2025. Future actions include sharing SMI documentation, exploring emissions accounting with Moody’s and inviting external experts. Climate litigation risk and CRWG’s 2025 focus areas were also reviewed.