As 2025 draws to a close, the global climate and sustainability landscape remains in flux. This edition highlights how regulatory developments are increasingly defined by two parallel trends: streamlining and retreat in established markets, and deeper international alignment in emerging ones.

The Council on Sustainability Transformation, a group of leaders from corporations, governments, and academia convened by ERM, has launched a new white paper warning that without integrated climate and nature-focused transition plans, companies risk undermining long-term value, while missing opportunities to build resilience and unlock new sources of commercial growth.