ERM：2025年全球法规雷达报告-第三版（英文版）

Regulatory momentum on climate and sustainability has entered a new, more uncertain phase. While rules around Environmental, Social & Governance (ESG) and Environmental, Health & Safety (EHS) are still evolving rapidly, especially in areas like disclosure and accountability, progress has slowed in many regions as priorities shift toward energy security, economic resilience, and geopolitical concerns. This shift is especially pronounced in North America and Europe but reflects a broade