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  By Barbara Nebel, CEO, thinkstep-anz In 2025 we saw something important: progress on sustainability continued, even as regulations shifted and economic conditions became challenging. For many organisations, sustainability has become central to resilience, competitiveness and long-term planning. Rather than slowing down, they took more confident steps to manage risk and prepare for the future. Climate disclosure: fewer rules, but the same risks One of the major changes this year was the government’s plan to reduce the number of businesses that need to report their climate-related risks and opportunities. This shift removes the pressure of mandatory disclose and allows businesses to take a more pragmatic approach. It also raised a fair question: if fewer organisations need to disclose, does that mean the financial impacts of a changing climate are becoming less relevant? At thinkstep-anz, we know the answer is no. Climate disclosure has always been more than a compliance task. For manufacturers and other businesses with complex supply chains, it is a practical tool for managing risk. Regulations may shift, but the physical and transition risks of climate change remain. Extreme weather, changing markets and new policies will continue to affect operations, logistics and access to materials. That is why we integrate climate risk and scenario analysis directly into clients’ risk management frameworks. When climate insights sit within existing decision-making processes, they guide investment, planning and strategic direction. After two years of supporting organisations on their disclosure journeys, we are seeing a clear shift: clients are not just reporting; they are preparing for the future with greater clarity and confidence. Scope 3 emissions: more time, better tools Changing regulations also brought more time for some organisations to measure and report their scope 3 supply chain emissions. For many, scope 3 includes the upstream materials they purchase and the downstream use […]