Canalys Forums 2025 US President Donald Trump released a wrecking ball that smashed through environmental, social, and governance (ESG) policies stateside – and it's now swinging across the Atlantic, according to analysts.

ESG has taken a significant backward step since Trump's administration took power in January. Diversity, equity, and inclusion commitments are being forgotten or watered down, and carbon emissions goals are being rewritten.

Diversity, equity, and inclusion is not an illusion, but it soon might be

Against this backdrop and without namechecking the man in the Oval Office, Ben Caddy, senior analyst at Omdia, said it "feels like we've had a real paradigm shift on sustainability" – and not in a good way.

"It seemed like companies were really taking it seriously," he told

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