Number of Companies with Validated Net Zero Targets Triples

Latest SBTi Report Sees Ongoing Surge in Ambitious Climate Action

The new SBTi Trend Tracker 2025 shows a sharp rise in the number of companies adopting science-based climate targets. The data reveals that the trend spans all sectors and regions, with companies steadily increasing the ambition of their goals in collaboration with the Science Based Targets initiative (SBTi).

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Companies all over the world are ramping up their efforts and building their climate strategies on firmer ground, according to the new SBTi report, which provides detailed figures on the adoption of science-based climate goals worldwide. To date, roughly 11,000 companies worldwide have either set an SBTi target or committed to doing so in the future. Between early 2024 and mid-2025, the number of businesses with a validated short-term science-based target nearly doubled. Growth was even stronger among companies pursuing both short-term science-based targets and a long-term net zero goal: their numbers moved by 227% over the same period.

“While policymakers are going back and forth, companies are sending clear signals.

Dr. Susanne Peindl

Managing Director

First Climate Markets GmbH

The findings underscore a shift in mindset: more companies are approaching climate action not just as a short-term challenge but as part of a long-term decarbonization strategy. The growing weight of binding climate targets is also visible in market coverage. Today, over 40% of global market capitalization and one-quarter of worldwide revenues come from companies that have adopted, or pledged to adopt, an SBTi-aligned target.

“These numbers are encouraging. While policymakers are going back and forth, companies are sending clear signals,” comments First Climate Managing Director, Dr. Suanne Peindl. “They are responding to growing expectations from investors, clients, customers, and partners and they recognize that resilience, competitiveness, and future viability are inseparably linked to a robust climate strategy.” She added that she expects that, as a result, supply chains will now come under greater scrutiny, since they still represent significant untapped potential for decarbonization efforts globally.