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A third of global economy tied to science-based climate targets – SBTi CEO
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Science-based target setting now covers 20 percent of the global economy, driving corporate decarbonization. Between 2015 and 2020, companies with validated targets cut emissions by 25 per cent compared with an increase of 3.4 per cent in global energy and industrial emissions.
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https://www.un.org/en/climate-action/science-based-emissions-targets-heighten-corporate-ambition
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Companies with $38trn of global market capitalisation have committed to setting science-based climate targets, according to the Science Based Targets initiative (SBTi)
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As of 2023, over 170 companies have validated net-zero targets, and the SBTi is working to commit 20% of the global economy to fully validated science-based targets by 2025.
