The Science Based Targets initiative released its annual monitoring report last week, with stats on how many companies have committed to science-based targets, and how many have submitted plans to actually achieve those targets – and have been 'approved' by the org.
This is pretty huge growth, and quite encouraging. Corporate #sustainability and #netzero efforts have a loooong way to go, but target setting helps see which way things are headed.
Their summary of the SBTi report's highlights:
• 2,079 companies and financial institutions had set science-based targets
• More than one third of the global economy (34%) by market capitalization had set or committed to set science-based targets
• We observed a growth on every continent for the first time
• Companies with science-based targets had committed to a total reduction of 76 millions tonnes of CO2e, equal to eliminating Switzerland’s annual emissions twice over
Pretty impressive momentum.
#SBTI #sciencebasedtargets #climate #ESG