SBTi Monitoring Report 2023

The SBTi Monitoring Report 2023 highlights key trends in companies and financial institutions setting science-based targets, along with the SBTi’s major updates and publications during the year.

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Key stats

4,205

total companies with science-based targets validated by the SBTi by end of 2023

102%

increase in the number of companies with science-based targets by the end of 2023 compared to the end of 2022

113% increase on 2022

2,125

companies set science-based targets for the first time in 2023

83%

increase in the number of financial institutions with science-based targets

39%

of global market cap covered by businesses with science-based targets or commitments

520%

increase in the number of organizations in India setting targets in 2023 compared to 2022

768 total companies

日本

Japan had the highest number of companies with validated targets globally

245%

increase in companies with net-zero targets

222%

increase in biotech, health and pharma comapnies with science-based targets

4,205 companies and financial institutions with science-based targets validated by the SBTi by the end of 2023.

For the second year running, Japan led as the country with the highest number of companies setting science-based targets. There was a 520% increase in the number of organizations in India setting targets in 2023 compared to 2022.

There was a 102% increase in the number of companies with science-based targets by the end of 2023 compared to the end of 2022.

Companies with science-based targets or commitments increased from 37% to 39% of global market cap.

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