A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions reduction targets.
SBTi said in its 2021 Progress Report ‘Scaling Urgent Corporate Climate Action Worldwide’ that the organization has entered a period of exponential growth, with SBTi companies now accounting for more than a third of global market capitalization, totaling US$38 trillion, up from 20% in 2020.
