SBTi Corporate Registry Analysis theclimateclerk.com 14,034 records · 2025
The Climate Clerk
Transition Risk · SBTi Analysis

Who's Committed?

An interactive dissection of 14,034 corporate Science Based Target commitments. Half of 2022's cohort has already withdrawn. A mandatory review wave is building — over 1,100 companies must revalidate by 2028 alone.

// Dataset

SourceSBTi Corporate Registry
Records14,034 total
ScopeCorporates only
Active targets4,459
Committed (pending)2,506
Removed commitments1,109
Review triggerYear validated + 5
Active validated
corporate targets
4,459companies
Have validated targets today
Committed —
pending validation
2,506companies
Pledged, not yet verified by SBTi
Commitments
removed
1,109companies
14% of all ever registered
Full NT + NZ
architecture
40%
1,805 companies with validated net-zero
Despite a positive trend, the SBT initiative shows weaknesses. While 4,459 companies hold active targets, the structural picture is weaker: only 40% have a validated net-zero target alongside their near-term commitment. The remaining 60% carry a near-term target only — and a mandatory 5-year review clock is ticking on the oldest cohorts right now.
// Status breakdown — all 8,074 registered corporates
// Target architecture — 4,459 active companies
// Near-term ambition level
// Active targets by region
2022 vintage
removal rate
52%
Highest of any cohort
2021 vintage
removal rate
47%
Review window: 2026
2025 vintage —
peak intake year
1,672cos
Too early to measure attrition
2023 vintage —
largest single wave
695cos
Review due 2028
The 2021 and 2022 cohorts are the stress test. Nearly half the companies that set targets in 2021 have already withdrawn them — and 52% of the 2022 cohort has followed suit. Both groups face mandatory revalidation under a tighter standard in 2026–2027. The 2023 cohort is the largest ever at 695 companies, with its review due in 2028.
// Active (navy) vs removed (red) — by vintage year — hover for details
Active
Removed
// Removal rate by vintage year
// % with net-zero validated (active only)
Already overdue
(vintage ≤2020)
129cos
Past 5-year mark now
Due by end 2027
(cumulative)
640cos
2021–22 vintages entering review
2028 — single
largest wave
695cos
2023 vintage hits review
~95% of all active
face review by
2030
Cumulative revalidation pressure
Companies must revalidate against the current standard, not the one that existed when they first committed. This means old targets set against an earlier, looser version of the NZS now face a materially tighter bar. The 2027 and 2028 waves will be the first real signal of whether SBTi commitments hold under scrutiny.
// Companies due for review by year — NT only (dark) vs NT+NZ (navy) — hover for detail
NT + Net-Zero validated
Near-term only (no NZ)
Past review (already due)
Current year (2026)
// Cumulative % of active corporates entering review window
Two axes define the structural risk profile of every active corporate: ambition (1.5°C vs sub-1.5°C near-term target) and completeness (near-term only vs full net-zero architecture). The quadrant a company sits in determines how exposed it is to the mandatory review wave — and to the tightening of the Net Zero Standard.
1.5°C ↑ · Sub-1.5°C ↓
NT only NT + NZ validated
~54%
Ambitious
but incomplete
Risk: Medium
~40%
Fully
positioned
Risk: Low
~5%
Double
exposure
Risk: High
<1%
Committed,
lower ambition
Risk: Low–Med
// Select a quadrant

Click any of the four cells to see a detailed breakdown of the companies in that position — count, share, pressure cohort size, and review implications.

// Active targets by region
// Top 10 sectors by active count
// All 32 sectors — searchable
Sector Active cos Share of active Distribution