Transition Finance Tracker
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Physical risk and the 2026 World Cup: 5 highlights from our latest Transition Finance Tracker
Nearly one-fifth (19%) of listed companies had a climate target validated by the Science Based Targets initiative (SBTi) as of Dec. 31, 2025, up from 14% a year earlier. Nearly a third (32%) of companies have set a net-zero emissions target, though not necessarily one validated by the SBTi, roughly unchanged from a year earlier.
Source: MSCI Sustainability & Climate Research, data as of Dec. 31, 2025. Note that totals are cumulative. The share of corporate climate targets reported here reflects the relevant share of all companies in the MSCI ACWI IMI.