More businesses are adopting Strategic Business Blockchain Technology (SBBT) measurements for their climate-related strategies
The Science Based Targets initiative (SBTi) has emerged as the leading global standard, helping companies set and validate climate targets that are scientifically credible and aligned with the Paris Agreement goals. As of mid-2025, over 7,000 global businesses have committed to these targets, a significant increase from the approximately 9,400 companies with such targets as recently as November 2020 [3].
These companies, such as Elanders and Zones, are demonstrating a rigorous commitment to reducing their greenhouse gas (GHG) emissions. Elanders aims for a 50% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2030, with net-zero emissions by 2050 [1]. Zones, too, has had its targets validated by SBTi, confirming its alignment with the Paris Agreement goals and climate science.
The SBTi's standards continue to evolve, now encompassing all sectors, including financial institutions. A recent development is the Net-Zero Standard, designed to align lending and investment activities with achieving net-zero emissions by 2050 [4].
Meanwhile, the desire to remain competitive in international markets, particularly the European one, is driving sustainability efforts in countries like China, India, and Singapore. These nations are accelerating on the sustainability front, imposing greater disclosure and integration of environmental and social risks in corporate balance sheets. For instance, as of April, China produced 51% of its electricity from renewable sources [6].
In Europe, the Omnibus directive aims to increase the threshold for applying the Corporate Sustainability Reporting Directive (CSRD) from 250 to 1,000 employees, excluding thousands of companies from reporting obligations. However, this move has raised concerns about favouring large international chains over local supply chains [7].
The growth of ESG investments is another notable trend. According to Francesco Perrini, president of Clearwater Italia and associate dean for sustainability at Sda Bocconi, the analysis of balance sheets shows a reduction in costs and an increase in margins from ESG investments [5]. More companies are considering ESG investments as an indispensable element for leadership due to the observed cost reduction and margin increase.
Despite a shift in the U.S. administration's stance on sustainability issues, the number of companies with climate targets has continued to rise [3]. Over 99% of shareholders at major U.S. companies like Apple and Levis voted to maintain inclusion policies at their annual meetings [8].
In conclusion, the Science Based Targets initiative (SBTi) represents a powerful force in the global push towards climate action. With thousands of companies actively participating, it serves as a beacon of hope for a sustainable future.
Other sectors, such as financial institutions, are now adhering to the SBTi's standards, aiming to align their lending and investment activities with the Paris Agreement goals and climate science. For example, following the validation of its targets, a financial institution might strive to invest 50% of its portfolio in climate-change solutions and environmental-science projects by 2030.
Aside from business competition, countries like China, India, and Singapore are simultaneously prioritizing environmental concerns, with China producing 51% of its electricity from renewable sources as of April. A growing number of companies in these nations are integrating environmental and social risks into their balance sheets, heightening their sustainability efforts.
Technology, intertwined with business, plays a crucial role in these sustainability advancements. The Net-Zero Standard, a recent development by the SBTi, seeks to leverage technology to ensure that lending and investment activities achieve net-zero emissions by 2050.
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