Swiss firms among those leaving corporate climate initiative

This number corresponds to 7% of all companies that had signed up to the initiative. Keystone-SDA

A total of 893 companies have withdrawn from their climate commitments with the Science Based Targets Initiative (SBTi). These include major Swiss companies such as Swiss Re, Zurich and Sulzer.

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This number corresponds to 7% of all companies that had signed up to the initiative. According to the SBTi database, the most common reason cited for withdrawal is “commitment cancelled”. This means that companies have not managed to submit concrete climate protection targets two years after joining the initiative.

In Switzerland, 280 companies are registered with the SBTi, 12 of which have withdrawn their commitments. For the majority of the remaining companies, the climate targets have already been validated by the initiative.

Most member companies come from Japan (2,034), the United States (1,414), the United Kingdom (1,653) and China (775). The UK (151), the US (129) and China (61) currently have the highest number of withdrawals.

Translated from German with DeepL/gw

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