New research, published in June 2026, shows that the world’s leading companies are stepping up their climate ambitions, setting new benchmarks and expectations around targets and using high‑quality carbon credits to help achieve their goals.

Our annual analysis of Fortune Global 500 (FG500) companies’ climate strategies is now in its seventh year, providing a clear view of an accelerating global business push toward net zero.

Explore the climate commitments and actions of the world’s largest companies

72% of FG500 companies have at least one climate target in 2025, compared with 24% in 2019. Climate strategy is no longer optional. It is embedded into how large organizations manage risk, operate, and grow.

For the first time over half of the FG500 have a net zero commitment, representing a dramatic rise from just 8% in 2020. This shows how quickly net zero has become the anchor for long term climate strategy. 81% of these companies are increasing their ambition from carbon neutral targets to net zero.

Understanding how peers in your sector are evolving their approaches will help you build a credible, tailored strategy. Speak to our team for detailed sector analysis and support.

Companies with net zero commitments are 11× more likely to use carbon credits than those without. Carbon credits are increasingly part of climate strategies for addressing hard-to-abate emissions, managing Scope 3 complexity and to deliver impact alongside emission reductions. Leading companies such as JPMorganChase and Microsoft are embedding high-quality carbon credits into their long-term strategies, acting now for the future.

Who are the Fortune Global 500 companies? 

This is our seventh time tracking the climate ambition of the Fortune Global 500, which are the world’s largest 500 companies by revenue. In 2025, they generated $41.7 trillion in revenue, $3 trillion in profit and employed more than 70 million people.

These companies alone account for over one-third of the world’s GDP and a high proportion of its carbon emissions. Their influence extends far beyond their own operations through their suppliers, customers, and competitors. Their decisions on climate influence behavior with the group and hold weight more widely. Increasingly they are recognizing the urgency of the climate crisis, the real and immediate risks it represents and the need for business action. And, as this report shows, the leaders are showing how business can be a force for good in driving positive climate impact.

All businesses – no matter their size – can follow this lead. What every business does now is of vital importance on a global and local scale. Our analysis creates a data-led benchmark of global corporate progress on climate and offers an evidence base for credible, high-impact pathways to net zero.

What if the world’s largest companies accelerated climate action?

Ambitious climate action from the world’s largest companies has the potential to deliver outsized impact. From reducing emissions to protecting nature, corporate leadership can help close the gap to global climate goals. Find out more here.

PREVIOUS YEARS' REPORTS BELOW: