The annual assessment by the Net Zero Tracker (NZT)—which reviews both the quantity and quality of global climate commitments—finds that 77% of global GDP is still covered by national net zero commitments.

Net Zero Stocktake 2025 assesses progress in setting and strengthening whole-economy net zero targets, and evaluates more than 4,000 entities on integrity criteria — essentially, whether plans and strategies contain the key components for deep decarbonisation.

The fifth annual report also examines how companies are integrating nature into their climate commitments.

Download Net Zero Stocktake 2025 (pdf - 2.7 MB)

Key findings:

• Of the 198 countries, 712 regions, 1,186 cities, and 1,987 publicly listed companies tracked, at least 1,935 now have net zero targets:

• 137 countries (up from 124 in 2020)

• 216 states and regions (up from 73)

• 337 cities (up from 115)

• 1,245 companies (up from 417).

• More than 50 countries, most of them lower-income, still have not expressed a public intention to achieve net zero, alongside nearly half of the 3,885 subnational governments and companies

• Among companies, more than 400 of the world’s largest publicly listed companies remain without any mitigation targets — concentrated in the US (30%) and China (42%). More than half of the 100 private companies tracked by the initiative still do not have a net zero target.

• Globally, more than two thirds (860 out of 1,245) of Forbes Global 2000 companies with net zero targets back their commitments up with plans.

Integrity of targets remains low across all entities: Only 7% of companies, 6.5% of regions, and 4% of cities meet all minimum procedural and substantive integrity requirements (the 'starting line') — though company and city progress has climbed modestly in the past year.

Many companies are turning to nature-based solutions such as such as reforestation or peatland restoration, yet only 4% have set dedicated targets, raising concerns about over-reliance on land-based approach.

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