Science Based Targets in Finland – Measuring Corporate Climate Action

Rapid growth in validated targets and active commitments, growing SME presence, yet slower progress in Scope 3 emissions. Our report sheds light on commitment to Science Based Targets in Finland, as well as progress in climate action.

How are Finnish businesses advancing their climate targets?

This report provides a timely and data-driven overview of how Finnish companies are advancing their climate commitments under the Science Based Targets framework. It highlights progress, identifies remaining gaps, and offers insights for companies seeking to advance their climate strategies.

The Science Based Targets initiative (SBTi) offers a globally recognized framework for setting emission reduction targets aligned with the Paris Agreement and grounded the latest climate science.

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0have active net-zero commitments

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Rapid growth in validated targets and active commitments

The number of Finnish companies with validated science-based targets has tripled between 2022 and 2024.

Growing SME presence

SMEs now make up nearly half of validated near-term targets. A tailored SBTi pathway has helped accelerate their participation.

Access the report

Data and Methodology

The report relies on publicly available data. It analyses the science based targets and the Scope 1, 2 and 3 emissions of 180 Finnish companies. The report provides an update to UN Global Compact Finland’s previous review published in May 2023.

The list of companies with validated targets and active commitments was obtained on the 5th of May 2025 from the Science Based Targets initiative (SBTi)’s website. Companies that have active commitments or changes in company statuses and targets after the threshold date are not reflected in this report.

Webinar: Aligning with 1,5 °C: Finnish Companies and the Post-COP30 Roadmap

Do you want to know how Finnish businesses are advancing their climate targets? Curious about the latest developments from the UN Climate Change Conference COP30? Join us for an insightful webinar on 28 November at 9–10.15 EET.

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Any questions?

Want to know more about the report or our work on climate action? Our Programme Manager Netta Honkanen is happy to help.

+358 50 349 4073
netta.honkanen@globalcompact.fi

What's the UN Global Compact?

Since its launch on 26 July 2000, the UN Global Compact has united business, government and civil society in pursuit of a more inclusive and ethical world. An ambitious vision has grown into the world’s largest sustainability initiative. Today, the UN Global Compact has expanded from 44 companies to over 22,000 participants – and to almost 300 here in Finland.

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