Since the release of the Forest, Land and Agriculture (FLAG) guidance and FLAG Target-Setting Tool by the Science Based Targets initiative, companies have moved quickly. This report, The First 100+ FLAG Targets: Forests, Land and Agriculture Under the Science Based Targets initiative, began as a review of the first 100—but the number of FLAG targets surpassed that milestone well before publication, reflecting the growing recognition of the land sector’s importance for corporate climate leadership.
From FLAG’s start in September 2022 to the end of 2024, more than 149 companies validated targets—with that number recently surpassing 200. Also by the end of 2024, 27 FLAG companies were among those linked to the greatest tropical deforestation risk—showing that even the highest-impact actors are engaging with land sector mitigation.
The report documents what land sector mitigation levers companies are mentioning in their transition plans and public reporting, underscoring how integral companies consider land sector mitigation to their climate strategies. For some, this includes integrating land sector emissions into inventories for the first time, making first-time no-deforestation commitments, or accelerating timelines for action. Companies with FLAG targets span sectors and geographies and are acting across multiple points in the value chain—from producers and traders to retailers.
The First 100+ FLAG Targets captures a snapshot of this critical moment in the evolution of corporate climate action.
