Society for Worldwide Interbank Financial Telecommunication SCRL
The Society for Worldwide Interbank Financial Telecommunication SCRL, commonly known as SWIFT, is a pivotal player in the global financial services industry. Headquartered in Belgium, SWIFT operates extensively across Europe, Asia, and the Americas, facilitating secure and efficient financial transactions worldwide. Founded in 1973, the organisation has achieved significant milestones, including the development of its proprietary messaging platform that underpins international banking communications. SWIFT's core services include secure messaging, transaction processing, and compliance solutions, which are distinguished by their reliability and global reach. As a leader in financial messaging, SWIFT connects thousands of financial institutions, enabling seamless cross-border payments and enhancing operational efficiency. With a strong market position, SWIFT continues to innovate, adapting to the evolving needs of the financial sector while maintaining its reputation for security and trustworthiness.
DitchCarbon Score
How does Society for Worldwide Interbank Financial Telecommunication SCRL's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Society for Worldwide Interbank Financial Telecommunication SCRL's score of 46 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Society for Worldwide Interbank Financial Telecommunication SCRL's reported carbon emissions
As of the latest available data, the Society for Worldwide Interbank Financial Telecommunication SCRL (SWIFT), headquartered in Belgium, has not disclosed specific carbon emissions figures. However, the organisation has set ambitious climate commitments to address its greenhouse gas emissions. SWIFT has committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. In the near term, the organisation aims to reduce its absolute Scope 1 and 2 emissions by approximately 53.7% by 2030, using 2019 as the baseline year. Additionally, it plans to cut its absolute Scope 3 emissions, primarily from business travel and employee commuting, by about 27.5% within the same timeframe. For long-term goals, SWIFT targets a significant reduction of 90% in both Scope 1 and 2 emissions by 2050, alongside a similar 90% reduction in Scope 3 emissions. Furthermore, SWIFT is committed to ensuring that 67% of its suppliers, based on emissions from purchased goods and services, will have science-based targets by 2027. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions necessary to limit global warming to 1.5°C. SWIFT's proactive approach reflects its commitment to sustainability and climate action within the telecommunications sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Society for Worldwide Interbank Financial Telecommunication SCRL is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
