Society for Worldwide Interbank Financial Telecommunication SCRL Sustainability Profile
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 62% 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, 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 through the Science Based Targets initiative (SBTi). SWIFT aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. To support this goal, the company has established near-term targets to reduce absolute Scope 1 and 2 greenhouse gas emissions by 53.7% by 2030, using 2019 as the baseline year. Additionally, SWIFT is committed to reducing absolute Scope 3 emissions, specifically from business travel and employee commuting, by 27.5% within the same timeframe. For the long term, SWIFT has set a target to reduce absolute Scope 1 and 2 emissions by 90% by 2050, alongside a similar 90% reduction target for Scope 3 emissions. Furthermore, SWIFT plans to ensure that 67% of its suppliers, based on emissions from purchased goods and services, will have science-based targets by 2027. These commitments reflect SWIFT's alignment with industry standards for climate action and its dedication to contributing to global efforts to mitigate climate change.
How Carbon Intensive is Society for Worldwide Interbank Financial Telecommunication SCRL's Industry?
How Carbon Intensive is Society for Worldwide Interbank Financial Telecommunication SCRL's Location?
Society for Worldwide Interbank Financial Telecommunication SCRL's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Society for Worldwide Interbank Financial Telecommunication SCRL has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
