Society for Worldwide Interbank Financial Telecommunications SCRL Sustainability Profile
The Society for Worldwide Interbank Financial Telecommunications SCRL, commonly known as SWIFT, is a pivotal player in the global financial services industry. Headquartered in Hong Kong, SWIFT operates extensively across major financial hubs worldwide, facilitating secure and efficient international money transfers and communications between banks and financial institutions. Founded in 1973, SWIFT has achieved significant milestones, including the introduction of its messaging services that revolutionised cross-border transactions. SWIFT's core offerings include its messaging platform, which is renowned for its reliability and security, as well as its compliance and financial crime compliance solutions. With a strong market position, SWIFT serves thousands of institutions globally, making it an indispensable component of the international banking landscape. Its commitment to innovation and security continues to set it apart in the ever-evolving financial technology sector.
DitchCarbon Score
How does Society for Worldwide Interbank Financial Telecommunications 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 Business 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 Telecommunications SCRL's score of 40 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 Telecommunications SCRL's reported carbon emissions
As of the latest available data, the Society for Worldwide Interbank Financial Telecommunications SCRL (SWIFT) does not report specific carbon emissions figures, indicating a lack of disclosed emissions data. The organisation is currently classified as a current subsidiary, and any potential emissions data may be cascaded from its parent organisation, SWIFT itself, but no specific figures are provided. In terms of climate commitments, SWIFT has not outlined any specific reduction targets or initiatives in the available information. There are no documented science-based targets (SBTi) or other climate pledges that detail their approach to reducing carbon emissions. Given the absence of specific emissions data and reduction initiatives, it is unclear how SWIFT is addressing its carbon footprint or contributing to broader climate goals within the financial services sector. The organisation's commitment to sustainability and climate action remains vague without concrete data or targets.
How Carbon Intensive is Society for Worldwide Interbank Financial Telecommunications SCRL's Industry?
How Carbon Intensive is Society for Worldwide Interbank Financial Telecommunications SCRL's Location?
Society for Worldwide Interbank Financial Telecommunications 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 Telecommunications SCRL has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
