Swift
Swift, officially known as the Society for Worldwide Interbank Financial Telecommunication, is a leading player in the financial services industry, headquartered in Belgium. Founded in 1973, Swift has revolutionised global banking communications, providing secure and standardised messaging services that facilitate international transactions. With a presence in over 200 countries, Swift operates in key regions including Europe, North America, and Asia-Pacific. Its core offerings include the SwiftNet messaging platform and various compliance and financial crime compliance solutions, which are distinguished by their reliability and security features. Recognised for its pivotal role in enhancing cross-border payments, Swift continues to maintain a strong market position, serving thousands of financial institutions worldwide. The company’s commitment to innovation and collaboration has solidified its reputation as a cornerstone of the global financial ecosystem.
DitchCarbon Score
How does Swift'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
Swift's score of 21 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Swift's reported carbon emissions
SWIFT, headquartered in Belgium, has set ambitious climate commitments to address its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established significant reduction targets. SWIFT commits to reducing its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by approximately 53.7% by 2030, using 2019 as the baseline year. Additionally, it aims to cut its absolute Scope 3 emissions, primarily from business travel and employee commuting, by about 27.5% within the same timeframe. In a long-term commitment, SWIFT has pledged to achieve net-zero GHG emissions across its entire value chain by 2050. This includes a further reduction of absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by the same year. Furthermore, SWIFT aims for 67% of its suppliers, based on emissions from purchased goods and services, to have science-based targets by 2027. These initiatives align with industry standards and reflect SWIFT's commitment to combating climate change effectively.
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.
Swift is committed to some reduction initiatives 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.
