28 January 2016

SWIFT publishes 2015 UN Global Compact Communication on Progress

SWIFT is committed to conducting business in a sustainable way. This report to the United Nations Global Compact (UNGC) presents SWIFT’s 2015 sustainability achievements as well as our human rights, labour, environment and anti-corruption policies.

SWIFT is pleased to announce the publication of our third annual UN Global Compact Communication on Progress (UNGC COP) presenting our 2015 sustainability achievements.

In October 2012, SWIFT became a signatory to the UNGC, the world’s largest strategic corporate platform for companies to align strategies and operations with ten universally accepted principles on human rights, labour, environment and anti-corruption, and take actions to advance societal goals. By joining the initiative, SWIFT also commits to issue an annual COP, a public disclosure to stakeholders on progress made to implement the ten principles.

SWIFT is committed to support the ten UNGC principles and has strong policies in place to implement these. This report highlights the steps taken to improve our sustainability even further.

In 2015 SWIFT made good progress in the four UNGC focus areas: human rights, labour, the environment and anti-corruption:

In the field of human rights, SWIFT further extended the sustainability aspects of the contractual framework with our supply chain and CSR partners, including their sub-contractors.

SWIFT has globally implemented a diversity and inclusion strategy, which was devised in 2014 to include gender, age and cultural diversity. SWIFT has set itself a target to have at least 33% female people managers by 2020, and performance against that target will be tracked at Board level. A company-wide Key Performance Indicator (KPI) on external hiring of women will also be tracked on a quarterly basis at executive level. In addition, at community level, SWIFT’s CSR department provides financial support for projects in developing countries related to micro-finance and financial inclusion, education for women and girls in business and sciences, as well as projects targeting disadvantaged children worldwide.

SWIFT is engaged in environmental protection and successfully reduced CO2 emissions by 70% between 2007 and 2014, one year ahead of target. We continued to reduce CO2 emissions caused by our data centres and expanded our hot-desking programme to more offices, which has allowed us to further rationalise office space and control electricity consumption while staff numbers grow. Travel emissions caused by SWIFT employees and invitees to Sibos, SWIFT’s largest annual conference, are compensated by SWIFT buying green certificates, and environmental criteria are included in the location selection process for the conference. SWIFT encourages Sibos exhibitors to take actions to reduce their environmental impact; SWIFT strives to have a paperless Sibos stand and facilitates the re-use of its stand material. Finally, SWIFT financed the planting of 27,000 trees in Brazil, Tanzania and Kenya.

SWIFT’s Anti-Corruption and Anti-Bribery Policy applies to all SWIFT staff and to all persons acting on SWIFT’s behalf (contractors, temporary staff, agents and partners) around the world. SWFT’s Anti-Corruption and Anti-Bribery Policy was reviewed in 2015, and SWIFT launched new interactive e-learning modules on the Code of Conduct and the Anti-Corruption and Anti-Bribery Policy, which became mandatory for all staff in 2015.

SWIFT will continue to focus on sustainable development: we introduced a new Environmental Policy that confirms our ambitious goal to become carbon neutral by 2020. In 2016, SWIFT plans to run a global well-being campaign, which will focus on psycho-social risk management. Finally, SWIFT will study the recently issued 17 United Nations Sustainability Development Goals  and evaluate how to engage in this complementary sustainability initiative.