Strategic goals of the Federal Council

Based on the Telecom­mu­ni­ca­tions Enterprise Act (TEA), the Federal Council defines the goals that the Con­fed­er­a­tion, as majority shareholder of Swisscom, aims to achieve in the next four years. During the current target period, which runs until 2025, the Con­fed­er­a­tion expects Swisscom to pursue a corporate strategy that is, to the extent economically possible, committed to sustainable and ethical principles. In this context, the reduction of green­house gas emissions is of particular im­por­tance. In addition, the strategy should take into account the concerns of the different parts of the country, where operationally ap­pro­pri­ate.

Board of Directors of Swisscom Ltd

The Board of Directors of Swisscom Ltd approves the ESG strategy (en­vi­ron­mental, social and governance strategy) in accordance with the Organisational Rules and defines the material non-financial matters for the Group (which includes defining the performance indicators). It monitors the im­ple­men­ta­tion of the mea­sures and the risks. It is also re­spon­si­ble for the supply chain policy. The Board of Directors has delegated some reporting and monitoring duties to the Audit & ESG Reporting Committee. This committee formulates positions on business matters that lie within the decision-making power of the Board of Directors and has the final say on those business matters for which it has the decision-making power. In particular, it decides which ESG reporting regulations are applicable to the Group and approves the separate Sus­tain­abil­ity Impact Report. Meetings of the committee are convened by the Chairman or at the request of one of the members as often as business re­quires, but at least once a quarter and in December.

Each December, the Board of Directors determines the strategic priorities for implementing the Group target and the key performance indicators (KPIs) of Swisscom Switzer­land. Fastweb’s targets are determined by the Fastweb Board of Directors, and the Swisscom Board of Directors takes note of the KPIs concerning CO₂ emissions. The Board of Directors and the Audit & ESG Reporting Committee are informed about the status of the most im­por­tant KPIs related to the key topics of the sustainability strategy four times a year as part of management reporting. In June and December, the Audit & ESG Reporting Committee or the Board of Directors also monitors the status of Swisscom Switzer­land’s im­ple­men­ta­tion of the key topics and KPIs for the current year.

Details on the other activities and responsibilities of the Board of Directors and the Audit & ESG Reporting Committee relating to ESG matters are provided in the Organisational Rules and in Annex 1.2, the rules of procedure of the Audit & ESG Reporting Committee.