Table of contents for the Geschäftsbericht 2025 report

Einleitung
KennzahlenHighlightsWofür stand «Innovators of Trust» im Jahr 2025?
Eine KI, der ich vertrauen kannDas Rückgrat der digitalen ZukunftEine neue, füh­rende ­Anbieterin in ItalienGemeinsam auf dem Weg zu Netto-Null
Brief an die Aktionäre
Kapitalmarkt
Swisscom AktieDividendenpolitikFinanzierungsstrategie
Lagebericht
GeschäftsmodellGruppenübersicht
Übernahme von Vodafone ItaliaOrganisation und StrukturMarken von SwisscomOperative Segmente
Geschäftsumfeld und Strategie
Wirtschaftliches UmfeldRechtliches UmfeldMarkt für Telekommunikation und ITGruppenziele und Gruppenstrategie
Infrastruktur
Infrastruktur in der SchweizInfrastruktur in Italien
Finanzmanagementsystem
Kennzahlen (KPI) zur ErtragslageKennzahlen zur FinanzlageFinanzielle Ziele und Zielerreichung 2025
Mitarbeitende
Neues Human-Resources-
BetriebsmodellMitarbeitende in der SchweizMitarbeitende in Italien
Produkte und Dienstleistungen
Segment SchweizSegment ItalienSegment Übrige
Innovation und Entwicklung
Geschäft mit Sicherheit, Trust, KI und Innovation vorantreibenWichtige Innovationsfelder
Risikomanagement
Beurteilung der GesamtrisikosituationEnterprise Risk Management SystemRisikomanagementprozessFortschritte und AusblickWichtige Risiken
Geschäftsentwicklung
Alternative PerformancekennzahlenKPIs GruppeKPIs SegmenteZusammenfassungAbschreibungen und nicht operative ErgebnisseErtragssteuernGeldflüsseInvestitionenVermögenslageWertschöpfungsrechnung
Finanzieller Ausblick
Corporate Governance
1 Allgemeine Grundsätze2 Gruppenstruktur und Aktionariat
2.1 Gruppenstruktur2.2 Bedeutende Aktionäre2.3 Kreuzbeteiligungen
3 Kapitalstruktur
3.1 Kapital3.2 Aktien, Partizipations- und Genussscheine3.3 Beschränkung der Übertragbarkeit der Aktien und Nominee-Eintragungen3.4 Wandelanleihen, Anleihensobligationen und Optionen
4 Verwaltungsrat
4.1 Mitglieder des Verwaltungsrats4.2 Ausbildung, berufliche Tätigkeiten und Interessenbindungen4.3 Zusammensetzung des Verwaltungsrats4.4 Unabhängigkeit4.5 Wahl und Amtszeit4.6 Nachfolgeplanung4.7 Weiterentwicklung und Weiterbildung4.8 Präsident des Verwaltungsrats4.9 Interne Organisation und Arbeitsweisen4.10 Ausschüsse des Verwaltungsrats4.11 Aufgabenteilung4.12 Berichts- und Kontrollinstrumente des ­Verwaltungsrats gegenüber dem ­
Group Executive Committee
5 Group Executive Committee
5.1 Mitglieder des Group Executive Committee5.2 Interessenbindungen5.3 Managementverträge
6 Vergütungen, Beteiligungen und Darlehen7 Mitwirkungsrechte der Aktionäre
7.1 Stimmrechtsbeschränkungen und -vertretungen7.2 Statutarische Quoren7.3 Einberufung der Generalversammlung und Traktandierung7.4 Vertretung an der Generalversammlung7.5 Eintragung im Aktienbuc
8 Kontrollwechsel und Abwehrmassnahmen9 Revisionsstelle
9.1 Auswahlverfahren, Dauer des Mandats 
und Amtsdauer des leitenden Revisors9.2 Revisionshonorare und zusätzliche Honorare9.3 Aufsicht über die Revisionsstelle
10 Informationspolitik11 Finanzkalender12 Handelssperrzeiten
Vergütungs­bericht
Brief der Vorsitzenden des Vergütungsausschusses1 Governance
1.1 Allgemeine Grundsätze1.2 Aufgabenteilung zwischen Generalversammlung, Verwaltungsrat und Vergütungsausschuss1.3 Wahl, Zusammensetzung und Arbeitsweise des Vergütungsausschusses
2 Vergütung des Verwaltungsrats
2.1 Allgemeine Grundsätze2.2 Vergütungselemente2.3 Gesamtvergütung (geprüft)2.4 Mindestaktienbesitz2.5 Beteiligungsrechte der Mitglieder des ­Verwaltungsrats (geprüft)
3 Vergütung des Group Executive Committee
3.1 Allgemeine Grundsätze3.2 Vergütungselemente3.3 Gesamtvergütung3.4 Mindestaktienbesitz3.5 Beteiligungsrechte der Mitglieder des Group Executive Committee (geprüft)3.6 Arbeitsverträge3.7 Rückforderung und Malus
4 Sonstige Vergütungen (geprüft)
4.1 Vergütungen für zusätzliche Arbeiten4.2 Vergütungen an ehemalige Mitglieder 
des Verwaltungsrats oder des Group Executive Committee und ihnen nahestehende Personen4.3 Darlehen und Kredite
5 Tätigkeiten bei anderen Unternehmen (geprüft)
5.1 Verwaltungsrat5.2 Group Executive Committee
6 Vertretung der Geschlechter (geprüft)Bericht der Revisionsstelle
Sustainability Statements
The big picture
ESG ratings and awardsSwisscom Group’s contribution to the SDGs
Double materiality assessment
Business model and value chain
StakeholdersCorporate responsibility governanceEnvironment
Climate change (E1)
Transition plan for net zero 2035PoliciesReducing Scope 1 emissionsReducing Scope 2 emissionsReducing Scope 3 emissionsTargetsEnergy consumption and mixGHG emissionsBeyond value chain mitigation (BVCM)Avoided emissionsClimate resilience analysis
Resource use and circular economy (E5)
PoliciesActions on circular economyTargetsOutflows of resources and waste
Social
Own workforce (S1)
Working conditions and work-life balanceHealth and safetyDiversity, equity and inclusionTraining and skills development
Workers in the value chain (S2)Consumers and end users (S4)
Data protection, security and ethicsMedia literacy and protection of childrenNetwork access and expansion
Governance
Business conduct (G1)
Corporate cultureAnti-corruptionSupplier management
Annex and methodological note
Basis for preparationPolicy overviewReporting standards and frameworks
Independent Assurance Report
Financial Statements
Consolidated financial statements Swisscom Group
Consolidated statement of comprehensive incomeConsolidated balance sheetConsolidated statement of cash flowsConsolidated statement of changes in equityNotes to the consolidated financial statements
General information and changes in accounting policies1 Operating performance2 Capital and financial risk management3 Operating assets and liabilities4 Employees5 Scope of consolidation6 Other disclosures
Report of the statutory auditor
Financial statements of Swisscom Ltd
Income statementBalance sheetGeneral disclosuresFurther disclosuresProposed appropriation of retained earnings
Five-year review

Stakeholders

The Swisscom Group maintains ongoing dialogue with external stakeholders in Switzerland and Italy to keep up to date with their perspectives, concerns and expectations with respect to sustainability issues. This dialogue uses different formats and channels throughout the year, typically maintained by specialist departments. Insights inform day-to-day work streams, the double materiality assessment and the Group Sustainability Strategy, which are discussed and validated by management.

Grafik Share Performance

Customers

Purpose of engagement

Swisscom engages with customers to identify expectations that influence its business, including their perception of its sustainability practices. Fastweb + Vodafone focuses on strengthening digital channels, ensuring high quality standards, enhancing the clarity and transparency of services, and empowering consumers to better understand their rights.

Form of engagement (examples)

Recurring customer surveys, customer associations, reputation tracking, various communication channels e.g. website, hotline, newsletter, social media, MySwisscom and MyFastweb apps

Topics with greatest materiality
  • Climate change (E1)
  • Circular economy (E5)
  • Data protection, security and ethics (S4)
  • Media literacy and protection of children (S4)
  • Network access and expansion (S4)

Employees and their representatives

Purpose of engagement

Swisscom Group interacts with its employees through a variety of formats to understand interests and concerns and to improve the quality of working life, foster active engagement and promote the corporate culture.

Form of engagement (examples)

CEO coffee talk, management roadshows, intranet, surveys, employee associations and representatives, community events

Most material topics
  • Own workforce (S1)

Investors, analysts, rating agencies, proxy advisors

Purpose of engagement

Swisscom engages with capital market players to understand expectations around sustainability performance and strategy and how they influence investment decisions and ratings. Fastweb + Vodafone focuses on transparency in corporate governance and strategic management in dialogue with the financial community.

Form of engagement (examples)

Annual general meetings, investor conferences, bilateral exchanges, roadshows, official communications, systematic ESG rating feedback

Most material topics
  • Climate change (E1)
  • Circular economy (E5)
  • Own workforce (S1)
  • Data protection, security and ethics (S4)
  • Corporate responsibility governance (ESRS 2)

Suppliers

Purpose of engagement

The procurement functions of Swisscom and Fastweb + Vodafone are responsible for supplier management, which includes collaboration on sustainability issues and ethical values. The Swisscom Group conducts annual supplier audits as part of the Joint Alliance for CSR (JAC).

Form of engagement (examples)

Supplier qualification process and management platforms, carbon reduction programme, JAC conferences and supplier audits, Save the Children remediation project

Topics with greatest materiality
  • Climate change (E1)
  • Circular economy (E5)
  • Workers in the value chain (S2)

Authorities and legislators

Purpose of engagement

Swisscom plays a constructive part in legislative and regulatory processes through intensive dialogue with authorities, political parties and public associations. Fastweb + Vodafone uses its technical expertise to actively contribute to the development of regulatory proposals.

Format of engagement (examples)

Specialist industry workshops and working groups, public consultation procedures, projects and exchanges; VEK, Swisscleantech, Swico, BFE, BAFU, Federal Office for Cyber Security, Computer Security Incident Response Team, Swiss Security Association, European Telecommunications Industry Association (ETIS), Forum of Incident Response and Security Teams (FIRST) and Global Security Management Association (GSMA)

Topics with greatest materiality
  • Data protection, security and ethics (S4)
  • Network access and expansion (S4)
  • Climate change (E1)
  • Circular economy (E5)

Media and the public

Purpose of engagement

Swisscom and Fastweb + Vodafone monitor and engage with the media and the public to understand the discourse on material issues and how it may shape reputational and regulatory risks. They ensure transparent communication regarding strategies, initiatives and results.

Format of engagement (examples)

News subscriptions, press releases, press conferences, website, events e.g. Sustainable Switzerland

Topics with greatest materiality
  • All topical standards

Research and academics

Purpose of engagement

Swisscom and Fastweb + Vodafone collaborate with researchers and academic institutions to gather science-based insights on long-term environmental and social impacts and to facilitate knowledge-sharing.

Format of engagement (examples)

Topical discussions, joint projects (studies) and events with institutions such as Bern University of Applied Sciences, ETH Zurich, École polytechnique fédérale de Lausanne (EPFL), University of Zurich, University of Palermo, Luiss Guido Carli University

Topics with greatest materiality
  • Climate change (E1)

Industry peers

Purpose of engagement

Swisscom and Fastweb + Vodafone are in dialogue with industry peers for benchmarking and capturing of systemic risks and opportunities relevant to the sector.

Format of engagement (examples)

Regular working groups with JAC and asut, bilateral exchanges, ASSTEL, Clusit, BIF, ECTA, ITU, Confindustria, Assolombarda

Topics with greatest materiality
  • Climate change (E1)
  • Circular economy (E5)
  • Workers in the value chain (S2)
  • Customers and end users (S4)

Partners and NGOs

Purpose of engagement

Swisscom collaborates with NGOs and civil society partners to assess its societal and environmental impacts and gather insights on emerging issues. Fastweb + Vodafone aims to support civil society through numerous initiatives in the environmental, social and economic fields.

Format of engagement (examples)

Recurring exchanges, collaboration and membership or organisations such as myclimate, WWF, CEO4Climate, Kinderschutz Schweiz, Association of Swiss Teachers, Swiss Association of the Deaf, SOS Children’s Villages Switzerland, Save the Children, Allianz digitale Inklusion Schweiz, Verband für nachhaltiges Wirtschaften (OEBU), Syndicom, Transfair, Réalise

Topics with greatest materiality
  • Climate change (E1)
  • Circular economy (E5)
  • Data protection, security and ethics (S4)
  • Media literacy and protection of children (S4)