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Federal Council sets parameters for binding climate reporting for large Swiss companies

Switzerland Forthcoming 2021

During its meeting on 18 August 2021, the Federal Council decided on parameters for the future mandatory climate reporting by large Swiss companies. The Federal Department of Finance is to prepare a consultation draft by summer 2022.

Issuer name

Federal Council

More information

The public reporting not only includes the financial risk that a company incurs as a result of climate-related activities, but also discloses the impact of the company's business activities on the climate and the environment. This so-called double materiality is also in line with the European Union's approach.

Industry scope

All/none specified

Status

Forthcoming

Country

Switzerland

Region

Europe

Date of publication

2021

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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