Switzerland launches consultation on expanding sustainability disclosures
Switzerland launches consultation on expanding sustainability disclosures
The Federal Council of Switzerland has launched a consultation on new provisions relating to the publication of information by companies under the Code of Obligations.
The proposed rules provide that more companies will be required to report on the environmental, human rights and corruption risks associated with their business activities and on the measures they have taken to address them. The proposed amendments provide a choice to the companies subject to Swiss regulation to apply EU reporting standards or other equivalent standards, which the Federal Council will designate in an ordinance.
The consultation will close on October 17, 2024.
The press release by the Federal Council may be accessed here.
The proposed rules provide that more companies will be required to report on the environmental, human rights and corruption risks associated with their business activities and on the measures they have taken to address them. The proposed amendments provide a choice to the companies subject to Swiss regulation to apply EU reporting standards or other equivalent standards, which the Federal Council will designate in an ordinance.
The consultation will close on October 17, 2024.
The press release by the Federal Council may be accessed here.