Swiss Government Plans to Broaden Corporate Sustainability Reports

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Swiss Government Plans to Broaden Corporate Sustainability Reports

Posted by: Baris Karapinar
Category: ESG News

Switzerland plans to update its company sustainability reporting rules to match international standards, especially those in the EU. The Swiss government is discussing proposals that would require more companies, about 3,500 compared to the current 300, to report on their environmental and social impacts. This change would affect companies with at least 250 employees, CHF 25 million in assets, or CHF 50 million in sales.

The proposals come as the EU has broadened its Corporate Sustainability Reporting Directive (CSRD), now including over 50,000 companies. This directive focuses on detailed reporting about companies’ effects on the environment, human rights, social issues, and sustainability risks. The new rules started in 2024 for large companies in the EU and will gradually include smaller companies by 2026.

The Swiss rules would also get stricter, demanding reports on environmental risks, human rights, and corruption. Companies would need to verify their reports externally and could choose to follow the EU’s standards or another similar one.

Given the costs involved, the Swiss government is considering how to help companies adapt to these new requirements. They also plan to study how the latest EU rules on sustainability impact Swiss companies and will decide future actions based on this study.

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