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November 30, 2022

Switzerland introduces mandatory climate disclosures

Large Swiss public companies, banks and insurance companies will be obliged to report on climate risks using a similar approach to the EU’s double materiality.

The Swiss Federal Council, the country’s executive government branch, last week adopted legislation that will require listed and financial companies to publicly disclose information on climate risks in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

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