In a recent post, XBRL Switzerland offers an initial review of the 300 responses to the Swiss government’s consultation on mandatory climate disclosures.
The Swiss government is now consulting on a proposal to introduce mandatory climate disclosures. A comment letter from XBRL Switzerland seeks to clarify certain aspects of this Ordinance on Climate Reporting and to encourage a truly digital approach.
The Swiss government, the Federal Council, has recently set a timeline and other parameters for mandatory climate disclosures by large companies.
On 12 January, Switzerland officially became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating the government’s support for greater disclosure of and transparency around climate-related financial risks.