The Federal Council wants to prevent the deception of investors regarding the sustainable characteristics of financial products and services. These must be compatible with or help to achieve at least one sustainability goal.

Swiss companies with total assets of at least 20 million Swiss francs or sales of more than 40 million Swiss francs will be subject to the Climate Reporting Ordinance from January 1, 2024. This ordinance intends to highlight risks.

A new fund for the most vulnerable countries was agreed upon at the 27th World Climate Conference. It is intended to support the countries in dealing with the damage caused by climate change. However, important questions remained unanswered.