Federal Council launches Swiss Climate Scores for climate transparency in financial investments
Bern, 29.06.2022 - The Swiss financial centre wants to position itself as an international leader in terms of credible climate transparency. The Federal Council has thus launched the Swiss Climate Scores during its meeting on 29 June 2022.
The Swiss Climate Scores provide institutional and private investors in Switzerland with comparable and meaningful information on the extent to which their financial investments are compatible with international climate goals. The Federal Council recommends that Swiss financial market players apply the Swiss Climate Scores to financial investments and client portfolios where appropriate.
The Swiss Climate Scores contain indicators that not only reflect the current situation of global companies in the financial product or portfolio (actual situation), but also show where these companies are currently positioned in relation to global climate goals (net zero target by 2050). Net zero means that global emissions of greenhouse gases may not exceed the amount that can be absorbed by natural and technical sinks.
The voluntary use of the Swiss Climate Scores is intended to make investment decisions more efficient. Investors can benefit from economic opportunities in the transition to net zero and at the same time better contribute to achieving climate goals.
In order to ensure that the Swiss Climate Scores continue to represent best practice in terms of climate transparency in the future, they are to be regularly reviewed and, if need be, adapted to the latest international findings, starting in 2023.
The Federal Council has instructed the Federal Department of Finance (FDF), in close cooperation with the Federal Department of the Environment, Transport, Energy and Communications (DETEC), to investigate the voluntary uptake of the Swiss Climate Scores by Swiss financial market players by the end of 2023.
Address for enquiries
State Secretariat for International Finance SIF
Tel. +41 58 462 46 16, email@example.com
The Federal Council
State Secretariat for International Financial Matters
General Secretariat of the Federal Department of Environment, Transport, Energy and Communications; General Secretariat DETEC