New sustainable investment rules planned by Switzerland –
Sustainable investment on Swiss financial markets will have to abide by new rules introduced by the Swiss Federal Council. Financial products and funds labelled as ‘sustainable’ or ‘ESG’ on Swiss financial markets will have to align or contribute to specific sustainability goals and pursue at least one investment objective under new rules introduced in December 2022. Sustainable investment products or services that aim to reduce ESG risk will not qualify for a sustainable label without pursuing a specific sustainability goal. Firms should consider adopting third-party verification standards that provide independent...