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🗞️ Driving the news: Switzerland has paused revisions to its climate disclosure ordinance, delaying implementation of new reporting rules that would have required companies to submit net-zero transition plans
• The Federal Council announced it will await the outcome of the EU’s Omnibus review process, which is aimed at simplifying sustainability reporting and due diligence frameworks, to ensure regulatory alignment and avoid placing Swiss firms at a competitive disadvantage
🔭 The context: Switzerland’s original climate disclosure rules, introduced in 2022, mandated reporting from 2025 based on the TCFD framework
• In late 2024, the government proposed updates to align with emerging global standards like the ISSB and EU’s CSRD/ESRS
• The revised ordinance included a requirement for companies to present “net-zero roadmaps” aligned with the national Climate and Innovation Act, which commits Switzerland to achieving net-zero emissions by 2050
🌍 Why it matters for the planet: Switzerland’s delay reflects the delicate balance between national ambition and international consistency in climate regulation
• While aligning with broader EU rules could streamline compliance and improve comparability, the pause may slow momentum on corporate climate action and transparency
• The move highlights the importance of coordination in advancing effective and fair sustainability governance
⏭️ What's next: The Swiss Federal Council will reassess the revision once the EU finalizes its Omnibus simplifications, expected by early 2026
• A new amendment bill may be approved by January 2027
• In the interim, companies must continue complying with existing 2022 disclosure requirements, while preparing for eventual integration with ISSB or ESRS-aligned reporting frameworks
💬 One quote: “To guarantee fair trading conditions for Swiss companies in international comparison,” the Federal Council emphasized the importance of harmonizing with evolving EU regulations
📈 One stat: Switzerland’s Climate and Innovation Act sets a legally binding goal of net-zero greenhouse gas emissions by 2050
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