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Switzerland proposes emissions reporting regulations (2024)

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July 2, 2024

Swiss officials proposed emissions reporting regulations last week that would align with the European Union’s rules:

The new Swiss Federal Council proposals follow the launch in the EU of the Corporate Sustainability Reporting Directive (CSRD), a major update to the EU’s prior Non-Financial Reporting Directive (NFRD), significantly expanding the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000, and introducing more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk. …

In its statement announcing the new consultation, the Swiss Federal Council said that it has “opted for internationally coordinated legislation,” noting that, given the close economic ties with the EU, “both large and small Swiss companies are affected by the new EU rules – directly or indirectly.”

Switzerland currently requires mandatory sustainability reporting for large companies, such as those with more than 500 employees. Similar to the CSRD thresholds, the new Swiss proposal would introduce sustainability reporting requirements to companies with 250 employees, CHF 25 million (€26 million) in total assets and CHF 50 million (€52 million) in sales. According to the Council, the move would increase the number of reporting companies to around 3,500 from 300 currently.[1]

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  1. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.