Company Climate Risk
Comprehensive climate risk intelligence for informed decision-making
Switzerland
Mandatory from 2024Swiss Climate Disclosure Ordinance
Switzerland's Climate Disclosure Ordinance (OR 964a–964c CO), effective 1 January 2024, mandates climate-related financial disclosures for large public companies, including banks, insurers, and asset managers. The framework aligns with TCFD and ISSB S2, with FOEN guidance ensuring interoperability with the EU's CSRD/ESRS to support cross-border comparability. Switzerland applies a double materiality approach, requiring firms to disclose both the financial impacts of climate risks and their own environmental impacts.
Key Requirements
- •Transition and physical climate risk disclosures across multiple time horizons
- •Governance, strategy, and board-level climate expertise
- •GHG emissions reporting (Scopes 1, 2, and 3), including financed emissions for financial institutions
- •Scope 3 Category 15 financed emissions reporting aligned with PCAF
- •Scenario analysis using NGFS and Swiss Federal Council climate pathways
- •Disclosure of Paris Agreement alignment, targets, and progress tracking
- •Interoperability with EU CSRD/ESRS standards for consistency across jurisdictions
- •Integrated reporting in CHF and official languages (DE/FR/IT/EN)
- •Limited assurance from Year 1, with a roadmap to reasonable assurance
Implementation Timeline
Report Timing
Annual, aligned with fiscal year (typically 1 January – 31 December); sustainability disclosures included in the annual report.
Compliance Status
Mandatory from 2024Track your progress towards meeting the requirements and deadlines for this regulation.