According to a recently published decision of the Federal Council, companies with 250 or more employees in Switzerland will have to report publicly on their sustainability activities. The national government is expected to send a concrete proposal for consultation in mid-2024. Implementation will then take place after parliamentary consultation, probably from 2026 onwards.
Already today, companies with 500 or more employees are subject to a transparency obligation in terms of sustainability if they exceed the defined thresholds two years in a row. These companies must report on environmental risks, social issues, employee concerns, human rights, and anti-corruption measures, as well as display what measures they are taking and will take in the future.