The Swiss government has announced a decision to pause the revision of its ordinance on climate disclosures for companies. This delay affects the implementation of new climate-related reporting rules, including a requirement for companies to provide plans that align with Switzerland’s net-zero by 2050 climate target. The primary reason for this delay is to simplify sustainability reporting and due diligence requirements for companies.
Switzerland’s Federal Council is awaiting clarity on the EU Omnibus process to ensure regulatory alignment. Switzerland initially passed its climate reporting regulations in 2022, mandating climate reporting by large companies and financial institutions beginning in 2025. These requirements include reporting on greenhouse gas emissions, climate-related risks, impact, and targets based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
In December 2024, the Council introduced new proposals to align Swiss law with international developments.
Climate disclosure revision paused
These proposals would allow companies to meet their climate reporting obligations by aligning their disclosures with internationally recognized standards, such as the ISSB or the CSRD’s European Sustainability Reporting Standards (ESRS).
The revision also includes a requirement for companies to provide “net-zero roadmaps” to achieve the goals of Switzerland’s Climate and Innovation Act, which commits to reaching net-zero greenhouse gas (GHG) emissions by 2050. The consultation on these revisions, which concluded in March 2025, indicated broad support. Consequently, the Council has instructed the Federal Department of Justice and Police to consider possible amendments to sustainable corporate governance legislation, ensuring fair trading conditions for Swiss companies internationally.
In its latest update, the Council announced that it will pause the revision process until there is more clarity on the EU amendments and regulatory developments. The Council aims to decide on the next steps for sustainable corporate governance legislation as soon as the EU concludes its announced simplifications, but no later than early 2026. Additionally, the project on companies’ climate disclosures is also paused until the approval of the amendment bill, expected by January 1, 2027.
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