2021 will see the introduction of several regulatory initiatives in both Switzerland and Europe focusing on climate risks, the prevention of greenwashing and responsible corporate behavior. Policy makers are predominantly relying on measures that increase transparency for investors, clients and regulators.
The demand for sustainable investment products and services in the financial services industry have been rising in recent years. It therefore comes as no surprise that authorities are becoming increasingly interested in this area, with noticeable effects in the regulatory arena. 2021 will mark the departure from the current “laisser-faire” approach of Swiss authorities to Sustainable Finance. Financial institutions will need to brace themselves for more regulation that has one common goal: to increase transparency for investors, clients and regulators.