Scope
Public companies, banks and insurers with ≥500 employees, ≥CHF 20m balance sheet, ≥CHF 40m turnover
Switzerland · regulation
Ordinance on Climate Disclosures
Ordinance of 23 Nov 2022 on Climate Disclosures (in force 1 Jan 2024)
Penalties
Criminal fines for false disclosures
Last verified
2026-08-22
In plain language
What this law does
TCFD-aligned Dictionary termClimate disclosureThe practice of companies and financial institutions publicly reporting climate-related risks, opportunities, governance, strategy and emissions — now shifting from voluntary frameworks to mandatory law.Read the full definition with a mandatory Dictionary termNet zeroA state in which anthropogenic greenhouse-gas emissions are balanced by anthropogenic removals over a specified period and within a defined boundary.Read the full definition Dictionary termRoadmapA roadmap is a sequenced plan that links actions, responsibilities, timing and milestones to a desired objective.Read the full definition element, Scope 1/2/3 emissions per GHG Protocol/ISO, quantified reduction targets, and machine-readable publication.
Formal requirements
What the law requires
Reviewed provisions grouped by practical purpose. Use the official text for the full legal context.
Key dates
From reporting year 2025 — report must be published in machine-readable electronic format (XBRL).
Ordinance on Climate Disclosures (in force 1 Jan 2024) · instrument-level citation
Disclosure requirements
TCFD-aligned minimum content: Governance, Strategy, Risk Management, Metrics and Targets
Ordinance on Climate Disclosures (in force 1 Jan 2024) — Ordinance on Climate Disclosures (in force 1 Jan 2024) · instrument-level citation
Metrics and KPIs
Metrics must include Scope 1, 2 and 3 GHG emissions per Dictionary termGHG ProtocolThe global standard framework for measuring and reporting greenhouse gas emissions, created by WRI and WBCSD, whose Scope 1, 2, and 3 structure underpins virtually all corporate carbon accounting.Read the full definition / ISO standards, and quantified targets incl. reduction targets
Ordinance on Climate Disclosures (in force 1 Jan 2024) — Ordinance on Climate Disclosures (in force 1 Jan 2024) · instrument-level citation