ESG Compliance

Last Saturday, the NZZ wrote that “Three letters spell out one of the most popular trends in the world of finance: ESG” [1]. ESG stands for environmental, social and governance (ESG) criteria, with respect to pollution, human rights and transparent corporate management. Swiss politicians also deal with these three criteria, namely in connection with the corporate responsibility initiative [2]. The newly developed ESG RISK MONITOR detects relevant risks in multinational corporations, as well as for their partners and suppliers [3].

Stay up-to-date with all the latest national and international legislative projects, relevant developments and events with the free biweekly ESG News Update. The ESG Risk Check checks up to 100 suppliers and creates detailed reports on the three riskiest entities. The ESG Risk Monitor monitors current supplier chains and send alerts when there are relevant developments. You can find more information here.

 

Links:

[1]https://www.nzz.ch/finanzen/fonds-und-vorsorge-greenwashing-blendet-anleger-ld.1505985

[2]https://www.bj.admin.ch/bj/de/home/wirtschaft/ gesetzgebung/konzernverantwortungsinitiative.html

Data Protection Act

The Swiss Data Protection Act underwent a complete revision in 2020, and its new version took effect on September 1, 2023, along with the new Data Protection Ordinance (DPO). The revision itself is complete, but its practical application continues to evolve. The topic of AI is particularly relevant: On May 8, 2025, the FDPIC confirmed that the DPA is technology-neutral and applies directly to all AI applications. In practice, this means, among other things, that users must know whether they are interacting with AI (transparency requirement, Art. 19), and that a data protection impact assessment is mandatory in cases of high risk—such as profiling or facial recognition (Art. 22). The Federal Office of Justice (FOJ) is drafting a consultation document on AI regulation to be completed by the end of 2026. With this, Switzerland will implement the Council of Europe's AI Convention.

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