3.6 Significance of the Climate Commitment for Swiss Companies
The individual laws have the following objectives:
Develop decarbonization roadmaps: Companies (whether listed or not) should develop clear plans for reducing their carbon emissions. This requires an understanding of technical, economic, and legal aspects of decarbonization.
Exploit commercial opportunities: Sectors with defined reduction targets offer commercial opportunities for technologies that support these objectives.
Take urgent action: The law emphasizes rapid action, particularly before 2030, when many support measures will come into effect. Companies can benefit from incentive schemes for taking early action.
Take future changes into account: Although the Climate Act, together with the ordinance, is an important milestone, global and national climate policies are expected to intensify. Swiss companies with international activities should prepare for evolving climate regulations.
To summarize, Switzerland’s commitment to climate protection and the related adaptation actions and implementation regulations are clearly defined. This means that companies have the opportunity and the responsibility to take steps to decarbonize and become more resilient. This chapter underlines the transformative path that Switzerland has embarked upon and the effects on companies that operate in this evolving landscape.
The text on the new Climate Act is a summary of the following text: “Swiss companies need to develop a decarbonization plan – KPMG Switzerland”