Implementation of the Financial Stability Board s TCFD Recommendations in the Swiss Banking and Insurance Industries

In January 2021, Switzerland became an official supporter of the Task-force on Climate-related Financial Disclosures (TCFD). Since then, the Swiss Federal Council has directed the State Secretariat for International Finance (SIF), in collaboration with the Federal Office for the Environment (FOEN), to work on a proposed law in consultation with the corporate sector and industry associations, with the goal of making the TCFD recommendations legally enforceable. This book examines the implementation of these recommendations in the Swiss banking and (re)insurance industries by analyzing whether climate change mitigation and adaptation strategies are evidenced in the sample companiesʼ business activities. This study is aimed at standard setters, risk managers, investors as well as both sustainable finance enthusiasts and critics