The Swiss Climate Act include first-of-its kind regulation for companies.
Switzerlands Climate and Innovation Act established the country’s climate target of net-zero greenhouse gas emissions by 2050. Uniquely, the target is not just for the aggregated national emissions, it also specifically requires all Swiss non-agricultural companies, regardless of size, to reach net zero by 2050 for their corporate direct and indirect emissions. This month the act was complemented with additional guidance for corporate Net Zero Roadmaps, also mandating the ramp-up of carbon removal.
Companies are encouraged to develop Net-Zero Roadmaps that account for Scope 1 emissions (direct emissions from owned or controlled sources) and Scope 2 emissions (indirect emissions from purchased energy). It is recommended that they include Scope 3 value-chain emissions. These roadmaps are mandatory for any company seeking funding under the Climate Act but otherwise voluntary.
