As the umbrella organisation of the Swiss banks, the Swiss Bankers Association (SBA) actively lobbies for continual improvements to the frameworks for sustainable financial products. Industry initiatives play a key role here. A prime example is the self-regulation on sustainable finance, which lays down binding rules on sustainability issues for investment and mortgage advice as well as portfolio management, and sets out minimum standards. By making sustainability themes – in other words, environmental, social and governance (ESG) factors – and energy efficiency an integral part of consultations with retail customers, the industry is making a concrete and important contribution towards achieving the Paris Agreement’s climate goals and further strengthening Switzerland’s position as a premier sustainable finance hub.
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