Switzerland’s Federal Council announced the launch of Swiss Climate Scores, based on a series of indicators aimed at providing transparency into the alignment of companies with global climate goals. The council is requesting, on a voluntary basis, that banks, asset managers and insurance companies apply the scores to their client portfolios and investment products, enabling investors to better assess the climate alignment of their investments, identify climate transition opportunities, and meet their own sustainability goals.

Criteria assessed in the scores include greenhouse gas emissions, fossil fuel exposure, global warming potential, net zero strategy and commitments, and climate stewardship. The new scores are meant to be compatible with existing climate measures, drawing heavily on existing initiatives, including the framework of the Glasgow Financial Alliance for NetZero (GFANZ) and the Taskforce for Climate-related Financial Disclosures (TCFD).

Source: ESGToday