Climate & Nature Readiness Studies in 2024
Swiss reporting requirements
Since 2024, major Swiss companies must report on climate-related risks and opportunities in line with the Task Force on Climate-related Financial Disclosures (TCFD) guidelines. At the same time, biodiversity and nature-related disclosures are gaining traction, especially under the EU’s Corporate Sustainability Reporting Directive (CSRD). Although such reporting is not yet compulsory in Switzerland, companies are advised to evaluate their impact on biodiversity using the new standards provided by the Task Force on Nature-related Financial Disclosures (TNFD).
Study results for Switzerland
In 2024, Enfinit led a study, in collaboration with our team and partners, highlighting key findings on Swiss companies’ sustainability reporting. The study identifies gaps and showcases best practices across various areas, including:
- Regulatory Developments: Experts from Walder Wyss AG provide updates on the latest regulations.
- State of Climate Reporting: Enfinit reviews the current climate reporting practices of 50 Swiss companies and highlights best practices.
- Transition Plans: Learn how companies are disclosing their strategies for climate adaptation, from setting goals to financing them.
- Physical Climate Risks: CLIMADA Technologies examines how Swiss companies are addressing the disclosure of physical climate risks.
- Nature Reporting: our team evaluates how the top 100 Swiss companies are disclosing nature-related impacts .
- First Reports under CO 964 a-c: The Enterprise for Society Center (E4S) analyzes the first reports under the new Swiss regulations.
- Innovation in Reporting: Pelt8 and MDD demonstrate how digital tools are transforming climate reporting.
- Carbon Markets: EcoSecurities provides insights into how Swiss companies are utilizing carbon markets for decarbonization.
This study provides companies with valuable guidance for improving their sustainability and climate disclosures, helping them navigate the evolving regulatory landscape.
On November 7th, 2024 we presented the main outcomes at the webinar “Natur im Fokus”. Download the presentation here.
Access the full report here.
Get an insight into the results of the focus area on stakeholder engagement here.
Focus area Latin America
In collaboration with Fundes, a leading organization dedicated to fostering sustainable development and business growth in Latin America, we conducted an in-depth study to evaluate the fulfillment of TCFD (Task Force on Climate-related Financial Disclosures) and TNFD (Taskforce on Nature-related Financial Disclosures) requirements.
By analyzing the annual and sustainability reports of 50 companies across the region, we assessed their alignment with the four key pillars: governance, strategy, risk management, and metrics & targets.
Barbara Dubach was in San José (Costa Rica) at Fundes HQ, where she was able to present the initial results in a workshop. In addition, an extended webinar was held in December with over 35 participants from various companies.
Results in Latin America
The results highlight an evolving landscape:
- 20 companies referenced the TCFD framework, while only 5 acknowledged TNFD.
- Climate change emerged as the dominant material topic, identified by 40 companies, while biodiversity was highlighted by only 18 companies, reflecting differing sustainability priorities across the region.
- Implementation varied significantly, with just 6 companies achieving over 75% alignment with either framework.
The results can be found in the full report (in Spanish).
