Financial market New popular initiative wants stricter environmental rules for the financial center

A non-partisan alliance has launched a popular initiative for stricter environmental regulations for the Swiss financial center. According to the initiative, the federal government should introduce new legislation, for example for asset managers, insurers and pension funds.

The popular initiative entitled "For a sustainable and future-oriented Swiss financial center (financial center initiative)" was published in the Federal Gazette on Tuesday. The authors have until May 26, 2026 to collect the required 100,000 signatures.

The committee includes current and former members of parliament from the SP, Center Party, FDP, Greens, GLP and EVP. They want to anchor a new article on a sustainable financial center in the Federal Constitution.

According to this article, the federal government would have to work towards an ecologically sustainable orientation of the Swiss financial center in the future - and take measures to align the flow of funds accordingly. Supervision with sanctioning powers would be provided to enforce these requirements.

SDA