The silly season is in full swing in the XBRL world. Hence just one news item today …
1 Federal Council sets parameters for binding climate reporting for large Swiss companies
Sustainable finance offers the Swiss financial centre an opportunity to further reinforce its competiveness. In December 2020, the Federal Council instructed the Federal Department of Finance (FDF), together with other departments, to develop a binding means of implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) for Swiss companies.
Switzerland now has an opportunity to make up for lost ground on digital reporting. Mandatory reporting for 2023 will enter into force in 2024 already. We are keen to learn the details!
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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