As a global financial centre with a growing strategic interest in sustainable finance, and a country recognized as a leader in digital technologies and innovation, Switzerland is seeking an improved understanding of how digital finance can accelerate the greening of financial flows. This implies the integration of environmental risks and opportunities into day-to-day financing and
The Swiss team for the UNEP Inquiry brought together representatives of the financial sector, NGOs, academia and policy makers to reflect on the Inquiry’s questions regarding a financial system aligned to sustainable development. They highlighted three main problems that inhibit the financial system from providing stronger support for a more sustainable economy: the failure of prices
Switzerland is home to some 220 firms and organisations which engage in sustainable finance activities.The volume of sustainable investment products in Switzerland had reached CHF 56.7 billion by the end of 2013. The volume of sustainable investments has been growing by an average of about 23 percent each year since 2005. And yet, with a market share of approximately 4 percent, sustainable investments still represent a niche in relation to overall investments. The reasons of why extend from market liquidity and the lack of capacity for making effective use of Environmental, Social and Governance (ESG) information in the investment process to a lack of predictability in the regulatory and framework conditions. The Swiss input to the Inquiry called for simple, clear regulations focused on key problems and the development of competence centres for sustainable finance research and education are needed to provide knowledge to consumers, investors, financial analysts and students.