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Climate warning

Swiss banks want to avert greenwashing regulations

Swiss banks want to avert greenwashing regulations The banking association relies on regulating itself instead of laws. But the Swiss government fears for the credibility of the financial center. Regulators around the world are intensifying their fight against greenwashing in the financial industry. While the EU, Great Britain and the USA are tightening the reins, positions in Switzerland are clashing on the question of how best to prevent label fraud in green investments. The Swiss banks, on the one hand, want to monitor themselves. Self-regulation - an approach that no other well-known financial center pursues - can be implemented more quickly, according to the industry association. “This is window dressing,” says Stephan Kellenberger from WWF Switzerland. “We cannot prevent greenwashing incidents with self-regulation.” The Swiss government has the final say on this, and is expected to announce its decision in the coming weeks. https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/nachhaltigkeit-schweizer-banken-wollen-greenwashing-regulierung-abwenden/29458532.html

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17 more agrees trigger contact with the recipient

  • Peter Kamau

    35 w

    Very disappointing

    3
    • Kevin

      35 w

      I cannot begin to say how discouraging this seems

      3
      • Esther Wanjiku

        35 w

        How very unfortunate

        2
        • mercy nduta

          35 w

          Aargh!

          3
          • Gorffly mokua

            35 w

            This is soo shameful of them!!

            3
            • CHRIS NGATIA

              35 w

              This is heartbreaking ...

              5
              • Grace Njeri

                35 w

                Dissapointing!

                12
                • johnte ndeto

                  35 w

                  This is so unfortunate when other people and institutions are fighting climate crisis

                  14
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