Sustainability reporting is becoming increasingly important. Even companies not legally required to publish such reports are facing growing expectations from stakeholders. Owners and customers, especially as part of quality assurance along the supply chain, are seeking information on environmental, social, and governance (ESG) practices.
Sustainability reporting has gained significant importance in Switzerland in recent years. While it has primarily been public companies that reported on non-financial matters in addition to traditional financial reporting, it is expected that this topic will increasingly become relevant for SMEs in the future.
More and more companies are making their responsible actions transparent in their reporting and publishing a sustainability report. Starting from the fiscal year 2023, larger public companies in Switzerland will be legally required to report on non-financial matters, while SMEs in Switzerland are generally exempt from this new regulation.
With the ongoing regulation of sustainability reporting both domestically and internationally, Swiss SMEs are increasingly following the trend towards greater disclosure of non-financial topics and will report on sustainability issues.