FINMA is addressing the subject of climate-related financial risks as part of its supervisory remit. It is also reviewing regulatory measures to increase transparency regarding such risks in the financial system. In addition, it is focusing on the risk of greenwashing in the provision of financial services and the distribution of financial products.
Sustainable finance has gained considerable significance in recent years. The topic covers a broad range of environmental, social and governance issues. Green finance focuses on how the business world is dealing with climate change.
FINMA has also identified risks that could have an impact on the Swiss financial centre over the longer term. These include risks relating to climate change, which we explore in more detail below.