Swiss Companies Face New Corporate Responsibility Requirements

• A new initiative aims to hold Swiss firms and their subsidiaries liable for human rights and environmental damage.
• The initiative seeks to align Swiss corporate due diligence rules with international norms and EU regulations.
• A previous Corporate Responsibility Initiative in 2020 won the popular vote but failed to secure a majority of cantons.
• The Coalition for Corporate Responsibility submitted the initiative to the Federal Chancellery.

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