Popular initiative calls for a climate and environmentally friendly financial center

Around 145,000 signatures were submitted for the initiative "For a sustainable and future-oriented Swiss financial center", as WWF Switzerland wrote on Thursday. Swiss financial players are currently causing great damage with transactions abroad, the financial center initiative is justified.

Voluntary industry solutions and self-regulation are not very effective. A constitutional article and binding regulations are therefore needed. If financial flows were diverted away from environmentally harmful activities, this would promote the transition to a sustainable economy. This would strengthen the financial center in the long term.

The initiative committee includes representatives from the SP, Center Party, FDP, Greens, GLP and EVP as well as the financial sector and civil society.