Sustainability Swiss stock exchange operator launches climate protection label

The stock exchange operator SIX has introduced a new label for shares that comply with the Paris Climate Agreement. Companies can apply for the voluntary label from today, according to a press release issued on Thursday.

The "SIX 1.5 °C Climate Equity Flag" means that a company's business model is compatible with the 1.5 degree target. Whether a company meets these requirements is verified either by the rating agency S&P or the audit service provider SGS. The label is valid for one year and must be renewed with an annually updated confirmation.

In order for a company to receive the label, its value chain and CO2 reduction targets are analyzed and their feasibility checked, among other things. In addition, it is examined whether current sales and investments contribute to achieving the goals of the Paris Agreement. The SIX criteria are based on several international methods and standards.