Climate and financial markets

Today’s investment decisions, for example concerning energy supply, will also determine the quantity of greenhouse gases that will be emitted in the future. In the 2015 Paris Agreement, the international community set three main objectives, including making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. This means that in the future, more money will be invested in environmentally friendly and future-oriented technologies and energy sources, and less in greenhouse gas-intensive technologies and energy sources. As a signatory to the Paris Agreement, Switzerland is committed to this objective. 

Today's investment behavior not only provides considerable finance for coal and oil production, but also for its further expansion. This is in direct opposition to climate targets. The broad participation of insurance companies, pension funds, banks and asset managers in voluntary climate compatibility tests suggests that climate awareness within the Swiss financial sector is steadily growing.

Finance flows include assets under management in Switzerland. At the end of 2019, these totalled just under CHF 7,000 billion. They come, for example, from private savings deposits at banks, insurance capital, and savings in pension funds and Old Age and Survivors Insurance. It is in the interest of savers and pension schemes for financial institutions and institutional investors to invest money in the most profitable funds possible. If the way in which investment and financing affect the climate is made transparent, everybody will be able to make knowledgeable, climate-relevant decisions.

FOEN invites all Swiss pension funds, insurance companies, banks and asset managers to participate in the PACTA Climate Test 2022.

The climate test allows comparable transparency across the different financial sectors and supports concrete, climate-relevant action. Registration is open from 1 March 2022 until 31 May 2022, with results expected in autumn. More information can be found at the following website:

Bridging the gap: cover

Here you can find the results report on the PACTA 2020 climate alignment test for the Swiss financial market. A summary of the report is also available in German and French.

Testing for climate goal alignment

Here you will find more information on the regular PACTA climate alignment assessment for the Swiss financial market (PACTA stands for Paris Agreement Capital Transition Assessment).

Regulatory work

Here you can find more information on regulatory work on sustainability in the financial market. The parliamentary proceedings on this topic you can find under 'Law' at the bottom of this page Climate and Financial Market.

Climate impact and risks

Here you will find more information on how financial market actors can actively contribute to achieving climate targets and what financial risks climate change and its mitigation may entail for financial market actors.

Further information


Parliamentary proceedings

Last modification 22.03.2022

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