The Swiss financial sector has enhanced and tightened the self-regulatory provisions regarding sustainable financial products and services. The aim is to strengthen Switzerland as a base for this type of business.
There is a new, uniform minimum standard for labelling financial products or services as sustainable. In addition to their financial objectives, sustainable investment solutions in Switzerland will have to align with or contribute to specific sustainability goals. Banks and asset managers offering such solutions will have to meet clearly defined requirements in terms of sustainable investment policy, asset allocation, reporting, external audit, providing information, rendering account, and providing enhanced training to their staff.
We at PwC can help banks and asset managers meet these requirements within the tight deadlines involved.
Our services
We’ve developed a structured approach to help you comply with the new self-regulations.
Whether you’re a bank or an asset manager, you’ll have the assurance of knowing you’re compliant with the relevant requirements relating to your sustainability-related product offering or sustainability considerations in your client relationships.
- Understanding the implications
- Health check and gap analysis
- Review and redesign of your ESG product offering
- Implementation and TOM
- Independent assurance
- Training and upskilling
- Benchmarking and market insights
Understanding the implications
We do a thorough analysis of the new requirements and their implications for your product, client and distribution strategy, as well as the operational impact on your processes, policies, resources and target operating model (TOM)
Health check and gap analysis
We run a comprehensive health check to identify gaps and synergies, spot quick wins and define the implementation actions and gap closing measures, all tailored to your organisational context.
Review and redesign of your ESG product offering
We review and redesign your current sustainability-related product offering and ESG investment strategies against the new requirements. We take into account strategic considerations, your level of ambition and the need for alignment with other regulatory regimes (such as EU SFDR/Taxonomy and APAC).
Implementation and TOM
We help you implement the new requirements in your organisation. This includes reviewing and adjusting your ESG product strategies, product documentation and reporting, communicating with clients, drafting policies, developing internal processes, a risk and control framework, and an ESG data and technology infrastructure, and designing a target operating model.
Interested in enhancing your reporting? Learn more about our solution for ESG reports for client portfolios, funds and mandates and our cooperation with bmpi.
Independent assurance
We assess your implementation of the self-regulation and provide independent verification of compliance with it.
Training and upskilling
Together with Swiss Learning Hub, we offer an online based training solution for providing the relevant employees with enhanced knowledge on ESG matters.
Benchmarking and market insights
Building on our experience and market knowledge, we support you in understanding the market adoption, meeting industry standards and identifying opportunities.
Banks and asset managers must fundamentally re-evaluate and potentially redesign their ESG investment framework. Self-regulation 2.0 will have major impacts on the ESG investment offering, distribution strategy and internal operating model
Timeline
Asset Management Association Switzerland
Swiss Bankers Association
Contact us
https://pages.pwc.ch/core-contact-page?form_id=701Vl00000H9d75IAB&embed=true&lang=en
