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Artículo

27 Mar 2013

Autor:
Federal Council [Switzerland]

Federal Council publishes background report on commodities

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The report covers...questions of financial market regulation, the fight against money laundering, sanctions, prevention of corruption, accounting standards and tax matters, as well as corporate and government responsibility with regard to human rights, social and environmental standards...The Federal Council has therefore approved the 17 recommendations [which] contain measures which serve to safeguard Switzerland's attractiveness as a business location [but also explores] possibilities...of providing greater transparency in terms of finance and production flows. Other recommendations address ways of continuing the commitment to responsible corporate governance at multilateral and bilateral levels, supporting states in good governance, ensuring early recognition of reputational risks and strengthening dialogue between all stakeholders - commodity companies, cantons, civil society, federal administration. Switzerland, in cooperation with these stakeholders, intends to draw up voluntary standards for commodity trading in the area of corporate responsibility and submit them to the relevant international bodies.

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