Switzerland

Map of Switzerland

Factbox

The principle stock exchange in Switzerland is SIX Swiss Exchange. There are 15 extractive companies listed on SIX with a total market cap of €276,502,167,000. The biggest of the extractive companies listed on SIX is Schlumberger Ltd with a market cap of €78,425,924,000. Five of the extractive companies listed on SIX are also covered by the Securities and Exchange Commission in the US. However, companies listed in Switzerland will not be covered by EU level legislation. In December 2012 a motion that would compel mining companies and private commodity trading houses to declare payments made to resource-rich countries was rejected by the Cabinet. Swiss officials have said commodities companies should voluntarily police themselves, however NGOs and MEPs have urged mandatory disclosures.

Sources: Revenue Watch Institute; Reuters

Recent activities

11 June 2022 – Swiss Parliament approved a motion that calls on the government to draft extractive transparency rules similar to those of the EU and US. You can read a press release from Swissaid and Berne Declaration here

22 May 2022 – Joint statement from Berne Declaration and Swissaid on the new EITI Standard adopted at the EITI Global Conference in Sydney. You can read it here (French only).

3 April 2022 – Swiss Federal Council released a report acknowledging the risks of commodities hubs in Switzerland. Berne declaration provided an in depth analysis of the report, which you can read here.

3 February 2022 – Berne Declaration released a report on Swiss commodity trader Trafigura’s business practises in Angola. You can read the press release and report here.

17 January 2022 - Swissaid are holding a Panel discussion in Berne Shedding Light on Darkness: Transparency in the Extractive Industries

4 September 2021 – Swissaid supported PWYP Niger/ROTAB in organising a public conference in Tabelot (Agadez region) to raise awareness of the potential of participatory budget processes and encourage communities to get involved in the management of their resources.

1 September 2021 – Swissaid supported PWYP Niger/ROTAB in organising a capacity building and sensitization session on participatory budget making with local elected officials from Kollo.

Contact Person
Lorenz Kummer
Swissaid
Tel. +41 31 350 5351
L.Kummer@swissaid.ch

Coalition members

Aktion Finanzplatz Schweiz
Berne Declaration
Bread for All
Fastenopfer
Swissaid
Transparency International - Switzerland