The public initiative "For responsible companies - to protect people and the environment" (so-called corporate responsibility initiative) was rejected on November 29, 2020. Consequently, the indirect counter-proposal of the Federal Assembly will be implemented. In addition to the planned amendments to the Code of Obligations (CO), the preliminary draft of the associated Federal Council Ordinance is now available. Although the referendum period against the planned amendment and also the consultation period for the new Federal Council Ordinance are still running, it is useful to review the possible future obligations and the companies that will be affected perhaps as early as Q1 2022.
Andrea Meule, Dr. iur. Davide Pinelli, Luca Eigensatz