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SSF Newsletter February 2024
Guiding Questions
Dear all

The new year has started with a peak of regulatory action both in Switzerland and abroad. Whoever was hoping for frameworks to stay stable, has already been disappointed. However, much as it can be tedious for market actors to keep track of all the changes and adapt procedures accordingly, it is important to think of regulation as an enabling force for clarity in markets and contributing to a clear differentiation between: the avoidance of risk (which is part of the fiduciary duty of all those that manage assets on behalf of others), the alignment to values (which is the requirement of many clients) and the causation of impact (which is needed now more than ever).

As most of you have heard by now, 2024 is the anniversary year for SSF. The world of sustainable finance has definitely become a lot more complex since SSF was founded 10 years ago. But it also has turned more innovative, impact oriented and focused on key issues. Climate change and nature risks stand at the heart of many sustainable financial services that are being developed. The question of how investors can best support a just transition to a world thriving with rich biodiversity, below 2 degrees warmer than in pre-industrial levels, and offering a decent living for all communities will guide our activities in 2024.

Since this guiding question is not the only one that is looking to be answered, SSF introduces the “Question of the Month”. We’d like to take the pulse on key issues and learn how you see the best way forward. If you wish to express your opinion, jump to section two and answer the first question. We hope to be in a regular dialogue with you over the course of this year through our many planned events and webinars – particularly at our 10-year anniversary event on 20 June 2024.


Kind regards

Sabine Döbeli


Newsletter content

SSF activities at a glance

new: Question of the Month

Regulatory and market news

New SSF members and network partners

Join these events

SSF and sustainable finance in the media

New studies & reports

SSF activities at a glance
Interview with SSF companions: Liliana de Sà Kirchknopf

2024 marks the 10 Year Anniversary of SSF as an association. To celebrate this, we’ll ask 10 SSF companions to provide their view on SSF’s achievements and the role it has to play in the next 10 years. The first interview was held with Liliana de Sà Kirchknopf, Head of Private Sector Development at SECO. Read her interview here.

SSF Annual Conference 2024 & 10 Year Anniversary: registration open

Join us on the 20 June 2024 in the Kursaal in Bern for the SSF Annual Conference 2024 and 10 Year Anniversary. We will be looking ahead at the next 10 years in an exciting program, which we will reveal soon. Register already here.

Sustainable Investment Market Study: Survey open now

SSF is collecting data for the Swiss Sustainable Investment Market Study 2024. By providing data, you help SSF obtain an encompassing overview of the market development in this important field. If you have not received an invitation, but wish to take part in this survey please visit our website or contact us. For asset managers/banks. For asset owners (pension funds, insurers, foundations).

SSF Webinar on Derivatives

The first SSF webinar of the year accompanied the SSF Spotlight publication from December featuring an overview of the guidance on aligning the use of derivatives with sustainability objectives and a case study from UBS. Read more here.

Patrick Odier at the WEF

The SSF President and Building Bridges Chair, Patrick Odier, was actively involved in five side-events at the World Economic Forum 2024. Read a summary here.


> Visit our website for more about these and other SSF activities

Question of the Month

It is key for us to learn what our stakeholders think about important trends in sustainable finance. This is why we introduce the “Question of the Month” through which we aim to take the pulse on current topics. Let us know your opinion about the question of the month!

The TNFD has brought biodiversity risks onto the agenda of the financial sector. We’d like to hear how important you consider reporting on this topic.

Do you think nature risks and impacts is an important area for the financial sector to report on? 


Scan the QR and vote on Slido or just see the results!

Or follow this link

Regulatory and market news

Swiss News

European News (selection)

International News

  • Switzerland and the United Kingdom have signed the Berne Financial Services Agreement, a mutual recognition of financial services. This agreement aims to strengthen the cooperation between two major international financial centres and create recognition of their respective legal and supervisory frameworks on the basis of an in-depth review, thus enabling mutual market access.
  • Building on the work of the United Nations Secretary General’s High Level Expert Group on Net-Zero Emissions Commitments of Non-State Entities, the Taskforce on Net Zero Policy launched at the end of 2023 aims to ensure the credibility and accountability of the 1.5°C-aligned net zero emissions commitments by non-state actors .

Market News

New SSF members and network partners

We are happy to welcome the following organisations as new SSF members:

The full list of our members and network partners, now standing at 249, can be found here.

Upcoming events

Further events are listed on the SSF website.

SSF and sustainable finance in the media

Visit our website for more articles.

New studies & reports
ESMA: Impact investing – Do SDG funds fulfil their promises?

Impact investing, aimed at generating positive social and environmental impact alongside financial returns, is gaining traction among investors. ESMA considers it as important to scrutinize these investments to combat greenwashing and ensure alignment with sustainability objectives. With a significant role in achieving sustainability goals, impact investing and ESG strategies require careful attention to prevent misleading claims. Claims often rely on established frameworks like the UN SDGs, suggesting a positive contribution to these goals. Despite the increasing popularity of sustainable financial products, ESMA’s methodological approach reveals challenges in assessing real-world impact claims, raising concerns about the actual fulfilment of promises by funds claiming to contribute to the SDGs.

More >
Tameo Private Asset Impact Fund Report 2023

The Tameo Private Asset Impact Fund Report 2023 report stems from a six-month survey conducted by Tameo, focusing on private asset impact funds (PAIFs) primarily investing in developing countries. The surveyed market encompasses investment vehicles managed by specialized impact fund managers with over 50% of their non-cash assets allocated to private debt or private equity instruments, primarily in emerging and frontier markets, with a development impact bias. Investment managers (IMs) headquartered in Switzerland manage 13% of total AuM (being the largest market share behind the USA).

More >
WWF´s Sustainable Financial Regulations and Central Bank Activities Tracker 2023

SUSREG Tracker is WWF´s interactive online assessment tool that evaluates progress on the integration of environmental and social risks into central banking, financial regulation and supervision activities. The findings from the latest SUSREG Tracker show a significant increase of sustainable regulatory and supervisory measures by several central banks and financial supervisors with a strong focus on climate. 68% of high-income countries have not yet adopted considerable climate and environmental banking supervision policies.

More >

Kind Regards,

The SSF Team


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