December 2021

After the "Responsible Business" Initiative failed in the referendum last November due to a majority of the cantons, the indirect counter-proposal will now enter into force on January 1, 2022. Following the conclusion of the consultation process, on December 3, 2021, the Federal Council published the corresponding ordinance on the specification of the new due diligence requirements in the areas of child labor as well as minerals and metals from conflict zones ("conflict minerals"), which are part of the legislative amendments. They will apply for the first time to the 2023 financial year.