Half of Swiss support Responsible Business Initiative in early voting day estimates

© Reuters. FILE PHOTO: A small banner reading: “Responsible Business Initiative – Yes on November 29” is fixed to the frame of a bicycle in Zurich

ZURICH (Reuters) – Half of Swiss voters on Sunday supported a constitutional amendment extending Swiss companies’ liability over human rights abuses and environmental harm caused abroad, according to first estimates by Swiss broadcaster SRF.

Voters are choosing in a referendum on Sunday between new proposals by the Responsible Business Initative, which would change the Swiss constitution, and a milder government version that would force firms to step up checks on their overseas operations and supply chains but stops short of extending liability to Swiss courts.

According to first counts, 50.0% of voters accepted the Responsible Business Initiative’s proposals to make large companies and those in high-risk businesses liable in Swiss courts for violations caused by firms they control. But the vote must also gain backing in a majority of cantons, a necessary condition for a public initiative to be enacted in Switzerland.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  S&P 500 tumbles as trading on Wall Street resumes


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.