Financial market operator and information provider SIX has launched the SIX 1.5°C Climate Equity Flag to help investors identify companies with business models aligned to the goals of the Paris Agreement. To secure the flag, companies must provide SIX with a confirmation from an approved reviewer – currently S&P or SGS – that their entire value chain is 1.5°C-aligned, their decarbonisation strategy is credible, and more than 50% of current revenues and investments contribute to the Paris goals. Companies listed on SIX Swiss Exchange can apply now for the voluntary flag. Once awarded, it is valid for a year and must be renewed on an annual basis. “Our new flag serves as a tool to enhance the visibility and reputation of companies,” said Bjørn Sibbern, Global Head Exchanges and Executive Board Member at SIX. “This in turn supports investors in making more informed decisions, reducing uncertainty around a company’s current and future climate emissions trajectory.” SIX developed the concept following extensive exchange with listed companies, audit and legal firms, sustainability experts and industry associations.
