The Swiss Bankers Association (SBA), the Swiss Funds & Asset Management Association (SFAMA), the Swiss Insurance Association (SIA) and Swiss Sustainable Finance (SSF) support the Federal Council’s position on creating optimal framework conditions for a sustainable and more competitive Swiss financial centre. The financial sector welcomes the Federal Council’s report and guidelines on sustainability in the financial sector, and shares its objective of positioning Switzerland as a leading sustainable financial market. Own initiatives undertaken by the sector and competitive framework conditions are key to successfully achieving this goal. The Federal Council is analysing possible measures in the areas of transparency, reporting and the pricing of risks. The financial sector supports the Swiss federal government’s approach to focus on a supporting role in this area. Commensurability, effectiveness and where appropriate, international compatibility must be taken into account as part of these efforts.