The Swiss financial sector continues to invest billions in global fossil fuel projects that generate up to 18 times more emissions than Switzerland alone. As a new people’s initiative demands tougher environmental rules around investing, what does the data show? The country’s financial sector has spent years issuing climate reports, setting net‑zero targets and promoting sustainability strategies. But activists argue that these voluntary efforts have fallen short, with Swiss-based institutions still causing significant environmental harm abroad. Many continue to finance oil and gas firms, commodity traders and heavy industry. Campaigners say banks, insurers and pension funds must be compelled to do more for the climate and nature, and to make the sector genuinely sustainable. In April, environmental groups including WWF and Greenpeace submitted signatures for a people’s initiative to trigger a nationwide vote. The Swiss Bankers Association says the proposal addresses a genuine …