Switzerland
Factbox
The principle stock exchange in Switzerland is SIX Swiss Exchange. There are 15 extractive companies listed on SIX with a total market cap of €276,502,167,000. The biggest of the extractive companies listed on SIX is Schlumberger Ltd with a market cap of €78,425,924,000. Five of the extractive companies listed on SIX are also covered by the Securities and Exchange Commission in the US. However, companies listed in Switzerland will not be covered by EU level legislation. In December 2012 a motion that would compel mining companies and private commodity trading houses to declare payments made to resource-rich countries was rejected by the Cabinet. Swiss officials have said commodities companies should voluntarily police themselves, however NGOs and MEPs have urged mandatory disclosures.
Sources: Revenue Watch Institute; Reuters
Recent activities
17 January 2013 – Swissaid are holding a Panel discussion in Berne Shedding Light on Darkness: Transparency in the Extractive Industries
4 September 2012 – Swissaid supported PWYP Niger/ROTAB in organising a public conference in Tabelot (Agadez region) to raise awareness of the potential of participatory budget processes and encourage communities to get involved in the management of their resources.
1 September 2012 – Swissaid supported PWYP Niger/ROTAB in organising a capacity building and sensitization session on participatory budget making with local elected officials from Kollo.
Contact Person
Lorenz Kummer
Swissaid
Tel. +41 31 350 5351
L.Kummer@swissaid.ch
Coalition members
Aktion Finanzplatz Schweiz
Berne Declaration
Bread for All
Fastenopfer
Swissaid
Transparency International – Switzerland
