Switzerland to Step Up Ethical Standards Despite Voters’ Rebuff
- Result paves way to counter-proposal from parliament
- Multinationals employ just over a quarter of the workforce
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Switzerland will still up the ante on multinational corporations with new ethics standards for businesses after voters rejected a popular initiative on Sunday.
A counter-proposal will now go ahead. It also seeks to ensure companies based in Switzerland don’t abuse human rights or breach environmental standards elsewhere, but stops short of allowing them to be sued for liability.