Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ Un­der­tak­ings shall pre­pare a re­port on non-fin­an­cial mat­ters each year if:

1.

they are com­pan­ies of pub­lic in­terest as defined in Art­icle 2 let­ter c of the Aud­it­or Over­sight Act of 16 Decem­ber 2005⁸¹⁷;

2.

to­geth­er with the Swiss or for­eign un­der­tak­ings that they con­trol, they have at least 500 full-time equi­val­ent po­s­i­tions on an­nu­al av­er­age in two suc­cess­ive fin­an­cial years; and

3.

to­geth­er with the Swiss or for­eign un­der­tak­ings that they con­trol, they ex­ceed at least one of the fol­low­ing amounts in two suc­cess­ive fin­an­cial years:

a.

a bal­ance sheet total of 20 mil­lion francs,

b.

sales rev­en­ue of 40 mil­lion francs.

² The fore­go­ing re­quire­ment does not ap­ply to un­der­tak­ings that are con­trolled by an­oth­er un­der­tak­ing:

1.

to which para­graph 1 ap­plies; or

2.

that must pre­pare an equi­val­ent re­port un­der for­eign law.