News in the spotlight: Swiss Federal Council rejects initiative “For a sustainable and future-oriented Swiss financial centre"
The Swiss Federal Council has decided to recommend that Parliament reject the popular initiative “For a sustainable and future-oriented Swiss financial centre (financial centre initiative)” without putting forward a direct or indirect counter-proposal.
Products and Services
Goldman Sachs Alternatives to acquire Tosca from Apax Partners
Funds advised by Apax Partners have signed an agreement to sell Tosca, a global provider of reusable asset pooling and logistics solutions for the food supply chain, to Infrastructure at Goldman Sachs Alternatives. The transaction, announced on 10 August 2026, is expected to close in 2026 subject to customary closing conditions and regulatory approvals. Headquartered in Atlanta, Tosca operates 63 service and wash centers and serves more than 5,000 customers across 30 countries in North America and Europe. The company manages reusable plastic containers, pallets and bulk bins used by food producers, distributors and retailers, positioning itself as a critical part of food distribution infrastructure. Following completion, Infrastructure at Goldman Sachs Alternatives, together with Tosca’s management team, plans to support further growth through investment in Tosca’s asset base, operational platform, technology capabilities and customer offering. Goldman Sachs highlights the deal as a bet on the growing importance of efficient, resilient and sustainable supply chain infrastructure.
Sosteneo buys wind repowering portfolio in Germany
Sosteneo, part of Generali Investments, has signed an agreement to acquire a majority stake in a portfolio of 11 onshore wind repowering projects in Germany with a total capacity of around 350 MW. The assets will sit in a newly created operating platform, ENOVA Generation, and the deal marks Sosteneo’s entry into the German market as well as the first investment of its second flagship fund, Fund II. The portfolio is being sold by ENOVA Value, joint ventures between Omnes Capital (on behalf of its Capenergie 4 and Capenergie 5 funds) and ENOVA Power. ENOVA will retain a minority holding and take on full operational management of the portfolio. Completion is expected in Q3 2026, subject to customary approvals. About 40% of the capacity is already operational and will generate cash flows from the acquisition date. The remaining 60% is either under construction or approaching its Final Investment Decision. All projects receive remuneration under Germany’s Renewable Energy Sources Act (EEG) for 20 years, providing long-term, contractually secured revenue visibility.
Regulations, Law and Frameworks
Swiss Federal Council rejects initiative “For a sustainable and future-oriented Swiss financial centre"
The Swiss Federal Council has decided to recommend that Parliament reject the popular initiative “For a sustainable and future-oriented Swiss financial centre (financial centre initiative)” without putting forward a direct or indirect counter-proposal. The decision was taken at its meeting on 12 August 2026. The Federal Council instructed the Federal Department of Finance to prepare a dispatch to Parliament by 16 April 2027 setting out the government’s position and reasoning. The initiative, which seeks to steer the Swiss financial sector more strongly toward sustainability and climate objectives, will now be debated in Parliament, with the Federal Council formally advising against its adoption. By rejecting the initiative outright and not proposing an alternative text, the government signals that it considers existing measures and ongoing regulatory developments in sustainable finance sufficient, or that it views the initiative’s demands as incompatible with its current policy approach. The next step is parliamentary consideration of the Federal Council’s dispatch once it is published in spring 2027.
ESG Data and Analytics
Deepki acquires Camion to leverage agentic AI for real estate
Deepki has acquired UK-based Camion Energy, a pioneer in agentic AI for real estate electrification. The deal, announced on 30 July 2026, is Deepki’s fourth strategic acquisition since 2014 and is designed to strengthen its ability to help owners prioritize capital for electrification, energy generation and storage. The combination merges Camion’s domain-specific agentic AI and predictive financial models with Deepki’s proprietary data layer covering more than 500,000 assets in over 95 countries. Deepki says the integrated technology enables faster, smarter portfolio decisions, with customers already seeing up to a 40% increase in site net operating income through optimized upgrades and 90% faster underwriting for new energy assets. The companies frame the acquisition around a USD 7 trillion global electrification opportunity, with 66% of new energy demand projected to be electric by 2050. Deepki’s CEO Vincent Bryant describes the move as a way to give institutional investors an always-on, AI-driven platform to protect gross asset value and secure long-term value across global portfolios.
Updapt launched climate risk solution for companies
Updapt has launched a Climate Risk Analysis module designed to help companies assess physical and transition climate risks at asset and location level and integrate the results into their broader ESG reporting workflows. The module combines internal company data with external climate and scenario data to produce site-level risk profiles and scenario-based insights aligned with major disclosure frameworks. The tool is aimed at organizations facing growing regulatory and investor pressure to quantify how climate risks could affect financial performance. Updapt says the module enables users to identify which assets and geographies face the greatest exposure, prioritize resilience actions and support TCFD-aligned and other climate-related disclosures. Key capabilities include assessment of climate-related risks across assets and geographies, identification of exposure hotspots, and risk prioritization tools for management and reporting purposes. The module sits within the Updapt platform so that climate risk data can be linked to existing ESG data collection, materiality assessments and reporting processes.