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Swiss Federal Council Background Report on Commodities highlighted the economic importance of commodity trading to Switzerland. The report identified challenges for the sector around human rights and environmental standards. Efforts to advance this agenda have focused on follow up actions and dissemination activities. But significant work remains for companies to demonstrate publicly their commitment to implementing human rights due diligence processes in line with the UNGPs and other relevant international standards. Commodity traders will need to develop more effective ways of monitoring due diligence steps taken to ensure they meet appropriate standards.