Award for LBA for its ongoing efforts towards sustainability and digitalisation

Capital Finance International (CFI.co), awarded the Liechtenstein Bankers Association (LBA) for the second time the prestigious prize for outstanding contribution to good governance in Liechtenstein.

CFI.co mentions that Liechtenstein would be known for its political stability and economic prowess. With the Roadmap 2025, the Liechtenstein Bankers Association would strive to maintaining and improving the country's reputation as one of the most renowned and respected financial centres in the world. According to CFI.co, the LBA has set ambitious goals and would make good progress on all metrics. CFI.co was especially impressed that the LBA applied science-based standards to avoid and reduce CO2 emissions as well as offsetting projects to cover unavoidable emissions. CFI.co concludes that Liechtenstein has passed some of the most transparent and comprehensive blockchain legislation in the world, providing a secure and trustworthy environment for cryptocurrencies, tokens and other digital assets.  

Simon Tribelhorn, the CEO of LBA, is delighted and honoured to receive this award: “The award confirms that our efforts to serve our members as well as to advance Liechtenstein as a banking and financial centre are bearing fruit. I am especially proud that CFI.co recognizes our non-fungible token (NFT) project in collaboration with KlimaDAO and Swappable to fulfill our net-zero commitment for 2021 and 2022 emissions through the carbon retirement with a REDD+ project in Colombia as a very practical best practice example”. He continues: “The award is a fantastic recognition of our amazing team and the result of our hard work. But it is also an incentive for us to continue pursuing the path we have taken and the professionalisation of the Bankers Association as an innovative, modern and dynamic trade association."

The judges’ report in detail

About the Award
Each year, CFI.co seeks out individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Reporting from frontlines of economic convergence, CFI.co realises that best practice is to be found throughout the world and the Awards Programme aims to identify and reward excellence wherever it is found in the hope to inspire others to further improve their own performance.

About CFI.co
CFI.co (Capital Finance International), a print journal and online resource reporting on business, economics and finance, recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London it brings coverage and analysis of the drivers behind change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds, a dedicated editorial team ensure that readers better understand the forces influencing and reshaping the global economy (www.cfi.co).