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Sustainability

LLB supports Liechtenstein’s climate strategy

3 Nov 2022
Vaduz - LLB Group has informed the government about its new strategy, ACT-26, at their traditional meeting. This envisages LLB becoming a pioneer in matters relating to sustainability. It thus also supports Liechtenstein’s climate strategy.

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According to a press release from LLB Group, a bank that is majority-owned by the principality of Liechtenstein, the administrative board and group leadership informed government representatives of a new strategy named ACT-26 at the traditional meeting between LLB Group and the government. Group CEO Gabriel Brenna gave a statement at the meeting, noting: “We have successfully started the new strategy with a sustained growth dynamic and a rise in profits despite a difficult market environment. In the first months of this year, we were able to prove once again that we are successful and continue to grow even under such challenging conditions.”

Besides growth and efficiency, sustainability is one of the three key principles of ACT-26. LLB plans to become a pioneer in this regard. To this end, the banking group has committed to achieving operational climate neutrality ten years earlier than the date of 2050 agreed in the Paris Climate Agreement. LLB plans to publish a report this month on its path to net zero following the standards of the Task Force on Climate-related Financial Disclosures. LLB is also providing its clients with a digital application for sustainable asset management, called wiLLBe. 

In his address at the meeting, Prime Minister Daniel Risch stated that the government is particularly delighted with LLB’s sustainability initiatives as they set a good example and support the path of the Climate Strategy 2050 Liechtenstein. He added “Even in Liechtenstein with its limited resources, it is important that companies based here promote this matter.”