LLB Group joins Climate Pledge
Vaduz, 15 March 2022. The LLB Group has joined the Climate Pledge. As the only bank in Liechtenstein with an MSCI sustainability rating of AA, this membership reaffirms its commitment to reduce carbon emissions – including banking products and own investments – to net zero by 2040.
Commitment to holistic climate neutrality by 2040
The LLB Group now belongs to the exclusive circle of about 300 ambitious companies worldwide that aim to achieve net zero carbon emissions by 2040, underlining this voluntary goal by joining the Climate Pledge. The LLB Group is the first bank in Liechtenstein, Switzerland, and Austria which, as a member of the Climate Pledge, is promising to achieve operational climate neutrality ten years ahead of the deadline set out in the Paris Agreement on climate change.
Group CEO Gabriel Brenna on this latest sustainability initiative of the LLB Group: "Sustainability is an important core element of our new ACT-26 strategy. We have set our sights high and aim to play a pioneering role in this regard. We have already been climate neutral since 2021 by investing in carbon-reducing environmental protection projects in the region and worldwide in cooperation with the Swiss myclimate foundation. By joining the Climate Pledge, we are committed to successively reducing our total carbon emissions, including indirect emissions from banking products and own investments, to net zero by 2040."
First bank in Liechtenstein with an MSCI ESG Rating of AA
The LLB Group's commitment to sustainability is broadly based and reflected in its membership of the most important international climate initiatives: Apart from the Climate Pledge, the LLB has joined the United Nations Net-Zero Banking Alliance (NZBA). The LLB Group has also signed the United Nations Principles for Responsible Banking (PRB) and the Principles for Responsible Investment (PRI). Due to its comprehensive commitment to sustainability, the LLB Group is the first and currently the only bank in Liechtenstein to have an MSCI ESG Rating of AA. MSCI rates the sustainability of companies worldwide according to environmental (E), social (S), and governance (G) criteria.
Liechtensteinische Landesbank AG (LLB) is the longest established financial institute in the Principality of Liechtenstein. The majority of the company’s share capital is held by the Principality of Liechtenstein. LLB’s shares are listed on the SIX Swiss Exchange (symbol: LLBN). The LLB Group offers its clients comprehensive wealth management services, as a universal bank, in private banking, asset management and fund services. With 1'116 employees (full-time equivalent positions), LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates (Abu Dhabi and Dubai). As per 31 December 2022, the business volume of the LLB Group stood at CHF 98.4 billion.
- 24 August 2023, presentation of the 2023 interim business result
Liechtensteinische Landesbank AG
Dr. Cyrill Sele
Head of Group Corporate Communications & Sustainability
Telephone +423 236 80 99