Landesbank commits to sustainable investment practices
Liechtensteinische Landesbank has signed the Principles for Responsible Investment of the United Nations. It has therefore also committed to reporting on implementation of these principles on a yearly basis. The post of Sustainability Officer has additionally been newly created.
In July, Liechtensteinische Landesbank (LLB) officially signed the Principles for Responsible Investment of the United Nations (UN PRI). LLB is therefore now committed to holistically taking into account the environmental, social and corporate impact of its investment decisions. Moreover, the bank will in future report on the implementation of these principles annually, LLB writes in a press release. LLB has also newly created the role of Sustainability Officer, who will head up a Sustainability Council that has likewise been newly formed.
Group CEO Roland Matt will also sit on the new Sustainability Council. “Sustainability has long been a core element of our action. For us, sustainability means harmonizing our economic activities with responsibility for society, the environment, and corporate governance”, he states in the press release. “By joining the UN Principles for Responsible Investment, we are expressing how important it is to us to integrate environmental and social factors as well as good governance in our investment strategies”, Matt concludes.
LLB has already been offering its clientele sustainable investment opportunities for years. In this context, it launched sustainable asset management mandates back in 2015. Since 2017, sustainability factors have represented key criteria in customers’ personal investment strategies. By the end of this year, LLB intends to integrate sustainability criteria in the majority of its funds-based product portfolio.
In Liechtenstein, Kaiser Partner Privatbank and LGT Capital Partners are also among the signatories of the UN PRI.