Banking operations are to be viewed holistically and by means of a broad sustainability approach. 

We have set ourselves the goal of reducing our greenhouse gas emissions in banking operations by at least 20 per cent by 2026 (compared to 2019). We report on our progress in the sustainability statement. 

What have we achieved already?

• Investments in climate protection projects equivalent to the company's (compared to 2019)
• Switch-over to green electricity in our own buildings in Liechtenstein, Switzerland and Austria
• Switch-over from conventional gas to biogas in Liechtenstein
• Introduction of a comprehensive mobility concept to incentivise the use of public transport. Among other things, the concept includes parking charges for motorists, cash benefits for those who refrain from using cars, and subsidised travel cards for public transport.
• Systematic conversion of the LLB vehicle fleet in Liechtenstein to electric mobility

Our approach: Reducing emissions and funding climate action

We define banking operations as all internal resources and processes that directly or indirectly serve to create economic value. Our resources include our banking infrastructure (buildings, IT hardware, company cars) as well as our employees. In this case, we distinguish between the following emitter groups:

• Scope 1: All direct emissions, for example from company cars.
• Scope 2: Emissions from purchased energy, such as electricity and heat.
• Scope 3.1 to 3.7 and 3.14: Emissions from intermediate inputs, third-party services, employee travel and other indirect sources.

For greenhouse gas emissions that we are currently unable to avoid or reduce, we use the myclimate foundation to fund climate protection projects equivalent to the calculated emissions. The foundation supports projects in the region and around the world that reduce greenhouse gas emissions or sequester CO₂ in the long term.