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.

Other sources of emissions, such as the staff restaurant or the waste system, only have a very minor impact on the LLB Group's carbon footprint, but they have an impact on other areas as well, such as the environment and species protection, and are therefore also the focus of our optimisation efforts.

What have we achieved already?

• Climate neutral in banking operations by supporting various climate protection projects for  removal.
• Complete switch-over to green electricity in our own buildings in Liechtenstein, Switzerland and Austria
• Switchover 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
• Awareness campaign in the employee restaurant, highlighting the benefits of regional, seasonal and vegetarian cuisine
  

Our approach: Reduce and compensate

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: Includes all emissions caused directly by combustion (e.g. company vehicles).
• Scope 2: Includes emissions caused by purchased energy (e.g. electricity, heating).
• Scope 3.1 to 3.7 and 3.14: Includes emissions caused by purchased inputs, third-party services, employee commuting, etc.

We offset greenhouse gas emissions that we are unable to reduce by purchasing CO₂ certificates from the myclimate foundation. The foundation uses the income it receives from the certificates to support CO₂-reducing projects in the region and worldwide. These include reforestation initiatives in western Uganda and Nicaragua, as well as the climate change mitigation programme for fertile soils as natural CO₂ sinks in the Lake Constance region. Besides being good for the environment, these projects also benefit the local population and biodiversity.