The world is facing major environmental, societal, technological and political challenges. We must all fulfill our social and corporate responsibility and contribute to a livable future. LGT does this in a number of areas.
Pollution, climate change, government debt and drastic austerity measures are putting a strain on democratic cohesion and taking their toll on societies. However, it would appear that the warning signs have finally been recognized at the national and international levels, and sustainability is increasingly becoming a topic of public debate.
In order to address the global challenges, the UN adopted its Agenda 2030 and the 17 Sustainable Development Goals (SDGs) in 2015. These cover a balanced mix of economic, social and environmental factors.
The goals have been in force since 2016 for all 193 UN member states and mark the first time that fighting poverty and sustainable development have been combined under one agenda. But the UN can only achieve these goals if all stakeholders do their part: governments, business, local communities and every individual.
The financial sector can and must also act sustainably and make a contribution – through structural adjustments and technological innovations. As an investor and investment advisor for capital allocation, it plays an important role in the necessary transformation process.
LGT was early to commit to sustainability; long-term thinking and actions have always been among the company’s core characteristics. That’s why we have been working for many years now to further strengthen our commitment to sustainability both in terms of our operations and our core private banking and asset management business. Ensuring that our activities make a positive contribution to the environment and society is important to us.
Our new sustainability strategy came into force in 2018. It sets out binding goals to be reached by 2025 with a view to taking sustainability into even greater account in all areas of our business activities and across our entire product range.
The Sustainability Board chaired by H.S.H. Prince Max von und zu Liechtenstein, CEO LGT, defines the strategic direction and guidelines for sustainability. LGT Group’s entire senior management and other areas of the business are represented on the Sustainability Board.
The Think Tank is a committee staffed by in-house experts. It monitors current trends and developments and works on a project basis with external specialists and representatives from universities. It supports the Sustainability Board in forming opinions and shares its expertise with the various committees.
With the LGT Sustainability Strategy 2025, we aim to make a contribution to the UN’s SDGs and as a result, help to make the world better and more sustainable.
LGT Group can make a concrete contribution to the following eight of the 17 SDGs:
Ensure healthy lives and promote well-being for all at all ages
Achieve gender equality and empower all women and girls
Ensure access to affordable, reliable, sustainable and modern energy for all
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Reduce inequality within and among countries
Ensure sustainable consumption and production patterns
Take urgent action to combat climate change and its impacts
Strengthen the means of implementation and revitalize the global partnership for sustainable development
The only way to tackle problems such as climate change, social imbalances and political polarization is by working together. We therefore engage in a regular dialog with various stakeholders. In addition, we try to promote sustainability by collaborating with various specialist organizations.