Our society is facing major challenges, not just where the environment is concerned, but also from a social, technological and political perspective. We must all fulfill our social and corporate responsibility and contribute to a livable future. LGT does this in various areas.
Environmental pollution, climate change, government debt and drastic cost-saving policies are testing democratic cohesion and placing a strain on society. But the warning signals seem to have finally hit home at national and international levels and the issue of sustainability is increasingly in the public spotlight.
To overcome these many and varied challenges, we not only need a strong political system that will put in place the necessary legislative and regulatory changes. We also need businesses to act sustainably and make its own contribution by introducing structural changes and technological innovations. As an investor and investment adviser, the financial sector can play an important role in the necessary transformation process when allocating capital.
Sustainability has long been a priority for LGT. Due not least to our unique ownership structure, we have always taken the long-term, holistic view and fulfilled our social and environmental responsibility at various levels. In 2014, we defined various sustainability targets that we intend to meet by 2020.
The balance between society and nature has been upset. We must all commit to setting a course for a more sustainable world. LGT wants to make an active contribution to the sustainability debate – and has set itself clear targets by 2020.
In fall 2015, the UN adopted Agenda 2030, with the backing of all member states. The core component of this agenda are 17 goals for sustainable development, which are evenly spread over the economic, social and environmental domains. For the first time, combating poverty and sustainable development have been combined in a single agenda. However, the UN can only achieve these goals if all actors play their part: states, businesses, local communities and each individual person.
LFT wants to contribute to the attainment of these sustainability goals – both in its banking operations and in the investment business. We also want to support our private clients, giving them a better understanding of the issue of sustainability and enabling them to check how sustainable their investment instruments and portfolios are.
To play our part in sustainable development, we are involved in numerous international organizations and associations. Our key memberships are listed here: