News & Events
The Liechtenstein financial sector took part in the international PACTA climate compatibility test. The results show that the country’s financial institutes continue to invest heavily in fossil fuels. Nevertheless, many are developing or already pursuing sustainable environmental strategies.
The LGT Group has signed up to the UN Principles for Responsible Banking. The banking group under the ownership of the Princely Family of Liechtenstein is seeking to fulfil its responsibilities with regard to ensuring the sustainability of the financial sector.
The Financial Stability Council has attested that Liechtenstein’s finance sector has fared comparatively well in the pandemic so far. The employment market has also maintained stability. However, action needs to be taken as regards the high level of private debt.