LGT enters into UN banking alliance for the climate

LGT Private Banking is one of the 43 founding members of the Net-Zero Banking Alliance of the United Nations. By signing the accession agreement, members commit to becoming carbon neutral by 2050. Investments that are harmful to the environment must be removed from the portfolios.

According to a press release, on Wednesday LGT Private Banking has signed the accession agreement for the UN’s Net-Zero Banking Alliance. With this newly established initiative the 43 member banks from 23 countries commit to becoming carbon neutral by 2050.

The aim for this is to remove investments that are harmful to the environment from the investment portfolios of financial institutions. Sector-specific intermediate and long-term objectives are to be defined for alignment of their portfolios. These will be based on scientific climate scenarios.

Prince Max von und zu Liechtenstein, the Chairman of LGT, states in the press release that LGT Private Banking wants to be among the pioneers when it comes to sustainability, adding: “Having a concrete framework and objectives can help us to advance the issue further. […] As a founding member, we can join the other representatives of the sector in taking an important step on the path to a more sustainable future.”

According to Olivier de Perregaux, CEO LGT Private Banking, banking and the entire finance sector must organize themselves sustainably, “the earlier, the better. This is the only way we and the other sectors and actors can reach the ambitious climate goals that are necessary to halt the consequences of climate change.”

Share article

More news

QR-bill replaces payment slips

The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.


Liechtenstein banks to pay for holiday activities

Together with the Office for Social Services, the LBA has organized a free program of holiday activities for children. This is aimed at easing the burden during the summer holidays on families that have faced serious challenges in connection with the coronavirus crisis.


Investor Summit Liechtenstein looking for champions

Start-ups and SMEs looking for capital can now apply for the Investor Summit Liechtenstein. Winners will have the opportunity to present their ideas in front of around 250 investors. Carsten Maschmeyer and Prinz Max von und zu Liechtenstein will appear as speakers.


LLB ensures the sustainability of its gold fund

Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.


If you click on "Accept all cookies", you agree to the storage of cookies on your device in order to improve navigation on the website, to analyze the use of the website and to support our marketing activities. Learn more

When you visit a website, it can retrieve or save information via your browser. This usually takes place in the form of cookies. This can be personal information, your settings or your device. Most of the time, the information is used to ensure that the website functions as expected. This information does not normally identify you directly. This can provide you with a more personalized web experience. Since we respect your right to data protection, you can choose not to allow certain types of cookies.

If you click on close and do not accept the cookies, no analytics or performance cookies will be activated. By clicking on "close" and then on "accept all cookies" you can benefit from the unrestricted experience with the website and the services.


Analytics-Cookies: With these cookies we can count visits and understand how and where users come to our site and where they leave our site. This is used to measure and improve the information offered on our website. They also help us to determine which pages are most popular and least popular and to see how users move around the website.

Performance cookies: These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us answer the questions about which pages are most popular, which are the least used and how visitors move around the website. All information these cookies collect is aggregated.