The LLB Group considers sustainability or corporate social responsibility (CSR) to be an integral part of its business success. We want to create long-term added value for our clients, shareholders, employees and other stakeholder groups. Moreover, we are committed to responsible corporate governance, which includes our economic, ecological and social performance. Sustainability topics occupy an important place in our Annual Report.
To provide even more transparency for our stakeholder groups, we have prepared our sustainability reporting for the 2015 report year for the first time according to the guidelines of the “Global Reporting Initiative” (GRI). GRI, a non-governmental organisation, develops standards that provide companies with a systematic framework for communicating corporate responsibility in a transparent and comparable manner. GRI is the most widely used comprehensive sustainability reporting standard in the world. The latest G4 GRI Guidelines provide for a focus on topics material to business activity.
We have applied the GRI / G4 Sustainability Guidelines – “Core Option” for the first time in the 2015 annual report of the LLB Group. The report was submitted to the GRI Materiality Disclosure Service and confirmation of its successful alignment with GRI guidelines was issued on 1 March 2016. Restatements of information provided in the Annual Report 2014, which was published on 10 March 2015, were not necessary. The Annual Report 2015 includes all companies with a 100 percent equity interest (see “Scope of consolidation”) as well as Bank Linth LLB AG, unless explicitly noted otherwise.
The systematic identification of key sustainability topics for the LLB Group and its stakeholder groups can be found in chapter “GRI Content Index”. The key topics are structured according to the topic groups: market performance, compliance, employees as well as responsibilities for society and the environment. As far as the data situation allows, this report covers all topics considered material.
As regards material boundaries, all the topics listed are relevant to the whole LLB Group as well as to stakeholder groups particularly interested in the success of the company – such as shareholders and employees. They influence business risks and opportunities, including the company’s reputation, which can impact the success of the business.
Materiality outside of the LLB Group depends on the various stakeholder groups in our value creation chain. Topics related to market performance and compliance are relevant to our clients. Topics related to regulations are material to the supervisory authorities. Topics related to responsibilities for society and the environment are relevant to our neighbours, the Principality of Liechtenstein as well as environmental and social organisations. Topics in the area of employees are material to them and our clients. The competence and motivation of the people in the LLB Group substantially determine the quality of the services we provide for our clients.
Information regarding the management approach to sustainability (“Managementansätze zur Nachhaltigkeit”) can be found in chapter “GRI Content Index”.