The annual report of the LLB Group has contained an integrated stakeholders report since 2015. This report has been prepared in accordance with the GRI Standards: “Core” option. By doing this, we are highlighting our proactive focus on sustainability.
Since 2017, capital market-oriented corporations as well as large credit institutions and insurance companies that have more than 500 employees have been required by an EU directive to disclose information about their Corporate Social Responsibility (CSR) performance in their annual report. With the resulting amendment of the Persons and Companies Act (PGR), Liechtenstein, as an EEA country, has thus introduced for the first time reporting regulations on certain sustainability topics such as environmental, employee and social matters, as well as respect for human rights, anti-corruption and bribery matters.
LLB met these EEA requirements a year before the law actually came into force in Liechtenstein. At the end of 2014, we compiled a set of about 25 sustainability topics. In 2015, in accordance with the requirements of the Global Reporting Initiative (GRI G4), we established, reviewed and evaluated a list of material aspects and indicators. LLB developed this further by defining strategic priorities, as shown in the materiality matrix (see matrix). In 2018, we refined the process of identifying and managing sustainability topics and updated the management approaches that form the basis of the materiality matrix.