Sustainability to the LLB Group means that it creates long-term added value for its clients, shareholders, employees and other stakeholder groups. As a consequence, we are committed to responsible corporate governance, which takes the economic, ecological and social aspects into account. Sustainability topics occupy an important place in our annual report.
To provide the best possible transparency for our stakeholder groups, we prepared our sustainability reporting in accordance with the standards of the Global Reporting Initiative (GRI Standards). They provide companies with a systematic framework for communicating corporate responsibility in a transparent and comparable manner. Reporting in accordance with GRI Standards is the most widely used comprehensive sustainability reporting standard in the world.
The report has undergone and successfully completed the GRI Materiality Disclosures Service. LLB thus meets the current legal requirements: following the amendment of Liechtenstein’s Persons and Companies Act (PGR), capital market-oriented corporations as well as large credit institutions and insurance companies that have more than 500 employees have been required since 2017 to disclose information about their Corporate Social Responsibility (CSR) performance in their annual report.
The Annual Report 2019 includes all companies with a 100 per cent 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 “Responsibilities for society and the environment”. They are structured according to the following topics: “market performance and compliance”, “responsibilities for society and the environment” and “employees”. As far as the data situation allows, this report covers all material topics. Subsequent corrections to previous-year figures are explained at the appropriate place in the report.
Material topics 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 and consequently the success of LLB’s business. The materiality of the topics for our stakeholder groups depends on their position in the value chain. Topics related to market performance and compliance are particularly important to our clients. For the supervisory authorities, topics related to regulatory requirements are of primary importance. Topics related to corporate responsibility towards society and the environment are important to our neighbours, the Principality of Liechtenstein as well as environmental and social organisations. Topics in the area of employees are pertinent in particular to them and our clients since the competence and motivation of the people in the LLB Group substantially determine the quality of the services. Further information on the material topics can be found in the management approaches.
This page includes, inter alia, the following GRI standard disclosures: 102-45, 102-46, 102-48, 102-49, 102-54. A complete list of all disclosures presented in the report can be found in the GRI Content Index.