Case study: How KPPB works with its clients and customers to encourage sustainable practices
Kaiser Partner Privatbank (KPPB) is a financial institution based in Liechtenstein, offering a range of services to its high net worth individual clients and foundations. The bank’s primary focus is on providing bespoke asset management and investment advice to help its clients achieve their financial goals. Additionally, KPPB also offers its expertise to external asset managers. KPPB is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Tweet This!
This case study is based on the 2023 PRB Reporting and Self-Assessment Template by KPPB, prepared in relation to its implementation of the PRB, that can be found at this link. Through all case studies we aim to demonstrate what ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.
Which Principles for Responsible Banking have been addressed?
The Principles for Responsible Banking addressed in this case are:
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- Principle 3: Clients and Customers
- Principle 4: Stakeholders
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With this case study you will see:
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- How KPPB proceeded with stakeholder identification and consultation, and
- How KPPB worked with its clients and customers to encourage sustainable practices and enable sustainable economic activities
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Stakeholder identification and consultation
Please describe which stakeholders (or groups/ types of stakeholders) you have identified, consulted, engaged, collaborated or partnered with for the purpose of implementing the Principles and improving your bank’s impacts. This should include a high-level overview of how your bank has identified relevant stakeholders, what issues were addressed/results achieved and how they fed into the action planning process.
Collaboration has been established with various external partners, including:
- Sustainability consultants for impact analysis;
- Data processors for determining ESG scores and carbon footprints;
- Engagement service providers;
- And the respective companies involved in engagement activities.
KPPB’s primary stakeholders are its employees and customers, and the objectives KPPB sets are tailored to address these two groups.
Additionally, KPPB’s sustainability strategist is part of the sustainable finance task force within the Liechtenstein Bankers Association. The association’s “Roadmap 2025” operates under the motto “Growth through sustainability and innovation,” ensuring that KPPB’s participation aligns it with the country’s leading sustainability initiatives.
How did KPPB work with its clients and customers to encourage sustainable practices and enable sustainable economic activities?
In its 2023 PRB Reporting and Self-Assessment Template KPPB reports that it works with its clients and customers to encourage sustainable practices and enable sustainable economic activities as follows:
KPPB’s stated objective is to serve its customers with integrity and a focus on sustainability, as outlined in its Code of Conduct.
KPPB also provides relevant sustainability information for its customers on its website.
One important initiative already in place is offering portfolio analysis based on ESG metrics. KPPB has observed that its customers are increasingly striving for better scores and are more inclined to invest sustainably.
Additionally, KPPB has introduced another sustainable option for customers through its passive index mandate, which extends even further in terms of sustainability compared to KPPB’s actively managed portfolios.
UN Principles for Responsible Banking: Accelerating a positive global transition for people and the planet
With over 300 signatory banks representing almost half of the global banking industry, the Principles for Responsible Banking are the world’s foremost sustainable banking framework. Through these Principles, the banking community takes action to align core strategies, decision-making, lending and investment with the UN Sustainable Development Goals and international agreements such as the Paris Climate Agreement.
FBRH Principles for Responsible Banking (PRB) Assurance:
First class PRB assurance services: The result of solid, hands-on ESG/ Sustainability experience
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- FBRH is a GRI Certified Training Partner (Global), ISEP Training Centre and a member of CPD.
- FBRH builds trust. Over 200 reviews from top professionals from around the world demonstrate our ability to build strong, trusting business relationships.
- FBRH possesses a unique skill set that combines ESG/sustainability certified training, experience in advisory services and report preparation, and ESG/sustainability report assurance.
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The combination of all the above empowers FBRH to provide first class Principles for Responsible Banking (PRB) assurance services.
References:
This case study is based on published information by KPPB, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:
https://kaiserpartner.bank/wp-content/uploads/2023/10/PRB-Report-2023.pdf
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