Case study: How KPPB identifies and works on strategic business opportunities to increase positive and reduce negative impacts
Kaiser Partner Privatbank (KPPB) is a financial services provider based in Liechtenstein. As a private bank, KPPB specializes in asset management and comprehensive investment advisory services for affluent private clients and foundations. Additionally, KPPB serves as a service provider for external asset managers. KPPB is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, identifying and working on strategic business opportunities to increase positive and reduce negative impacts. Tweet This!
This case study is based on the 2024 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:
- Principle 3: Clients and Customers
- Principle 4: Stakeholders
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- How KPPB proceeded with stakeholder identification and consultation, and
- How KPPB identified and worked on strategic business opportunities to increase positive and reduce negative impacts
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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.
KPPB has established collaborations with various external partners, including:
- Sustainability advisors for impact analysis
- Data processors responsible for determining ESG scores and carbon footprints
- Engagement service providers
- The respective companies with which engagement activities are conducted
KPPB’s primary stakeholders are its employees and its clients. Consequently, the goals set by KPPB are focused on these two groups.
Additionally, KPPB’s sustainability strategist is a member of the sustainable finance task force of the Liechtenstein Bankers Association. The association’s Roadmap 2025 is guided by the motto “Growth through sustainability and innovation.” This involvement ensures that KPPB remains at the forefront of sustainability initiatives across the country.
How did KPPB identify and work on strategic business opportunities to increase positive and reduce negative impacts?
In its 2024 PRB Reporting and Self-Assessment Template KPPB reports that it identified and worked on strategic business opportunities to increase positive and reduce negative impacts as follows:
Regarding the reduction of GHG emissions, KPPB is evaluating a new investment product: Finreon Carbon Focus. Incorporating this product into KPPB’s solutions would significantly contribute to achieving the organization’s target.
With the growing availability of sustainability data providers, KPPB also sees a business opportunity to enhance collaboration with third-party experts. Such partnerships would enable KPPB to engage more deeply with clients on their sustainability needs and serve as a trusted advisor. Accordingly, KPPB is currently assessing ClarityAI and Bloomberg as potential data providers.
KPPB continuously monitors these strategic business opportunities to ensure alignment with its sustainability objectives.
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:
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