Case study: How the LLB Group identifies and works on strategic business opportunities to increase positive and reduce negative impacts

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.

The LLB Group maintains ongoing and transparent communication with both internal and external stakeholders through face-to-face interactions, digital channels, information events, and relevant work meetings. The primary stakeholder groups include:
■ Employees
■ Clients
■ The Public
■ Owners and Investors
■ Partners and NGOs

Involving select stakeholder groups in the context of the double materiality assessment was achieved through focus interviews, stakeholder workshops, and internal expert panels. These qualitative evaluations of impacts, risks, and opportunities were gathered, consolidated, and incorporated into strategic action planning. Stakeholder concerns are also integrated into due diligence processes. While a major revision of the sustainability strategy was not required in the reporting year, specific measures were identified based on employee surveys.

The LLB Group maintains close contact with its majority owner, the Principality of Liechtenstein, and actively fosters dialogue with clients, especially regarding the increasing significance of sustainability.

Additionally, LLB actively participates in industry initiatives and networks to collaborate on sustainable solutions, including:
■ Local platforms such as the Liechtenstein Bankers Association
■ The Liechtenstein Chamber of Commerce and Industry
■ The Swiss Climate Foundation
■ The Austrian Bankers’ Association

Internationally, the LLB Group is a member of:
■ The United Nations Principles for Responsible Banking (UN PRBs)
■ The Net-Zero Banking Alliance (NZBA)
■ The UN Principles for Responsible Investments (PRI)
■ The United Nations Global Compact
■ The Partnership for Carbon Accounting Financials (PCAF)
■ The Climate

How did the LLB Group identify and work on strategic business opportunities to increase positive and reduce negative impacts?

In its 2025 PRB Progress Statement the LLB Group reports that it identified and worked on strategic business opportunities to increase positive and reduce negative impacts as follows:

The LLB Group promotes sustainable transformation through the development of targeted products and advisory services, ensuring compliance with regulatory requirements and recognized sustainability standards. In the realm of sustainable financial products, the Group adheres to international frameworks such as the EU Taxonomy, SFDR, PCAF, and the UN Principles for Responsible Investment (UN PRIs).

During the reporting year, the LLB Group capitalized on strategic opportunities to enhance sustainable financing options, including green mortgages and ESG-compliant investment solutions. Clients are systematically engaged to understand their sustainability preferences and are offered tailored financing and investment options. These offerings are transparently disclosed in accordance with SFDR and the EU Taxonomy.

A more detailed overview of these opportunities can be found in LLB Group’s Sustainability Statement 2024. The key business opportunities for the LLB Group include:
■ Supporting clients in transitioning toward a carbon-neutral future
■ Assisting in ending activities that are most damaging to the climate
■ Strengthened regional and international cooperation
■ Improving efficiency in banking operations

In recent years, the LLB Group has significantly expanded its portfolio of environmentally and socially responsible products, such as:
■ LLB funds incorporating ESG criteria and exclusion policies (e.g., controversial weapons)
■ Impact funds aligned with Art. 9 SFDR that invest in companies with credible decarbonization strategies or in green bonds
■ Environmental mortgages offering interest benefits for energy-efficient construction and renovation, now also available for corporate clients since 2024
■ CO2/renovation calculators to support sustainable construction projects

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.

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References:

This case study is based on published information by the LLB Group, 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://llb.li/en/llb/sustainability/developement/our-dna

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