LGT Bank (Switzerland) Ltd.
LGT Bank (Switzerland) Ltd., a prominent player in the private banking and asset management sector, is headquartered in Zurich, Switzerland (CH). Founded in 1920, LGT has established itself as a leader in providing tailored financial solutions to high-net-worth individuals and institutional clients across Europe and Asia. The bank's core offerings include wealth management, investment advisory, and sustainable investment solutions, distinguished by a commitment to personalised service and innovative strategies. LGT's focus on responsible investing and its strong emphasis on sustainability set it apart in a competitive market. With a rich history and a reputation for excellence, LGT Bank has achieved notable milestones, including recognition for its robust investment performance and client satisfaction, solidifying its position as a trusted partner in the financial industry.
DitchCarbon Score
How does LGT Bank (Switzerland) Ltd.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
LGT Bank (Switzerland) Ltd.'s score of 26 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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LGT Bank (Switzerland) Ltd.'s reported carbon emissions
LGT Bank (Switzerland) Ltd. has reported its carbon emissions data for the years 2017 to 2020, with a notable focus on Scope 1, 2, and 3 emissions. In 2020, the bank's emissions were approximately 4,000,000 kg CO2e, comprising 428,000 kg CO2e from Scope 1, 1,995,000 kg CO2e from Scope 2, and 1,564,000 kg CO2e from Scope 3. This represents a significant reduction in total emissions compared to previous years, particularly from Scope 3, which saw a decrease from about 6,344,000 kg CO2e in 2017. In 2019, the emissions were approximately 6,926,000 kg CO2e (Scope 3), 1,910,000 kg CO2e (Scope 2), and 510,000 kg CO2e (Scope 1). The trend indicates a commitment to reducing carbon footprints, especially in Scope 3 emissions, which are often the most challenging to manage. Despite these reductions, LGT Bank has not publicly committed to specific science-based targets or climate pledges, indicating a potential area for future development in their sustainability strategy. Overall, LGT Bank's emissions data reflects a proactive approach to climate commitments, with a clear trajectory towards lower emissions in recent years.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 562,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,311,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,344,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
LGT Bank (Switzerland) Ltd. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
