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 30 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
LGT Bank (Switzerland) Ltd.'s reported carbon emissions
LGT Bank (Switzerland) Ltd. has reported its carbon emissions data for the years 2017 to 2022, with the most recent figures indicating a total of approximately 2,000,000 kg CO2e in Scope 3 emissions for 2022. The bank's emissions breakdown for that year includes about 80,000 kg CO2e from Scope 1 and about 540,000 kg CO2e from Scope 2. Over the years, LGT Bank has shown a significant reduction in its emissions. For instance, in 2017, the total emissions were approximately 6,344,000 kg CO2e, which highlights a downward trend in their carbon footprint. The bank's Scope 1 emissions decreased from about 562,000 kg CO2e in 2017 to 80,000 kg CO2e in 2022, while Scope 2 emissions also saw a reduction from approximately 2,311,000 kg CO2e to 540,000 kg CO2e in the same period. Despite these reductions, LGT Bank has not publicly committed to specific science-based targets or climate pledges. The absence of documented reduction targets suggests that while the bank is actively reducing its emissions, it may not yet be aligned with industry-standard climate initiatives such as the Science Based Targets initiative (SBTi). Overall, LGT Bank's commitment to reducing its carbon emissions is evident through its decreasing figures, but further transparency regarding specific climate commitments would enhance its sustainability profile.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 562,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 2,311,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 6,344,000 | 0,000,000 | 000,000 | 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 committed to any reduction initiatives 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.
