lgt group foundation Sustainability Profile
LGT Group Foundation, headquartered in Liechtenstein (LI), is a prominent player in the global private banking and asset management industry. Founded in 1920, LGT has established itself as a leader in sustainable investment, catering to high-net-worth individuals, families, and institutional clients across Europe, Asia, and the Americas. The foundation is renowned for its commitment to responsible investing, offering a unique blend of private banking services and tailored investment solutions that prioritise sustainability. With a strong emphasis on long-term value creation, LGT has achieved notable milestones, including its recognition as one of the largest family-owned private banking and asset management groups worldwide. Through its innovative approach and dedication to client-centric services, LGT Group Foundation continues to solidify its market position, making significant strides in the realm of impact investing and wealth management.
DitchCarbon Score
How does lgt group foundation'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 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 group foundation's score of 35 is higher than 55% 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 group foundation's reported carbon emissions
In 2023, LGT Group Foundation reported total carbon emissions of approximately 17,000,000 kg CO2e, comprising 534,000 kg CO2e from Scope 1, 2,237,000 kg CO2e from Scope 2, and 14,957,000 kg CO2e from Scope 3 emissions. This represents a notable increase in emissions compared to 2022, where total emissions were about 10,442,000 kg CO2e, with Scope 1 at 414,000 kg CO2e, Scope 2 at 2,182,000 kg CO2e, and Scope 3 at 10,442,000 kg CO2e. Over the past few years, LGT has shown a trend of increasing emissions, with 2021 figures at approximately 2,314,000 kg CO2e in Scope 3, 1,855,000 kg CO2e in Scope 2, and 383,000 kg CO2e in Scope 1. In 2020, the foundation reported 1,520,000 kg CO2e in Scope 3, 1,756,000 kg CO2e in Scope 2, and 501,000 kg CO2e in Scope 1. Despite the lack of specific reduction targets or initiatives disclosed, LGT Group Foundation is committed to addressing climate change through various sustainability efforts. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by LGT Group Foundation. Overall, LGT Group Foundation's emissions profile highlights the importance of ongoing climate commitments and the need for effective strategies to manage and reduce carbon emissions in the future.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,217,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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lgt group foundation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
lgt group foundation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
