Net zero until 2030 No new emissions

We want to make an active contribution to the UN Sustainable Development Goals (SDGs). Among other things, the focus is on combating climate change. To achieve this, net emissions must be reduced to zero. We actively support this goal in all our business areas - on the investment side, as well as in advising our clients and in operations.

Net zero emissions in operations

We consider it our duty to be mindful of the social and environmental consequences of our business activities and act accordingly. Our operational processes are designed to conserve natural resources as much as possible. We are going one step further by 2030, by pledging to reduce our emissions to net zero. To achieve this, we have to significantly reduce our CO2 emissions, energy consumption and paper consumption. What we aim to achieve, among other things (* per full-time position):

- 50%
less paper consumption*
-20%
less rubbish*
-30%
less energy*
100%
Use of renewable energies

Sustainability reports Reviewing our efforts annually

Once a year, we take stock. In the annual LGT Sustainability report and the LGT Wealth Management Impact report, we summarise what we have achieved in terms of sustainability, what goals we have set ourselves and how we address making a positive impact. It is worth taking a look.

How we achieve the net zero target by 2030

LGT is stepping up its efforts to protect the climate. For our owners, sustainable and long-term oriented action has always been an intrinsic aspect of entrepreneurial activity. We also want to take advantage of the opportunities for our clients and for our company that arise from a consistent focus on sustainability in our business and, above all, in our investments. That is why the net-zero target is a core component of our Sustainability Strategy 2030.

Operations Reduce and avoid CO2 emissions

To achieve our net-zero target in 2030, we are working hard to massively reduce CO2 emissions, energy consumption and paper consumption and to rely exclusively on renewable energies. To this end, we are raising awareness among all employees, reducing consumption, increasing efficiency and replacing old solutions with new innovations.

By 2030, we want to reduce our CO2 emissions to the extent that we only have to neutralize unavoidable emissions. From 2025 we will partially neutralize our operational CO2 emissions and from 2030 all unavoidable emissions through carbon credits. We are actively working to further establish and advance the CDR market.

Investments Minimise CO2 emissions

By 2030, we aim to reduce the CO2 emissions of our own investments to net zero and want to encourage our clients to manage their assets more sustainably.

Our LGT Sustainability Rating, for example, helps our clients to make their portfolios more sustainable. Our clients also have access to a wide range of sustainable investments and services.

Since 2020, we have excluded all companies from our investment universe that produce coal or generate electricity with coal. For CO2 reduction at our plants, we draw on our own capabilities, meaningful data as well as innovative technologies. Unavoidable CO2 emissions are to be neutralized through carbon credits. To this end, we are examining technical and biological solutions that are suitable for a private bank like LGT.

Reporting Transparent and open

We recognise that achieving net zero is no easy task and that plans must continually evolve and develop. We must constantly adapt our measures to the latest framework conditions and standards - and if we know where we can make improvements. To this end, we are always improving the quality of our data and expanding our database. In addition, we voluntarily apply standards that commit us to transparent reporting:

We are developing reporting standards for recording CO2 emissions from investments with the Partnership for Carbon Accounting Financials.
Each year we publish a report in accordance with the standards of the Task Force on Climate-Related Financial Disclosures that captures and actively manages climate risks.
We are signatories to the Principles for Responsible Banking, which ensure that our strategy and practices are in line with the UN Sustainable Development Goals and the Paris Climate Targets.
We co-founded the Net-Zero Banking Alliance, which commits us to reducing our CO2 emissions to net zero by 2050 and avoiding investments in carbon-intensive or climate-damaging sectors.

Collaboration Together we are stronger

The financial sector must take a leading role in the fight against climate change. Through the allocation of capital, we and our clients can directly influence who receives more or less capital. That is why we are involved in these organisations that want to create a climate-neutral financial sector:

We have been a member of IIGCC and Climate Action 100+ since 2022
A founding member of the Net-Zero Banking Alliance since 2021
A member of the United Nations Principles for Responsible Banking since 2020
A member of the WEF's Alliance of CEO Climate Leaders since 2018
Committed to the ten principles of the UN Global Compact since 2012

We also regularly check whether our suppliers comply with all industry regulations, laws and principles contained in the LGT Supplier Code. We have also implemented a Sustainable Procurement Framework, which we use to check suppliers for ESG criteria.

Our research

We produce regular research on key sustainable investing themes and trends as well as insights into how we incorporate sustainability into our own business. Head to our publications page to find out more.

All sustainability publications

Net zero until 2030 No new emissions

Net Zero