Social and ecological sustainability
We are committed to a sustainable management concept. Economic practices for us invariably include social and ecological aspects. At the heart of corporate environmental protection is the optimisation of resource consumption. With the foundation of the «Zukunfsstiftung der Liechtensteinischen Landesbank AG» (the Future Foundation of Liechtensteinische Landesbank AG) we have set a further example of social responsibility.
The Liechtensteinische Landesbank has been firmly rooted in Liechtenstein for one and a half centuries. The Bank has proven to be a reliable partner for the people and the economy. Establishing a balance between the economy and social responsibility has been one of our objectives since our foundation in 1861 and is also part of our statutory mandate. At the same time, ecology is becoming increasingly important. We raise our employees' awareness of the daily contributions they can make to implanting the sustainable entrepreneurship of LLB in the target markets.
Appropriate risk management is part of the self-image of the LLB Group. In 2011, the Liechtensteinische Landesbank established a new risk management organisation, and the role of the chief financial officer was upgraded.
Our corporate culture is embraced with the same consistency too. Quality and transparency, performance and responsibility determine the high quality level of corporate governance, which the Board of Directors is continually developing further. The good relations with our employees and business partners as well as our commitment to the environment and society are part of our corporate strategy.
The legal basis for the sustainable business activities of the LLB Group, which is listed on the SIX Swiss Exchange, is the investment strategy of the Government of the Principality of Liechtenstein of 22 November 2011. Thereby, the requirements of the Corporate Governance Law of 2010 were implemented. As majority shareholder, the Principality of Liechtenstein explicitly supports the Group's listing on the stock exchange and accepts the corporate autonomy of the Board of Directors. In 2011, the economic contribution – dividends and direct taxes – of the Liechtensteinische Landesbank amounted to CHF 87.0 million.