UN Global Compact 2023 Communication on Progress

COMMUNICATION ON PROGRESS QUESTIONNAIRE

Governance
Policies and Responsibilities
What is the time period covered by your Communication on Progress? (MM/YYYY) – (MM/YYYY)
01/2022 - 12/2022
G1. Does the board/highest governance body or most senior executive of the company:
Linked to: GRI Disclosures 2-12, 2-14, 2-22 (2021)
(Multiple choice -Select all that apply)
Issue an annual statement about the relevance of sustainable development to the company
Issue an annual statement that addresses impacts on both people and the environment
Issue an annual statement highlighting a zero tolerance for corruption
Sign off on organizational sustainability targets
Supervise Environmental, Social, and Governance reporting
Regularly review potential risks related to the business model
None of the above
Please provide additional explanation:
The Foundation Board, LGT’s highest governance body, is updated on all sustainability-related activities at LGT PB and LGT CP by the different sustainability committee heads at least once a year.
G2. Does the company have a publicly stated commitment regarding the following sustainability topics?
Linked to: GRI Disclosure 2-23 (2021)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, and the commitment is focused on our own operations
Yes, and the commitment includes our own operations and suppliers
Yes, and the commitment includes our own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Human Rights
Labour Rights/ Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Non-Financial Report 2022 (Chapter "Strategy, policies and strategies) Human Rights Statement Code of Conduct Supplier Code of Conduct

LGT-Lieferantenkodex_en.pdf
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NFR-report-fy-2022_en.pdf
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0000_-Code-of-Conduct_extern_en.pdf
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lgt-group-holding-human-rights-statement-en-data.pdf
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G3. Does the company have in place a code of conduct regarding each of the following sustainability topics?
Linked to: NASDAQ G6.1; GRI Disclosure 2-23 (2021)
(Matrix – Select one answer option per line)

No, this is not a current priority
No, but we plan to within the next two years
Yes, focused on employee conduct
Yes, focused on employees and suppliers
Yes, focused on our own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Human Rights
Labour Rights/ Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Our Group Code of Conduct reflects the ethical and professional standards according to which we hold ourselves accountable. We conduct our business in a manner that respects the rights of all people. This includes considering human rights risk in our risk management. Human rights guidelines are also embedded in the internal guidance of our legal entities and implemented according to local laws. Our Supplier Code of Conduct is intended to ensure that LGT suppliers act in accordance with internal (LGT Code of Conduct) and external guidelines such as internationally recognized standards regarding human rights, working conditions, the environment and integrity.
G4. Has the company appointed an individual or group responsible for each of the following sustainability topics?
Linked to: GRI Disclosure 2-13 (2021)
(Matrix – Select one answer option per line)
No one is specifically responsible for this topic
Yes, with limited influence on outcomes (e.g., limited access to internal information, limited decision-making authority)
Yes, with moderate influence on outcomes (e.g., has access to relevant information, reports to senior manager)
Yes, with direct influence of some outcomes (e.g., has access to relevant information, includes one or more senior manager with decision making rights)
Yes, with direct influence at the highest levels of the organization (e.g., has access to relevant information, includes most senior members of organization)
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
LGT’s sustainability ambition is set by LGT’s owner, the Princely Family of Liechtenstein. The implementation/execution thereof is delegated by the Foundation Board to the Sustainability Board of LGT. The Foundation Board receives regular updates from management, which is represented in the Sustainability Board (see GRI 2-12).
G5. Does the company have a formal structure(s) (such as a cross-functional committee) to address each of the following sustainability topics?
Linked to: GRI Disclosures 2-9, 2-13 (2021)
(Matrix – Select one answer option per line)
No formal structure
Yes, and with limited influence on outcomes (e.g., limited access to internal information necessary to understand risks, poor representation from relevant departments or functions)
Yes, with moderate influence on outcomes (e.g., it includes representatives of some functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, reports to senior manager)
Yes, with direct influence on some outcomes (e.g., it includes representatives of functions, departments, or business units most relevant for addressing the risks concerned, has access to relevant information, it involves one or more members of senior management)
Yes, and with direct influence at the highest level of the organization (e.g., full access to relevant information, it involves members at highest level of organization)
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
Sustainability is addressed and discussed in the Executive Management Committee specifically twice a year. LGT’s Executive Management Committee consists of the Group CEO, the CEO of LGT PB, the CEO of LGT CP, the CFO of LGT PB and the Head Compliance & Risk of LGT CP. Together with the Group Sustainability Manager of LGT PB and the ESG Officer of LGT CP they form the Sustainability Board of LGT. It is chaired by Olivier de Perregaux, CEO of LGT PB, and includes representation of LGT PB’s Executive Board and the heads of the sustainability committees. LGT PB’s committees are focused on sustainability issues relating to clients and investments, operations, risk and governance, human resources, data and reporting and carbon neutralization, thereby covering all four sustainability topics (human rights, labor rights, environment and anti-corruption).
Prevention
G6. Does the company have a process or processes to assess risk?
Linked to: GRI Disclosure 205-1 (2016)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, related to our own operations
Yes, related to our own operations and suppliers [Prompts G6.1]
Yes, related to our own operations and the value chain (including suppliers, consumers, communities, other business relationships) [Prompts G6.1]
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
LGT has a Supplier Code of Conduct, which is an integral part of its contracts with suppliers and must be accepted by all suppliers. This supports mitigating risks related to sustainability topics, such as Human Rights risks, Labor Rights risks, Environmental risks, and Corruption risks. Our systematic approach to risk management helps us identify climate risks and assess potential consequences for investments or our operations, and supports us in setting priorities and defining measures to mitigate these risks. All operating companies of LGT are regularly assessed for risks related to corruption. Identified risks include, for example, the effectiveness of employee trainings or the clarity of policies and procedures. To ensure our policies are understood groupwide, we continuously enhance our employee training on the implementation of anti-corruption measures. We holistically consider sustainability risks and integrate them into our risk management. The specific inclusion of ESG topics in LGT PB’s risk management enables us to consider environmental and social developments, while at the same time underpinning our reputation as a responsible bank.
G6.1 During the assessment of risk, has your company reviewed those suppliers and/or other business relationships where the risk related to human rights, labour, environment and/or anti-corruption may be particularly severe?
(Matrix – Select one answer option per line)
No
Yes
Human rights risks
Labour rights risks
Corruption risks
Please provide additional explanation:
LGT has introduced a Supplier Code of Conduct, which is an integral part of its contracts with suppliers and must be accepted by all suppliers. The LGT Supplier Code of Conduct requires that suppliers adhere to important standards and conventions, including the UN Universal Declaration of Human Rights, the UN Convention of the Rights of the Child, the International Labour Organizations (ILO) fundamental conventions and international labor standards. The acceptance of LGT Supplier Code of Conduct helps LGT to support mitigating sustainability risks (incl. Human rights risks, Labour rights risks, Environmental risks, and corruption risks).
G7. Does the company have a due diligence process through which it identifies, prevents, mitigates, and accounts for actual and potential negative impacts on sustainability topics?
Linked to: GRI Disclosures 2-12, 2-23-a-ii, 3-1, 3-3-d (2021)
(Matrix – Select one answer option per line)
No, this is not a current priority
No, but we plan to within the next two years
Yes, related to our own operations
Yes, related to our own operations and suppliers [Prompts G7.1]
Yes, related to our own operations and the value chain (including suppliers, consumers, communities, other business relationships) [Prompts G7.1]
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
Our processes ensure that information on negative impacts is escalated to the Foundation Board. The Foundation Board decides in which cases remediation of negative impacts is required and gives implementation orders to LGT PB's Executive Board and to LGT CP's Executive Commitee. Policies and responsibilities for receiving and reporting critical concerns include an online document on grievance management (Beschwerdemanagement), encouraging persons with complaints to submit reports and a whistleblowing function in the Internal Audit department. Complaints that are submitted require follow-up and are reported through Internal Audit to the Audit Committee. This includes quarterly reporting disclosing the number of reported and of closed cases. If reported concerns are deemed justified, results of investigations are documented in a separate case-related report.
G7.1 During the due diligence process, has your company reviewed those suppliers and/or other business relationships where the risk of adverse impacts on human rights, labour, environment and/or anti-corruption may be particularly severe?
Linked to: GRI Disclosures 2-23-e, 3-1 (2021)
(Matrix – Select one answer option per line)
No
Yes
Human rights risks
Labour rights risks
Environmental risks
Corruption risks
Please provide additional explanation:
Concerns and Grievance Mechanisms
G8. Are there any processes through which members of the company’s workforce can raise concerns about the company’s conduct related to human rights, labour rights, environment, or anti-corruption?
Linked to: Reporting Guidance on the 10th Principle Against Anti-corruption – B3; GRI Disclosure 2-26 (2021)
(Radial – Select One)
No, this is not a current priority
No, but we plan to within two years
Yes, we have an informal process (e.g., through supervisors, others) [Prompts G8.1]
Yes, we have a formal process [Prompts G8.1]
Please provide additional explanation:
We offer an external and independent point of contact for whistleblowing (e-mail or telephone number of an independent party) that employees can use at any time. Employees can access information on our global website about regulations and procedures concerning whistleblowing, the rights of reporting persons and the obligations of LGT. Our employees can report any form of non-compliance via internal whistleblowing channels. LGT has set up a task force, headed by Internal Audit, to deal with all cases of violations.
G8.1. Please provide additional detail regarding the process(es) the company has through which members of the company’s workforce can raise concerns about the company’s conduct.
Linked to: GRI Disclosure 2-26 (2021)
(Matrix – Select one answer option per line)
No
Yes
Is the process communicated to all employees/workers in local languages
Is the process available to non-employees (e.g., suppliers, consumers, communities, and other business relationships)
Is the process confidential (e.g., whistleblowing process)
Are there processes in place to avoid retaliation
Can concerns be raised about suppliers or other business relationships (e.g., clients, partners, etc.)
Other
Please provide additional explanation:
All employees are getting informed on how to act/behave in case they want to address any concerns about any observation of inappropriate behavior in the sense of the LGT Code of Conduct/Supplier Code of Conduct. The process of interacting with the independent and external whistleblowing contact is completely anonymous and confidential, which avoids any kind of retaliation and all necessary information on the whistleblowing contact is publicly available.
Lessons
G9. How does the company capture lessons regarding each of the following sustainability topics?
Linked to: GRI Disclosure 3-3-e (2021)
(Matrix – Select one answer option per line)
No lessons are regularly captured
Conducts root cause analyses/investigation of incidents
Conducts root cause analyses/investigation and changes organizational policies, processes, and practices accordingly
Systematically conducts root cause analyses/investigation and leverages learnings to influence both internal and external affairs
Human Rights
Labor Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
LGT's policies, processes and practices clearly state the endorsed behaviour of all participants within LGT, which prevents cases in advance. There are no cases reported and therefore LGT follows a case-by-case approach to evaluate cases. Complaints that are submitted require follow-up and are reported through Internal Audit to the Audit Committee. This includes quarterly reporting disclosing the number of reported and of closed cases. If reported concerns are deemed justified, results of investigations are documented in a separate case-related report.
Executive Pay
G10. Is executive pay linked to performance on one or more of the following sustainability topics?
Linked to: CDP W6.4 (2022), CDP F4.3a (2022), CDP C1.3a (2022); Nasdaq G3 2335; GRI Disclosure 2-19 (2021)
(Matrix – Select one answer option per line)
No, and we have no intention to change for this is not a current priority
No, but we plan to within two years
Yes
Human Rights
Labour Rights/Decent Work
Environment
Anti-Corruption
Please provide additional explanation:
LGT's remuneration policy reflects the importance of the Code of Conduct, including the sustainability risks it seeks to mitigate, by stipulation that failures or breaches of the LGT Code of Conduct or internal directives and instructions can - among other things - result in a reduction of variable compensation.
Board Composition
G11. Percentage of individuals within the company’s board/highest governance body by:
Linked to: ISAR D.1.2 (2019), ISAR D.1.3 (2019); GRI Disclosures 2-9 (2021), 405-1 (2016)
(Matrix – Percentage & Radial)
Number (Please input answer as a whole number (e.g., 95% = 95))
Not applicable
Total number of board members (#)
Male (%) Note: Please input answer as whole number (e.g., 95% = 95)
Female (%) Note: Please input answer as whole number (e.g., 95% = 95)
Non-binary (%) Note: Please input answer as whole number (e.g., 95% = 95)
Under 30 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
30-50 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
Above 50 years old (%) Note: Please input answer as whole number (e.g., 95% = 95)
From minority or vulnerable groups (%) Note: Please input answer as whole number (e.g., 95% = 95)
Executive (%) Note: Please input answer as whole number (e.g., 95% = 95)
Independent (%) Note: Please input answer as whole number (e.g., 95% = 95)
Please provide additional explanation:
NFR 405-1, Link: https://www.lgt.com/global-en/about-lgt/our-company#id_19518_19522
G12. Do you produce sustainability reporting according to:
Linked to: Nasdaq G9.1
(Select all that apply)
National/local regulation on sustainability
Security exchange regulations
Non-Financial Reporting Directive of the European Union (NFRD)
Global Reporting Initiative (GRI)
Sustainability Accounting Standards Board (SASB, now consolidated into the IFRS Foundation)
International Integrated Reporting Council (IIRC, now consolidated into the IFRS Foundation)
Climate Disclosure Standards Board (CDSB, now consolidated into the IFRS Foundation)
Task Force on Climate-related Financial Disclosures (TCFD)
Other voluntary frameworks (Please specify in text box) [Makes text box mandatory]
No sustainability reporting according to any frameworks nor regulations outside of this Communication on Progress
Please provide additional explanation:
We publish a Sustainability Report, Non-financial Report, Stewardship Report, PRB Report, NZBA Report, CDP Report (submission june 2023), SFDR Principle of Adverse Impact Reports as well.
Data Assurance
G13. Is the information disclosed in this questionnaire assured by a third-party?
Linked to: CDP C10.1 (2022); GRI Disclosure 2-5 (2021)
(Select all that apply)
Limited assurance for minority of metrics (e.g., GHG emissions only)
Limited assurance for majority of metrics
Reasonable assurance for minority of metrics
Reasonable assurance for majority of metrics
Other (Please provide additional information) [Makes text box mandatory]
No assurance for any metrics
Please provide additional explanation:
Human Rights
Materiality (including Saliency)
HR1. Which of the following has the company identified as material human rights topics connected with its operations and/or value chain, whether based on their salience (e.g., the most severe potential negative impacts on people) or another basis?
Linked to: GRI Disclosure 3-2 (2021)
(Select all that apply)
Freedom of association and the effective recognition of the right to collective bargaining
Child labour
Forced labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours) [Prompts additional line ‘Working conditions (wages, working hours)’ in Questions L1, L2, L3, L4, L5, L11]
Freedom of expression [Prompts additional line ‘Freedom of expression’ in Questions HR2–HR7]
Access to water and sanitation [Prompts additional line ‘Access to water and sanitation’ in Questions HR2–HR7]
Digital security/privacy [Prompts additional line ‘Digital security/privacy’ in Questions HR2–HR7]
Gender equality and women’s rights [Prompts additional line ‘Gender equality and women's rights’ in Questions HR2–HR7]
Rights of indigenous peoples [Prompts additional line ‘Rights of indigenous peoples’ in Questions HR2–HR7]
Rights of refugees and migrants [Prompts additional line ‘Rights of refugees and migrants’ in Questions HR2–HR7]
Other [Textbox Mandatory]
No human rights topics have been identified as material
Please provide additional explanation:
the topics "Right of indigenous people" and "Rights of refugees and migrants" are not particularly relevant for our core business, or affect our core locations/markets.
Commitment
HR2. Does the company have a policy commitment in relation to the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosures 2-23-a-iv, 2-23-b, 3-3-c (2021)
(Matrix – Select one answer option per line)
No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
Links: https://www.lgt.com/resource/blob/24274/bb086bbe61d4e5cf7bb4943b88a0a5b1/LGT-Lieferantenkodex_en.pdf https://intranet.mylgt.com/sites/marketing/Lists/Published/Code_of_Conduct_de.pdf The Supplier Code of Conduct states the Right of Freedom of association which includes the freedom of expression of our employees Access to water and sanitation is not a very relevant topic for LGT Group, because it is not directly affected by our business activitities and our main locations are not affected by these issues LGT Group has a Data Privacy Notice for natural persons (clients, applicants, certificate holder, partner, service providers, suppliers, other groups of people in place, which provides an overwie of the processing of personal data in private banking as as part of recruitment process in accordance with the provisions of the EU General Data Protection Regulation. The Code of Conduct as well as the Supplier Code of Conduct bans all forms of discrimination and especially highlights equal rights and opportunities and equal treatment of all people, independent of gender. Rights of indigenous people is not a priority topic for LGT Group as our operating location are not affected by indigenous people or land. The topic ""Rights of refugees and migrants"" is not applicable.

0000_-Code-of-Conduct_extern_en.pdf
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LGT-Lieferantenkodex_en.pdf
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Please input the year the relevant human rights policy was last reviewed
Year (YYYY)
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
HR2.1. For each human rights policy commitment, is it:
Linked to: GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international human rights standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and suppliers
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed involving human rights expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
hier ist eine neue Kategorie (own operations + suppliers) Our supplier Code of Conduct states the freedom of association/expression and counts for every single member of the LGT value chain Our Human Rights Statement also states freedom of association and in addition refers to the safeguarding of the data security. The Human Rights Statement, Code of Conduct and Supplier Code of Conduct all refer to no discrimination of all kinds, especially gender-specific discrimination. The Human Rights Statement, Code of Conduct and Supplier Code of Conduct are available on the website and reflect the values of LGT Group regarding these Human Rights topics.
Prevention
HR3. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosures 3-1-b, 3-3-f (2021)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/mitigation of the risks/impacts in question
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
LGT engages regularly with employees on digital security/privacy and offers data protection related training session, which all employees have to complete and pass a final test. This raises awareness of data protection issues and helps LGT to protect itself from any sort of cyber crime or legal issues with data-related missbehaving. in terms of Gender equality LGT assesses the share of women on three levels of management and reports annually in the Sustainability Report. We have set a 30-40-50 target: by 2030, we want the share of women in senior management positions at LGT Private Banking to be at least 30 percent. This figure should be 40 percent across all management levels. In the overall workforce, we aim to employ 50 percent women. LGT PB is participant in collaborative engagements as part of the Advance Initiative, which is the new PRI-led stewardship initiative for human rights and social issues.
HR4. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this human rights topic?
Matrix will be populated only for the human rights issues selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information in the mandatory text box)
No action within reporting period
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
At LGT, we are committed to defending our business against all forms of cybercrime. In 2022, we continued to develop, update and review our cybersecurity strategy and implemented a corresponding roadmap. For example, we focus on protecting against digital risks and monitor our digital assets outside of LGT. After two initial workshops held by the global LGT PB Diversity & Inclusion (D&I) team in 2022 on the global D&I vision, ambitions, strategy and measures, the local D&I teams started or continued working on their local D&I strategies and measures. Various location- or region-specific measures are planned or have already been implemented (e.g. surveys, local partnerships, and reverse mentoring programs). In Switzerland, LGT PB conducted a salary benchmark study and received the “fair pay certificate”, signifying that there was a less than five percent salary difference between men and women.
HR5. Who receives training for the following human rights topics? Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021)
(Matrix – Select all that apply for each line)
No training provided
Select employees
All employees
Contractors
Direct suppliers of the organization
Indirect suppliers of the organization
Other – such as partners, clients, etc.
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
Letzter Satz in der Beschreibung --> vlt. freedom of expression all employees? To ensure that we embrace technology while mitigating potential risks, we offer a range of employee training in this area (e.g. on IT, information security and General Data Protection Regulation mtraining). LGT CP have a Diversity, Equity & Inclusion (DEI) sub-committee as part of the overall ESG structure. We have a DEI policy that is covering the topics of recruiting, retention, promotion and training. DEI is also an important element of our investment process, we regularly monitor diversity statistics and the evolution of the DEI initiatives within the managers we have backed as well as the companies we have invested in. Moreover, we have included the topic of human rights in our employee training on sustainability regulation and in our sustainability offering. We updated our LGT Code of Conduct in 2020 and subsequently provided training to all employees on the new LGT Code of Conduct. All employees are required to pass various tests annually to ensure they understand the Code and know how to apply and comply with it in practice. We regularly inform our employees about our anti-corruption policy. LGT has developed standardized web-based training modules on anti-corruption policies and procedures that have been available group-wide since January 2023. In addition to these standardized web training modules, our individual locations have the possibility to conduct further local anti-corruption training and awareness campaigns. The training modules raise awareness and knowledge which are crucial to detect violations and report them, which is part of the freedom of expression at LGT. Employees have the possibility of contacting the Whistleblowing Office confidentially or anonymously.
HR6. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following human rights topics? Matrix will be populated only for the human rights issues selected in HR1.
Linked to: GRI Disclosure 3-3-e (2021)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring of progress
Review topics on ad hoc basis
Set annual targets/goals, track progress over time (internal programmes only)
Set annual targets/goals, track progress over time (internal and external programmes)
Other (Please provide additional information in the mandatory text box)
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
We provide numbers of male/female employees on a yearly basis overall, and as well more specifically on middle management, senior management and executive board. We have set a 30-40-50 target: by 2030, we want the share of women in senior management positions at LGT Private Banking to be at least 30 percent. This figure should be 40 percent across all management levels. In the overall workforce, we aim to employ 50 percent women.
Response and Reporting
HR7. During the reporting period, has the company been involved in providing or enabling remedy if it has caused or contributed to adverse impact associated with the following human rights topic(s)?
Matrix will be populated only for the human rights topics selected in HR1.
Linked to: GRI Disclosure 3-3-d-ii (2021)
(Matrix – Select one answer option per line)
No remedy provided/enabled
Yes, remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose
Freedom of expression
Digital security/privacy
Gender equality and women’s rights
Please provide additional explanation:
HR8. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the human rights principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021)
(Text Box)
In 2022, LGT published a group-wide human rights statement addressing investments, clients, employees, suppliers and society at large. With this statement, we have committed to having a favorable impact on society by pursuing opportunities to advance human rights in line with the SDGs. Also, we aim to mitigate or actively reduce risks related to human rights and avoid negative impacts. Human rights factors are part of the LGT ESG Cockpit’s evaluation of companies’ or countries’ ESG performance. LGT ESG Cockpit ratings also take into account controversies related to human rights, and companies’ operations, products and services. Examples include controversies involving freedom of association and collective bargaining, forced labor, child labor, occupational health and safety issues and discrimination. As part of our stewardship efforts, LGT PB joined Advance, a UN PRI collaborative stewardship initiative focusing on human rights and social issues.
Labour
Commitment
L1. Does the company have a policy commitment in relation to the following labour rights principles? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-c (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)

No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy [Prompts L1.1]
Not applicable (Please provide additional information in the mandatory text box)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
https://www.lgt.com/resource/blob/24274/bb086bbe61d4e5cf7bb4943b88a0a5b1/LGT-Lieferantenkodex_en.pdf https://www.lgt.com/resource/blob/153454/a7d34229c9814131b2d8714c8fb82c8a/0000_-Code-of-Conduct_extern_en.pdf

LGT-Lieferantenkodex_en.pdf
Download
0000_-Code-of-Conduct_extern_en.pdf
Download
Please input the year the relevant labour rights policy was last reviewed
Year (YYYY)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
L1.1. For each labour rights policy, is it:
Linked to: ILO C155 - Occupational Safety and Health Convention 1981 (No. 155); GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international labour standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed in consultation with workers and their representatives
Developed involving labour rights expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
The LGT supplier code of conduct is based on UN declaration of Human Rights, the UN Convention of the Right of the Child and the fundamental ILO conventions and international labor standards. Both, the LGT code of conduct and the LGT supplier code of conduct are publicly available on the LGT website. Both are supported and approved by the LGT Foundation Boards. Since the LGT suppliers code of conduct was introduced, our policies apply to our own operations (LGT code of conduct) and our value chain.
L1.2. Does the existing company’s policy on freedom of association and collective bargaining:
Linked to: ILO C155 - Occupational Safety and Health Convention 1981 (No. 155); GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Multiple choice – Select all that apply)
Reference the respect for the right of all workers to form and join a trade union of their choice without fear of intimidation or reprisal and protect workers against acts of antiunion discrimination
Prohibit any acts of interference in trade unions
Facilitate the collective bargaining with the trade union representatives
Provide trade union representatives with information required for meaningful bargaining in the context of bona fide negotiations
Reference the respect for the right of workers to submit grievances without suffering
We do have a policy on freedom of association and collective bargaining, but it does not include any of these details
We do not have a policy on freedom of association and collective bargaining
Please provide additional explanation:
LGT does not have a stand-alone policy on freedom of association and collective bargaining in place. In the countries we operate, we refer to the employment law, except for Austria where all LGT PB employees are under a collective agreement. The LGT Supplier code of conduct contains elements freedom of association and collective bargaining, which states the workers freedom of building/join unions and councils. Further it states that employees must be able to engage in dialog with management without any threat reprisals or harassment in the workplace. We are a value-driven company with a long-term focus that has integrated ethics, integrity, respect and reliability into our corporate culture. These values form the basis of our LGT Code of Conduct. The LGT Code of Conduct is binding for all of our employees and members of the supervisory and controlling bodies of LGT and its affiliated companies. It defines our shared values as well as our ethical and professional standards. The principles are also reflected in internal directives and regulations. Addiotionally, it determines that all employees, who observe violations of the LGT Code of Conduct are called upon to alert supervisors, compliance/legal or internal audit. They also have the possibility to contact Whistleblowing office confidentially and anonymously.
Prevention
L2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosures 3-1-b and 3-3-f (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/ impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/ mitigation of the risks/ impacts in question
Other (Please provide additional information) [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced Labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
In Switzerland and Liechtenstein, employees have access to the services of Movis, a company that supports employees on topics such as mobbing, discrimination, health, finances and other personal issues. LGT trains certain employees in crisis management and regularly simulates fire alarms to train staff and ensure their safety in an emergency. For LGT PB, health measures are mainly handled by the LGT Vitality team. The aim of LGT Vitality is to sensitize employees to health-related topics by means of various measures, to strengthen their sense of personal responsibility for these matters and to promote performance. We strive to offer our employees a variety of opportunities that help ensure their occupational health. In Switzerland and Liechtenstein, employees have access to the services of Movis, a company that supports employees on topics such as mobbing, discrimination, health, finances and other personal issues. During the reporting period, LGT PB implemented various programs that support the mental and physical health and safety of our employees. For example, November was the Month of Mindfulness, during which our employees around the world collected so-called “balance points” for every mindful activity they did (e.g. walking, reading, meditation and yoga). By sharing pictures and collecting balance points for their activities in the AtlasGo app, employees were eligible to win a prize. Employees also had the opportunity to join a “Soul Session” and participate in an online yoga session. In addition, employees could participate in a mindful mobility or mindful meditation session once a week for 15 minutes via MS Teams. In Switzerland and Liechtenstein, we offer discounts for healthy restaurants or sport club memberships. At LGT WM, we offer activities for physical and mental health and provide support in this area (e.g. massages, workshops with external speakers, mindfulness UK app). Once a week, employees based in Australia have the possibility to join a basketball or netball team. Employees in Hong Kong can do a medical check-up once a year and can participate in different workshop/lunch sessions on health-related topics. In Thailand, we offer an annual health check-up and employees can attend yoga classes. We also offer online training sessions on health-related topics, mental health and mobility for everyone.
L3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with this labour rights topic? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information) [Makes text box mandatory]
No action within reporting period
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
In Switzerland and Liechtenstein, employees have access to the services of Movis, a company that supports employees on topics such as mobbing, discrimination, health, finances and other personal issues. LGT trains certain employees in crisis management and regularly simulates fire alarms to train staff and ensure their safety in an emergency. LGT offers an assistance service via International SOS to our employees during their business trips. Via the International SOS web application and assistance app, our employees can access information about possible dangers and specific entry requirements at their destination. The International SOS hotline is available 24 hours a day for specific information about safety, medical status, travel restrictions and more. International SOS will also provide active support during any medical or security emergency. At some of our locations, we have established employee councils that hold regular meetings with management. The meetings provide a platform for all participants to openly talk about potential challenges. In some regions, increasing the flexibility of staff working hours is currently an important topic of discussion.
L4. Who receives training for the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select all that apply for each line)
No training provided
Select employees
All employees
Contractors
Direct suppliers of the organization
Indirect suppliers of the organization
Other – such as partners, clients, etc.
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
LGT trains certain employees in crisis management and regularly simulates fire alarms to train staff and ensure their safety in an emergency. At some of our locations, we have established employee councils that hold regular meetings with management. The meetings provide a platform for all participants to openly talk about potential challenges. In some regions, increasing the flexibility of staff working hours is currently an important topic of discussion.
L5. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring on progress
Review topics on ad hoc basis
Set annual targets/goals, track progress over time (internal programmes only)
Set annual targets/goals, track progress over time (internal and external programmes)
Other (Please provide additional information) [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
LGT offers an external and independent point of contact for whistleblowing (e-mail or telephone number of an independent party) that employees can use at any time. Employees can access information on our global website about regulations and procedures concerning whistleblowing, the rights of reporting persons and the obligations of LGT. Additionally, we report about the number of cases that are reported over the whistle blowing system. In terms of sage and healthy working environment we report the days/headcounts of illness per year across LGT. In addition, we monitor training costs per employee yearly and the number of part-time employees. We report this numbers annually.
Performance
L6. Do(es) the existing collective bargaining agreement(s) provide(s) more favourable rights than those provided in legislation, where appropriate?
(Select all that apply)
Yes, by providing more favourable conditions related to wages
Yes, by providing more favourable conditions related to working hours
Yes, by providing more favourable conditions related to health coverage and/or sick leave
Yes, by providing additional rights not otherwise provided (Please provide additional information) [Makes text box mandatory]
There is (are) no existing collective bargaining agreement(s)
No
Please provide additional explanation:
LGT does not have a stand-alone policy on freedom of association and collective bargaining in place. In the countries we operate, we refer to the employment law, except for Austria where all LGT PB employees are under a collective agreement.
L7. In the course of the reporting period, what was the percentage of women in managerial positions? (%)
Linked to: ISAR C.1.1
(Matrix – Text Box with option for Unknown or N/A)
Percent women (Please input a whole number e.g., 50% = 50)
Unknown
Managerial position
Please provide additional explanation:
GRI 405-1 (NFR 2022)
L8. What was the average ratio of the basic salary and remuneration of women to men (comparing jobs of equal value) during the reporting period?
Linked to: GRI Disclosure 405-2 (2016)
(Matrix – Text Box with option for Unknown or N/A)
Salary ratio (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose
Women/Men(%)
Please provide additional explanation:
<5% As a privately held company, the annual total compensation ratio is confidential business information and thus not disclosed. In Switzerland, LGT PB conducted a salary benchmark study and received the “fair pay certificate”, signifying that there was a less than five percent salary difference between men and women. A similar study is planned for our location in Liechtenstein.
L9. In the course of the reporting period, how frequently were workers injured (injuries per hour worked)?
Linked to: ISAR C.3.2; GRI Disclosure 403-9 (2018)
(Matrix – Text Box with option for Unknown or N/A)
Frequency of injury (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose
Frequency of injury
Please provide additional explanation:
We report in the NFR on work-related ill health (days/headcount) but not on injuries, as it's not a relevant metric in our core business.
L10. In the course of the reporting period, what was the company’s incident rate (injuries per worker)?
Linked to: ISAR C.3.2; GRI Disclosure 403-9 (2018)
(Matrix – Text Box with option for Unknown or N/A)
Incident rate (Please input a whole number e.g., 50% = 50)
Unknown
Choose to not disclose [Makes text box mandatory]
Incident rate
Please provide additional explanation:
We report in the NFR on work-related ill health (days/headcount) but not on incidents, as it's not a relevant metric in our core business.
Response and Reporting
L11. In the course of the reporting period, has the company been involved in providing or enabling remedy if it has caused or contributed to the adverse impact associated with the following labour rights topics? For the user, the “Working conditions (wages, working hours)” option would be visible only if selected in HR1.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Matrix – Select one answer option per line)
No remedy provided/enabled
Yes, remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose [Makes text box mandatory]
Freedom of association and the effective recognition of the right to collective bargaining
Forced labour
Child labour
Non-discrimination in respect of employment and occupation
Safe and healthy working environment
Working conditions (wages, working hours)
Please provide additional explanation:
L12. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the labour principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 407 (2016), GRI 409 (2016), GRI 408 (2016), GRI 406 (2016), GRI 403 (2018)
(Text Box)
Additional information can be found in our Non-Financial Report 2022, chapters - Talent Recruitment and Development - Employer of Choice - Corporate Culture - Occupational health and safety - Diversity, inclusion and equal opportunities
Environment
Commitment
E1. Does the company have a policy commitment on the following environmental topics?
Linked to: CDP C4.1 (2022), CDP F6.1 (2022), CDP W6.1 (2022); GRI Disclosure 3-3-c (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020),GRI 302 (2016)
(Matrix – Select one answer option per line)
No, and we have no plans to develop a policy
No, but we plan to within the next two years
Yes, included within a broader policy or as a stand-alone policy [Prompts E1.1]
Not applicable (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
LGT has established an exclusion policy on thermal coal, which affects the topics climate change, air pollution and energy and resource use. https://www.lgt.com/resource/blob/31762/c9a8cfa454f617bf1193c3c014432cdb/Coal_exclusion_policy_en.pdf
Please input the year the relevant environment policy was last reviewed
Year (YYYY)
Climate change
Air pollution
Energy & resource use
Please provide additional explanation:
E1.1. For each environmental policy commitment, is it:
Linked to: CDP C4.1 (2022), CDP F6.1 (2022), CDP W6.1 2022; GRI Disclosures 2-23-c, 2-23-d, 2-23-e (2021)
(Matrix – Select all that apply for each line)
Aligned with international environmental standards
Publicly available
Approved at most senior level of the company
Applied to the company’s own operations
Applied to the company’s own operations and the value chain (including suppliers, consumers, communities, other business relationships)
Developed involving environmental expertise from inside and outside the company
Other (Please provide additional information in the mandatory text box)
Climate change
Air pollution
Energy & resource use
Please provide additional explanation:
The group-wide exclusion policy on thermal coal applies to all our investments to prevent disastrous damage to the environment. In addition, lending against securities included in thermal coal exclusion list is not permitted in LGT PB’s Lombard lending business. The exclusion policy on thermal coal is publicly available on our website and approved by the most senior level.
Prevention
E2. In the course of the reporting period, has the company engaged with affected stakeholders or their legitimate representatives in relation to the following environmental topics?
Linked to: GRI Disclosures 3-1-b and 3-3-f (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)

Please select the company’s highest level of engagement. Options progress from left to right.
No engagement on this topic
To better understand the risks/impacts in question
To discuss potential ways to prevent or mitigate the risks/ impacts in question
To agree on a way to prevent/mitigate the risks/impacts in question
To assess progress in preventing/ mitigating the risks/ impacts in question
To collaborate in the prevention/ mitigation of the risks/ impacts in question
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
LGT became member of IIGCC, signed the Priniciples for Responsible Investment (PRI) and is engaged in the Climate Action 100+ initiative to collaborate in the mitigation and prevention of climate change. In 2022 LGT also published a Whitepaper on Biodiversity to our customers and employees, which among other also affects forests, water and ocean. The whitepaper helps to better understand the connection between our business and biodiversity. In addition, we became member of the Finance for Biodiversity Pledge in 2022, which enables collaboration in the prevention of biodiversity and nature loss. At LGT PB (Asia) we held a Learning Lunch on ocean literacy and sustainability, and therefore continued to raise awareness on plastic pollution in connection with a beach clean-up for all employees and their families.
E3. What type of action has the company taken in the reporting period with the aim of preventing/mitigating the risks/impacts associated with these environmental topics?
Linked to: GRI Disclosure 3-3-d (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-iv (2016)
(Matrix – Select all that apply for each line)
Provided internal training/ capacity building for the direct workforce
Built capacity among relevant business relationships (e.g., suppliers, consumers, communities)
Conducted an audit process and/or corrective action plan
Collective Action with peers or other stakeholders, in particular workers’ organizations, to address the issue
Collaborated with governmental or regulatory bodies
Other (Please provide additional information) [Makes text box mandatory]
No action within reporting period
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
In 2022 LGT became member of IIGCC, signed the Principles for Responsible Investment (PRI) and is engaged in the Climate Action 100+ initiative to increase collective action to address climate change. As part of our sustainability strategy 2030 we committed to a 90% reduction of Scope 1&2 emissions by 2030 and a 50% reduction of flight emissions per FTE. On Biodiversity, LGT PB signed the Finance for Biodiversity Pledge and sessions on biodiversity were held at our Drive4Impact Academy. To further educate internal staff, we dedicated a session in our learning lunch series to biodiversity. To raise our clients’ awareness on the topic, LGT WM held its first biodiversity client event in October, with over 60 participants, centered around the importance of soil health and quality. In 2022, LGT PB published a whitepaper on biodiversity with the support of an external consultant. It defines what biodiversity encompasses, and outlines how it is measured, which drivers are causing it to be lost and why it matters, as well as mentioning the relevant global initiatives to reverse biodiversity loss. It also outlines the activities LGT PB is undertaking in this area with regard to own operations, investments and philanthropic activities. The paper is designed to help people understand the challenges posed by biodiversity loss and enables LGT to address the issue more strategically in the coming years. At LGT PB (Asia) we held a Learning Lunch on ocean literacy and sustainability, which was attended by 35 employees. During the event, the innovative non-profit organization Ocean 3C (O3C)12 discussed the importance of the ocean and marine life and presented solutions for tackling plastic waste. As part of the Learning Lunch session, we supported a beach clean-up, where LGT PB (Asia) staff and their family members gathered garbage on the beach. They kept a record of the number of plastic bottles, bottle caps and fishing nets they collected for reporting to the Hong Kong government, as O3C strives to sensitize Hong Kong citizens to marine pollution and local waste issues. In connection with the Environmental Protection Department's (EPD HK) Cleanshorelines, O3C regularly organizes beach clean-ups and recycling events not just to collect waste, but also to educate people on the necessity of changing habits on land and reducing consumption of single-use plastics. Approximately 100kg of plastics and 43kg of fishing nets were collected on the beach. As part of our Sustainability Strategy 2030 LGT PB committed to having 100% renewable electricity and 100% renewable heating or district heating by 2030. LGT PB (EMEA) in 2022 implemented short-term energy saving measures in our location in Switzerland and Liechtenstein: reduction of room temperature, deactivation of cooling, reduction of hours that outdoor lightning is on, conversion of lighting in offices and corridors to emergency lighting. LGT CP’s focus was to reduce overall energy consumption. For example, all IT and server room temperatures were adjusted and overall office temperatures were decreased by one degree to save electricity. We also adjusted cooling and ventilation times so they started slightly later in the day and switched off earlier in the evening, and thus better aligned with office hours. In addition, we adjusted all cooling and ventilation during public holidays and on weekends.
E4. How does the company assess progress in preventing/mitigating the risks/impacts associated with the following environmental topics?
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)
Please select the company’s highest level of engagement. Options progress from left to right.
No monitoring of progress
Review topics on ad hoc basis
Set annual targets/ goals, track progress over time (internal programmes only) [Prompts E4.1 and E4.2]
Set annual targets/goals, track progress over time (internal and external programmes) [Prompts E4.1 and E4.2]
Other (Please provide additional information in the mandatory text box)
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
We report annually on the progress related to our Scope 1,2,3 emissions within our sustainability report and non-financial report. In addition LGT PB is supporter of TCFD and disclosed climate-related risks and opportunities in the TCFD report 2022. Due to our more recent focus on biodiversity protection and the complexity of the topic, the related data collection and monitoring of our impacts still pose a challenge at this stage. However, we are working to enhance the measurement of our activities to track and provide information on the effectiveness of our management approach to biodiversity protection. We report annually on the progress regarding our operational waste and on our total energy consumption and specifically on the shares of electricity and heating/cooling within our sustainability report and non-financial report.
E4.1. For each environmental topic for which the company sets timebound goals/targets, what kind of targets has the company set? Please give a description of targets (e.g., what is the target, absolute vs. intensity, externally verified, on track, etc.)
Linked to: CDP F6.1 (2022); GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Text Box)
Climate Change: 90% reduction of Scope 1&2 emissions by 2030 (baseline year 2019), absolute target, on track Air pollution: 50% reduction of flight emissions per FTE by 2030 (baseline year 2019), absoulte target, on track Waste: 50% reduction of paper consumption per FTE by 2030 (baseline year 2019), absolute target, on track Energy & resource use: - 100% renewable electricity and renewable heating source or district heating by 2030, absolute target, on track - Reduce energy consumption per FTE by 30% by 2030 (baseline year 2019), absolute target, on track
E4.2. For each environmental topic in which the company sets timebound goals/targets, how is progress against target/goal tracked?
Linked to: GRI Disclosure 3-3-e (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select all that apply for each line)
Progress is reviewed against goals annually or more frequently
Progress is reported internally to the most senior level
Progress is reported externally
Other (Please provide additional information in the mandatory text box)
Climate change
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
We review and report progress against the set targets annually in our Sustainability report and Non-financial report, which are published on our Website.
E5. In the course of the reporting period, has the company been involved in providing or enabling remedy for any impacts associated with the following environmental topic(s)?
Linked to: GRI Disclosure 3-3-d-ii (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016), and GRI Disclosure 201-2-a-iv (2016)
(Matrix – Select one answer option per line)
Yes, remedy provided/enabled
No remedy provided/enabled
No adverse impact identified or caused
Choose to not disclose
Climate change
Water
Oceans
Forests/biodiversity/land use
Air pollution
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.)
Energy & resource use
Please provide additional explanation:
As part of the PRB membership, LGT PB conducted an impact analysis to identify and focus on the significant impact areas relevant to sustainable development. LGT PB identified climate as the first impact area. The impact area climate is a strategically important topic for LGT PB where we can drive significant impact. The impact analysis identified water as an impact area, whereas water (respectively water quality) is a key component of biodiversity. Thus, by recognizing the importance of water to biodiversity we defined biodiversity as the second significant impact area. The results of the impact analysis allow us to define indicators and metrics for specific target in the area of water, biodiversity and climate and introduce actions to response to these topics. Regarding energy and resource use, LGT PB recognizes the importance of energy independence and of accelerating the deployment of renewables. This and as well the war in Ukraine, which has exacerbated the triple challenge of guaranteeing energy security and affordability, led to various actions to lower energy consumption in the different sites of LGT PB.
Climate Action
E6. What were the company’s gross Scope 1 and Scope 2 global greenhouse gas emissions (GHG) for the reporting period?
Linked to: CDP C6.1 (2022), CDP C6.3 (2022), CDP C6.5 (2022); GRI Disclosures 305-1, 305-2, 305-3 (2016); ISAR B.3.1; ISAR B.3.2
(Matrix – Select one answer option per line)
Measured Total Emissions (tCO2e)
We did not measure our gross GHG emissions [Please explain in the mandatory text box]
Scope 1 emissions
Scope 2 emissions
Please provide additional explanation:
E7. What were the company’s gross Scope 3 global greenhouse gas emissions (GHG) for the reporting period?
Linked to: CDP C6.1 (2022), CDP C6.3 (2022), CDP C6.5 (2022); GRI Disclosures 305-1, 305-2, 305-3 (2016); ISAR B.3.1; ISAR B.3.2
(Multiple choice– Select one)
We fully measured Scope 3 GHG emissions [Please input the measured tCO2e in the text box below]
We partially measured Scope 3 GHG emissions [Please input the measured tCO2e in the text box below] [Prompts E7.1]
We did not measure Scope 3 GHG emissions
Please provide additional explanation:
10521 tCO2e
E7.1. Which Scope 3 categories are included in the organization’s Scope 3 emissions calculation?
Linked to: GRI Disclosure 305-3 (2016); CDP C6.5 2022
(Multiple choice – Select all that apply)
Purchased goods and services
Capital goods
Fuel- and energy-related activities
Upstream transportation and distribution
Waste generated in operations
Business travel
Employee commuting
Upstream leased assets
Downstream transportation and distribution
Processing of sold products
Use of sold products
End-of-life treatment of sold products
Downstream leased assets
Franchises
Investments
Other - upstream
Other - downstream
Unknown
Please provide additional explanation:
E8. What percentage of the company’s revenue was invested in R&D of low-carbon products/services during this reporting period?
Linked to: CDP C4.3c (2022), CDP4.2b (2022); (partially linked to) ISAR A.3.3
(Matrix – Text Box with option for Unknown or N/A)
Percent of revenue (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
R&D for low-carbon products/services
Please provide additional explanation:
E9. Has the organization acted to support climate change adaptation and resilience?
Linked to: GRI Disclosure 201-2-a-iv (2016)
(Select all that apply)
We have taken action to increase organization-wide resilience to climate change
We have taken action to increase resilience in our supply chains
We have taken action to increase resilience in the communities in which we operate
We have provided funding for climate change adaptation and resilience initiatives and projects
We have not taken actions to build climate change resilience in the reporting period
Unknown
Please provide additional explanation:
In 2022, LGT PB defined four profiles to capture the different sustainability preferences of our clients: Traditional, Basic, Enhanced and Enhanced Plus, with the latter representing the highest standard of sustainability. This categorization, which applies to both LGT PB’s portfolio management and portfolio advisory mandates, allows LGT PB to recommend the investment solution that best aligns with our clients’ investment goals and values. In 2022, LGT PB (EMEA)’s portfolio management mandate “Focus Sustainability” once again saw a significant rise in assets under management (AuM) inflows. Moreover, in 2022, we expanded our offering of light green portfolio management mandates by upgrading the mandates “Classic”, “Swiss Domestic” and “High Conviction” to light green. As part of our transition plan, we will further improve the measurement of exposure to climate risks at the portfolio, sector and asset level, and realign our own investments with our net-zero ambition. The implementation of scenario analysis for all own investment portfolios will support us in identifying the alignment to the 1.5°C scenario and thus resilience to climate change. Managing climate risks through improved operational processes and norms, by implementing environmental management systems, reduced energy consumption for our properties, increased renewable power and reduced business travel. LGT CP has implemented a climate action framework that is built around two core objectives: to drive the energy transition and decarbonization and to build climate resilient portfolios. The first objective is about measuring the GHG emissions for individual portfolio holdings and taking the necessary steps to decarbonize the portfolio over time, in line with the Paris Agreement. The second objective is more top-down in nature, as it focuses on identifying critical vulnerabilities within the strategy by stress-testing the investment portfolio against adverse future pathways. Based on this analysis, portfolio managers can reallocate capital, where necessary, in order to make the overall portfolio more resilient to physical and transition risks related to climate change.
Energy/Resource Use
E10. Please report the company’s renewable energy consumption as a percentage of total energy consumption in the reporting period.
Linked to: ISAR B.5.1; GRI Disclosure 302-1 (2016)
(Matrix – Text Box with option for Unknown)
% of total energy consumption (Please input a whole number e.g., 50% = 50)
Unknown
Renewable energy consumption as % of total energy consumption:
Please provide additional explanation:
Technology
E11. What percent of the company’s revenue came from low-carbon products/services during this reporting period? If applicable, please give a description of the products/services included in your calculation (e.g., relevant certifications)
Linked to: SASB CG-MR-410a.1a; WEF Common Metrics
(Matrix – Text Boxes with option for Unknown or N/A)
Percent of total revenue (%) (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Low-carbon products and services/total revenue for the reporting period
Please provide additional explanation:
We have the LGT PB (EMEA) mandate ""focus sustainability"" in place, which our customers can choose. The emission intensity of the mandate ""focus sustainability"" is below the benchmark. Additionally, our Affiliate Lightrock holds/offers investment opportunities in the Climate Impact Fund. In 2022, LGT PB (EMEA)’s portfolio management mandate “Focus Sustainability” once again saw a significant rise in assets under management (AuM) inflows. We are not able to share our revenues neither on the mandate ""focus sustainability"" or the Climate Impact Funds.
Materiality-specific Questions
E12. Which of the following has the company identified as material environmental topics connected with its operations and/or value chain (e.g. the most severe actual or potential negative impacts on people and/or the environment)?
Linked to: GRI Disclosure 3-2 (2021)
(Select all that apply)
Water [Prompts questions E13 and E14]
Forests/biodiversity/land use [Prompts questions E15, E16 and E17]
Air pollution [Prompts questions E18]
Waste (e.g., chemical spills, solid waste, hazardous, plastic, etc.) [Prompts questions E19, E20, E21]
None of these topics have been identified as material by the company
Please provide additional explanation:
Materiality-specific: Water
E13. Please provide details regarding the company’s water withdrawal and consumption (own operations) during the reporting period.
Linked to: ISAR B.1.3; CDP W1.2b (2022), CDP W1.2d (2022); SASB CG-HP-140a.1; GRI Disclosures 303-3, 303-5 (2018)
(Matrix – Text Boxes with option for Unknown or N/A)
Volume of water in megaliters
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Total water withdrawal:
Fresh surface water withdrawal:
Groundwater withdrawal:
Brackish surface water/seawater withdrawal:
Produced water withdrawal:
Third-party water withdrawal:
Percentage of water withdrawn in regions with high or extremely high water stress(%):
Total water consumption:
Fresh surface water consumption:
Brackish surface water/seawater consumption:
Produced water consumption:
Third-party water consumption:
Percentage of water consumed in regions with high or extremely high water stress(%):
Please provide additional explanation:
E14. Please provide details about the company’s water intensity of products in regions with high or extremely high water stress.
Linked to: CDP W1.3 (2022); CDP W1.3a (2022 )
(Matrix – Text Boxes with option for Unknown or N/A)
Cubic meter/$ OR cubic meter/product type (Please input a number e.g., 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Water intensity of products
Please provide additional explanation:
Materiality-specific: Forests, Biodiversity, and Land Use
E15. Please report the number and area (in hectares) of sites owned, leased, or managed by the company in or adjacent to protected areas and/or key biodiversity areas (KBA).
Linked to: GRI Disclosure 304-1 (2016); ISAR B6.1, WEF Common Metrics
(Matrix – Text Boxes with option for Unknown or N/A)
Number
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Sites
Hectares
Please provide additional explanation:
We mainly operate in cities nor in nor adjacent to protected areas or KBAs.
E16. What area (in hectares) of natural ecosystems was converted during the reporting period in areas owned, leased, or managed by the company?
Linked to: CDP F1.3 (2022); GRI Disclosure 304-1 (2016)
(Matrix – Text Boxes with option for Unknown or N/A)
Area (hectares)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Conversion of natural resources
Please provide additional explanation:
Not applicable, due to the nature of our business activities.
E17. Is the company supporting or implementing project(s) focused on ecosystem restoration and protection?
Linked to: CDP F6.11 (2022); GRI Disclosure 304-3 (2016)
(Matrix – Select one option or input a number per line)
No
No, but we plan to within the next 2 years
Yes, Project(s) area to date (hectares)
Forest ecosystem restoration
Other ecosystem restoration
Reforestation
Natural regeneration
Agroforestry
Set-aside land
Biodiversity offsetting
Please provide additional explanation:
In 2022, LGT purchased emission avoidance credits from the Katingan Mentaya project in 2022. This forest conservation project protects local biodiversity, while allowing LGT to offset the operational emissions generated in the coming two to three years. This purchase reflects LGT’s ongoing commitment to climate-neutral operations since 2010. LGT Venture Philanthropy’s (LGT VP) environment strategy focuses on community-based, marine, and terrestrial ecosystem protection and regeneration solutions in biodiversity hotspots, including natural climate solutions. One of the projects supported by LGT VP is Pristine Seas, which is dedicated to protecting and preserving some of the most biodiverse marine environments on Earth through a combination of financial and strategic support.
Materiality-specific: Air Pollution
E18. Where applicable, please report the company’s emissions of the following pollutants during the reporting period.
Linked to: GRI Disclosure 305-7 (2016); ISAR B.1.4
(Matrix – Text Box with option for Unknown or N/A)
Emissions (t)
Unknown (Please provide additional information in the mandatory text box)
Not applicable (Please provide additional information in the mandatory text box)
NOx
SOx
Volatile organic compounds (VOCs)
Hazardous air pollutants (HAPs)
Particulate matter (PM10)
Persistent organic pollutants (POPs)
Other (Please provide additional information)
Please provide additional explanation:
Materiality-specific: Waste
E19. In metric tonnes, please report the company’s total weight of waste generated during the reporting period.
Linked to: GRI Disclosure 306-3 (2020); (partially linked to) ISAR B.2.1
(Matrix – Text Box with option for Unknown or N/A)
Waste generated (t)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Solid waste
Please provide additional explanation:
E20. Please report the percentage of the company’s waste that was hazardous waste (e.g., hazardous waste ratio) during the reporting period.
Linked to: GRI Disclosures 306-4, 306-5 (2020); ISAR B.2.3
(Matrix – Text Box with option for Unknown or N/A)
Hazardous waste ratio (%) (Please input a whole number e.g., 50% = 50)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Hazardous waste
Please provide additional explanation:
E21. Please report the company’s estimated metric tonnes of single-use plastic consumed wherever material along the value chain during the reporting period.
Linked to: WEF Common Metrics
(Matrix – Text Box with option for Unknown or N/A)
Single-use plastic (t)
Unknown
Not applicable (Please provide additional information in the mandatory text box)
Single-use plastics
Please provide additional explanation:
Overall Environment
E22. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to take to implement the environment principles, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for topics GRI 303 (2018), GRI 304 (2016), GRI 305 (2016), GRI 306 (2020), GRI 302 (2016)
(Text Box)
Additional information can be found in our Non-Financial Report 2022, chapters: - Nature capital - Climate protection and risk management - Energy efficiency and energy use - Biodiversity protection
Anti-Corruption
Commitment
AC1. Does the company have an anti-corruption compliance programme?
Linked to: GRI Disclosure 3-3-c (2021) for the topic GRI 205 (2016)
(Radial – Select One)
No, it is not an immediate business priority
No, but we plan to within the next two years
Yes [Prompts AC1.1]
Please provide additional explanation:
AC1.1. If yes, in what year was this programme last reviewed? (YYYY)
(YYYY)
Programme last reviewed
Please provide additional explanation:
We regularly inform our employees about our anti-corruption policy. LGT has developed standardized web-based training modules on anti-corruption policies and procedures that have been available group-wide since January 2023.
AC2. Does your company have policies and recommendations for employees on how to act in case of doubt and/or in situations that may represent a conflict of interest, e.g., with regard to gifts and hospitality, donations, sponsorship, or interactions with public officials?
(Radial – Select One)
No, but we plan to within the next two years
No, and we have no plans to develop them
Yes, included within a broader policy or as a standalone policy
Please provide additional explanation:
UPLOAD Internal directive: Group Anti-Bribery, Corruption, Gifts, and Entertainment Directive LGT Code of Conduct LGT Supplier Code of Conduct

0000_-Code-of-Conduct_extern_en.pdf
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LGT-Lieferantenkodex_en.pdf
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Prevention
AC3. Who receives training on anti-corruption and integrity?
Linked to: WEF Common Metrics; GRI Disclosure 205-2 (2016)
(Select all that apply)
Select employees [Prompts AC3.1]
All employees [Prompts AC3.1]
Contractors [Prompts AC3.1]
Direct suppliers of the organization [Prompts AC3.1]
Indirect suppliers of the organization [Prompts AC3.1]
Other – such as partners, clients, etc. [Prompts AC3.1]
No training provided
Please provide additional explanation:
We regularly inform all employees about our anti-corruption policy. LGT has developed standardized web-based training modules on anti-corruption policies and procedures that have been available group-wide since January 2023. In addition to these standardized web training modules, our individual locations have the possibility to conduct further local anti-corruption training and awareness campaigns. In addition, the Supplier Code of Conduct specifies behavior on anti-corruption for our suppliers.
AC3.1. How often is such training provided?
(Matrix – Select one answer option per line)
One time only
Every two or more years
Every year
We do not collect this data
All employees
Direct suppliers of the organization
Please provide additional explanation:
We regularly inform our employees about our anti-corruption policy. LGT has developed standardized web-based training modules on anti-corruption policies and procedures that have been available group-wide since January 2023. In addition to these standardized web training modules, our individual locations have the possibility to conduct further local anti-corruption training and awareness campaigns. Suppliers are sensitized when they sign the Supplier Code of Conduct, which is regularly just once.
AC4. Does the company monitor its anti-corruption compliance programme?
Linked to: GRI Disclosure 3-3-e (2021) for the topic GRI 205 (2016); SDG Action Manager - SDG 16: Peace, Justice, and Strong Institutions
(Select all that apply)
Review topics on ad hoc basis
Yes, through internal employee self-evaluations
Yes, through automated controls monitoring
Yes, through external independent monitoring
Yes, through other mechanisms (Please provide additional information) [Makes text box mandatory]
No, we do not monitor the anti-corruption compliance programme (Please provide additional information) [Makes text box mandatory]
Please provide additional explanation:
We regularly review our LGT Code of Conduct and make any necessary amendments. Furthermore, internal and external audits provide binding feedback on the LGT Code of Conduct.
Performance
AC5. Please report the company’s total number and nature of incidents of corruption during the reporting year. If applicable, please describe the nature of the incidents in the text box below
Linked to: GRI Disclosure 205-3 (2016); WEF Common Metrics; ISAR D.2.1
(Matrix – Text Boxes with option for Unknown or N/A)
Number of incident(s) (Please describe the nature of the incidents in the text box below)
Unknown
Choose to not disclose
Confirmed during the current year, but related to previous years
Confirmed during the current year, and related to this year
Please provide additional explanation:
In 2022, there were no confirmed incidents of corruption at LGT.
Response and Reporting
AC6. Within the reporting period, what measures has the company taken to address suspected incidents of corruption independently or in response to a dispute or investigation by a government regulator?
Linked to: GRI Disclosure 3-3-d (2021) for the topic GRI 205 (2016); Reporting Guidance on the10th Principle Against Anti-corruption – B3
(Select all that apply)
Initial case assessment
Internal investigation
Review by risk/ethics committee
Review by board of directors
External audit/review
Other (Please provide additional information) [Makes text box mandatory]
Not applicable/no incidents in the reporting period
Please provide additional explanation:
AC7. Does your company engage in collective action against corruption?
Linked to: GRI Disclosure 3-3-d (2021) for the topic GRI 205 (2016)
(Radial – Select One)
No, but we plan to within two years
No, it is not an immediate business priority
Yes (Please explain) [Makes text box mandatory]
Please provide additional explanation:
AC8. Briefly describe additional relevant practical actions the company has taken during the reporting period and/or plans to implement the anti-corruption principle, including goals set and any challenges faced and actions taken towards prevention and/or remediation.
Linked to: GRI Disclosures 3-3-c and 3-3-d (2021) for the topic GRI 205 (2016)
(Text Box)
Additional information can be found in our Non-Financial Report 2022, chapter: - Ethics and integrity

Sustainability Reports*

lgt-sustainability-report-fy-2022_en.pdf

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