LGT Bank impresses in the area of sustainable investing
12 September 2022
Fuchs Richter Prüfinstanz, a German company that reviews private banks, has assigned the highest ranking from a total of five levels to LGT Bank in the area of sustainable investing. The bank owned by the Princely Family of Liechtenstein occupies second place in the overall ranking with 92 out of 100 points. In total, 25 banks in German-speaking countries were reviewed.
LGT Bank has been designated as a “Grand Master” in the area of sustainable investing by Fuchs Richter Prüfinstanz, further details of which can be found in a press release issued by the bank owned by the Princely Family of Liechtenstein. Many years of experience, extensive specialist knowledge and the excellent implementation of investment concepts were decisive factors behind LGT Bank’s classification in the highest level of a total of five ranks. With a score of 92 out of 100 points, LGT Bank took second place out of a total of 25 banks evaluated in German-speaking countries.
“Making sustainable investing straightforward, transparent and attractive for our private clients is something we have put significant effort into in recent years”, comments Olivier de Perregaux, CEO LGT Private Banking, in the press release, adding that: “This was driven by our conviction that investors can make an important contribution to sustainable development”.
In its assessment, Fuchs Richter bases 25 percent in each case on information provided by the banks themselves and the implementation of sustainable customer requirements in the investment proposal. A total of 40 percent of the score is based on an evaluation of the advice provided to clients on sustainability matters, with the remaining 10 percent connected to the integration of sustainability in the investment process. According to the press release, Fuchs Richter Prüfinstanz reached the conclusion in its review that “LGT is one of the top private banking providers for sustainability in German-speaking countries”.