LGT Wealth Management
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (electricity and heating)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Partnered with Wildfowl & Wetlands Trust (WWT) to contribute to the creation of 100,000 hectares of new and restored wetlands in the UK.
- Partnered with Reconome to refurbish IT equipment and distribute them to foundations, schools, charities, and community organizations, avoiding 55,144 kg of CO2 emissions and preventing 356 kg of waste.
- Partnered with DIRT and Fibershed to explore the use of biodynamic wool in the fashion industry.
Social Achievements
- Supported Demelza, The Childhood Trust, Porchlight, and Consortium for Street Children.
- Sponsored 'We Can Be' to build confidence and raise aspirations in young women.
- Employees participated in volunteering projects.
Governance Achievements
- Implemented a robust corporate governance framework with a Governing Board and Management Board.
- Established a Sustainable Governance Committee (SGC) to oversee sustainability initiatives.
- Maintained a Code of Conduct and various conduct policies (whistleblowing, conflicts of interest).
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve net-zero emissions across operations and investments by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Climate change and its impact on investments and operations.
- E-waste and its environmental and social consequences.
- The need to address inequalities in communities.
Mitigation Strategies
- Set a net-zero target for operations and investments by 2030.
- Partnered with organizations to address e-waste and promote sustainable practices.
- Supported charities and initiatives focused on social equity.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
Transition Risks
- Regulatory changes
Opportunities
- Investments in nature and transition technology
Reporting Standards
Frameworks Used: European Sustainability Reporting Standards (ESRS), Task Force for Climate-related Disclosures (TCFD), EU Taxonomy
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Sustainable investment services
Awards & Recognition
- PIMFA Diversity & Inclusion award: Best Organisational Outreach Initiative programme
- PIMFA Diversity & Inclusion award: Inclusive Talent Management
- Portfolio Adviser 2023 Wealth Partnership Awards: Contribution to inclusivity - Diversity & Inclusion Lens