The LLB Group is committed to continued reduction of its carbon footprint. We therefore encourage our staff to do their part, if possible, by not driving their car to work, forming car pools or by switching to more environmentally friendly as well as cost saving alternatives. Road traffic in Liechtenstein is increasing at an annual rate of more than three percent. Densely built-up areas mean that carriage-ways and parking spaces cannot be expanded in many cases. As early as 1997, we introduced car park management at our headquarters in Vaduz. This exemplary project has since gone on to set new standards in Liechtenstein.
Since 2010 our comprehensive mobility management has consisted of various elements, such as a graduated fee system for employee parking spaces. This has resulted in a reduction of LLB parking spaces by one third. Furthermore, LLB bears the costs of an annual travel pass with the Liechtenstein Bus Company (LBA). Every second staff member has since switched to public transport. Employees commuting to their workplace from outside the area served by LBA buses receive financial support for using regional public transport. We encourage our staff to take the bus or ride our company bicycles to meetings and events in Liechtenstein.
More than half of the distances travelled by car in Liechtenstein are shorter than five kilometres, as are the distances between the single LLB buildings in Vaduz. Our employees have had the possibility to use company bicycles for ten years; we now have forty such bicycles. In addition to activities and events for its employees, the LLB Group is also the main sponsor of similar projects for the whole of Liechtenstein. In 2012, the Liechtenstein automobile club (Verkehrs-Club Liechtenstein) organized the competition «Radfahren für die Gesundheit» (Riding your bike for your health) for the fifteenth time. The 233 participants covered the equivalent of ten times around the earth or, more precisely, a distance of 438'000 kilometres.
In 2013, our Mobility Commission will extend its mobility management to all business bases of the LLB Group in Liechtenstein and eastern Switzerland. Costs for parking spaces will be increased considerably, while employees who use public transport will receive greater support. Our aim of promoting energy efficiency also applies to our transport policy because ecology and the economy are inseparably linked. In 2012, the LLB Group replaced its company cars with fuel saving ones. This resulted in a fifty percent reduction in emissions caused by their fleet of vehicles. We were also able to reduce the number of kilometres travelled on business trips by promoting the use of technical alternatives, such as telephone conferencing and video-conferencing. Moreover, our employees use public transport as often as possible when on business trips.