Operational ecology

Sustainable procurement

We increasingly raise our employees’ awareness to consider sustainability when choosing office supplies, office equipment and suppliers. Our new purchasing management is planning a central purchasing portal. A Group directive has been in force since 1 February 2012 that was specifically drafted to support our aims of integrating the sustainability factor, introducing centralised purchasing for the LLB Group, analysing savings potential and reducing costs. On the one hand, actual demand or reusability as well as supplier relations have to be carefully assessed prior to each purchase; on the other hand, we have set minimum standards that our suppliers are obliged to accept. These include compliance with laws, minimization of environmental impact, staff health and safety protection as well as the non-use of both child labour and forced labour.

Energy consumption

The LLB Group intends to constantly increase its contribution to the environmentally friendly use of resources. The new branch office in Eschen is designed to be energy efficient. As such, this flagship project will have a great impact in the future. However, we still expect power consumption to rise due to the parallel running of operations. Once the implementation of the new data processing centre has been completed in 2013, we will start to profit from the potentials for energy savings.

In 2012, the Vaduz headquarters of the Liechtensteinische Landesbank consumed 892'342 kilowatt-hours of heating energy as compared to 816'779 kilowatt-hours in 2011. In 2012, LLB in Liechtenstein purchased 4'238'052 kilowatt-hours of electricity, that is, 0.48 percent more than in the previous year.

Our main buildings are responsible for the bulk of energy consumption. Since three of our business premises (headquarters, Haus Äule, Haus Engel) are equipped with photovoltaic systems, we generate part of our electric power in an environmentally friendly manner. In 2012, the solar power system produced 11'976 kilowatt-hours, an increase of 12.5 percent as compared with 2011.

Electricity generated from photovoltaic systems

2008 – 2012, in kilowatt-hours

Electricity generated from photovoltaic systems (bar chart)
Electricity consumption

2008 – 2012, in kilowatt-hours

Electricity consumption in kilowatt-hours (bar chart)

Paper consumption

Despite the use of digital media, paper consumption in industrialized societies is increasing. At the same time, the raw materials are chiefly produced in developing countries. This has considerable ecological and social consequences for some parts of the world. Within the LLB Group, we make a sustained effort to continuously reduce paper consumption. The automatic duplex function, installed in all of our printers and copying machines, allows employees to print everything double-sided. Moreover, we inform our clients that numerous brochures and documents can be accessed as PDF files on our web site. More and more clients are using our LLB iBanking system: two thirds use it for making payments and one fifth of clients use it for their stock exchange orders. All bank statements are available online via the electronic mailbox. It is not only the quantity of paper a company uses that counts but also the quality of that paper. This is why the LLB Group exclusively uses paper from environmentally responsible forestry with the globally recognized FSC label when printing brochures, which are produced in large numbers at monthly or quarterly intervals.

Paper consumption

2008 – 2012, in tonnes

Paper consumption in tonnes (bar chart)


Waste management within the LLB Group means avoiding, recycling and properly disposing of waste. There are central collection points in all buildings for the separation of waste and the disposal of paper, glass and PET bottles as well as for waste requiring special disposal.

Waste disposal statistics

2008 – 2012, in tonnes

Waste disposal statistics in tonnes (bar chart)
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