|Date joined:||23 March, 2021|
|Initiatives:||Principles for Responsible Banking|
VP Bank Group is an internationally active private bank providing financial solutions for private individuals and financial intermediaries. They offer access to investment solutions via their fund companies and to investments in the private market. VP Bank is one of the largest banks in the Liechtenstein financial centre. In addition to its headquarters in the Principality of Liechtenstein, VP Bank Group operates in five other locations: Switzerland, Luxembourg, Singapore, Hong Kong and the British Virgin Islands.
The investment fund business of VP Bank Group is brought together under the VP Fund Solutions roof-an international fund competence centre with a presence in the Liechtenstein and Luxembourg fund centres. It includes third-party fund business, private label funds and their own home-grown funds.
A large proportion of the Bank’s equity capital is in the hands of three anchor shareholders: “Stiftung Fürstl. Kommerzienrat Guido Feger” foundation, “U.M.M. Hilti-Stiftung” foundation and “Marxer Stiftung für Bank- und Unternehmenswerte” foundation – a guarantee for continuity, independence and sustainability.
Summary of sustainability strategy
VP Bank supports and is committed to contribute to the global Sustainable Development Goals and the Paris Climate Agreement. To ensure that their collective future is not only safe and stable but ever-improving and prosperous, they developed their Sustainability Plan in 2020. The Plan came into action on 1 January 2021 and as such will serve as the baseline year to measure progress.
Their ambition is to grow their business while creating a positive impact. They will do this by offering their clients opportunities to invest in solutions to global sustainability challenges through their initiative “Investing For Change”. They will continue to integrate sustainability in everything they do to ensure their credibility. With this ambition, they are well placed to seize today’s and tomorrow’s opportunities. Their Sustainability Plan supports this ambition and presents what they want to achieve by 2026. The plan encompasses their efforts to investing for change with their product offering and investing in change within their business activities. They are convinced that by consistently implementing this approach, they can create positive change as well as drive their company’s growth.