Like many other businesses around the world, the coronavirus pandemic has accelerated our adoption of technology and, consequently, forced us to be less reliant on printing and paper methods of working. This shift carries with it a number of benefits to the environment. Globally, reports show that we consume over 400 million metric tons of paper per year. We believe that it is our responsibility as a business to do our part to tackle this issue.
We would like to invite our clients to join us on this journey. As of this month, we have committed to planting a tree for every client that elects paperless reporting, supporting a number of reforestation projects around the world. This means that for every client who chooses to view their documentation online rather than requesting printed hardcopies, a tree will be planted.
To honour this promise and recognise our existing paperless clients, we have already planted thousands of trees for all existing paperless clients. View the LGT Vestra Forest here.
To date, the LGT Vestra Forest has planted trees in Kenya, Madagascar, Thailand and India, supporting a range of projects. For example, the Trees for Tigers project in India is a plantation of 50,000 trees, planted with the aim to improve wildlife habitat and maintain a buffer corridor for wildlife movement. LGT Vestra clients are able to peruse the forest here and learn more about the individual projects and trees in order to see the very tangible impact that their positive decisions have had.
In addition to our reforestation initiative, paperless reporting will be made easier for our clients over the coming months. We are delighted to be in the process of launching our new client portal and mobile app, LGT SmartWealth, which we hope will reduce the need for printed documentation in the future.
We estimate that if every LGT Vestra client were to adopt our paperless reporting, we would be able to actively reforest up to 15 hectares (just over 28 football pitches), before calculating the paper saved from not printing any additional documentation.
We recognise that there is much more that can be done, but hope that with your help, we can make a step forward in reducing our paper consumption and foster a positive change towards supporting our natural world.
 Statista, November 2019 https://www.statista.com/topics/1701/paper-industry/
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