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- LGT Wealth Management names Phoebe Stone as its first Chief Sustainability Officer (UK) to advance its Net Zero 2030 target.
- Stone will lead sustainability across the firm’s private and public market investments and operations, building on her six years with LGT’s sustainable investing division.
- CEO Ben Snee emphasizes the role’s significance in embedding broad sustainability accountability within the firm’s strategy.
LGT Wealth Management, a top wealth manager in the UK, has appointed Phoebe Stone as its first Chief Sustainability Officer (UK), underscoring its commitment to sustainability and advancing its Net Zero 2030 target. Stone’s role consolidates LGT’s sustainability strategies, especially following its 2023 acquisition of abrdn’s discretionary fund management business.
Having joined LGT in 2014, Stone has been instrumental in building the firm’s sustainable investing client proposition, leading a dedicated team in ESG integration and stewardship since 2018. Now, as Chief Sustainability Officer, Phoebe Stone will oversee sustainability across private and public investments and drive sustainable change throughout LGT’s operations.
Stone remarks, “The overarching goal is to drive forward our interconnected approach to sustainability, including heightened accountability for our own business practices and those of the companies in which we invest.”
“While there is so much complexity and nuance inherent in sustainability,” she adds, “we are in the fortunate position of being able to dedicate what we feel are the necessary resources and expertise – evidenced by our Group’s long-term investment in, and focus on, this space.”
Ben Snee, Chief Executive Officer of LGT Wealth Management, highlights the importance of the role in the broader wealth management landscape. “Chief sustainability officers are a rarity in wealth management, with sustainability roles too often seen as a niche area of the investment function,” he explains. “Our creation of a Chief Sustainability Officer is part of our commitment to ensuring we are a firm that looks at our impact on the world in a much broader way, building on our reputation as early adopters when it comes to sustainability.”
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In addition, Jordan Kelly, a portfolio manager in LGT’s sustainable team, has been promoted to lead sustainable fund, equity, and bond research. Having been with the firm for five years, Kelly has played a key role in developing the sustainable asset selection approach alongside Phoebe Stone and the research team. This internal promotion further reflects LGT’s investment in sustainable expertise as part of its long-term goals.