2025 report on non-financial matters pursuant to Articles 964a to c of the Swiss Code of Obligations

The report on non-financial matters provides an account of …

Art. 964b para. 1

… environmental matters, in particular the CO₂ goals

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Investment business Lending business Relations with suppliers and partners Greenhouse gas emissions and climate protection Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 1

… social issues

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Client satisfaction Economic performance and shareholder value Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Commitment to the region Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 1

… employee-related issues

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Employer responsibility and attractiveness Commitment to the region Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 1

… respect for human rights

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 1

… combating corruption

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Business ethics and compliance Investment business Lending business Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

The report contains the information required to understand …

Art. 964b para. 1

… business performance

Annual Report | Annual review Annual Report | Group Financial Report Annual Report | Financial Report of the Parent Company

Art. 964b para. 1

… the business result

Annual Report | Annual review Annual Report | Group Financial Report Annual Report | Financial Report of the Parent Company

Art. 964b para. 1

… the state of the undertaking

Annual Report | Annual review Annual Report | Group Financial Report Annual Report | Financial Report of the Parent Company

Art. 964b para. 1

… the effects of its activity on environmental matters

See the sections listed above in connection with environmental matters

Art. 964b para. 1

… the effects of its activity on social issues

See the sections listed above in connection with social matters

Art. 964b para. 1

… the effects of its activity on employee-related issues

See the sections listed above in connection with employee-related matters

Art. 964b para. 1

… the effects of its activity on respect for human rights

See the sections listed above in connection with respect for human rights

Art. 964b para. 1

… the effects of its activity on combating corruption

See the chapters listed above in connection with combating corruption

The report includes in particular …

Art. 964b para. 2.1

… a description of the business model

Annual Report | About LUKB | Business model and strategy Annual Report | About LUKB | LUKB share Annual Report | Annual review | Annual review Annual Report | Annual review | Future prospects Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Client satisfaction Economic performance and shareholder value Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Commitment to the region Relations with suppliers and partners

Art. 964b para. 2.2

… a description of the policies adopted in relation to environmental matters as referred to in paragraph 1, including the due diligence applied

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Investment business Lending business Greenhouse gas emissions and climate protection Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.2

… a description of the policies adopted in relation to social issues as referred to in paragraph 1, including the due diligence applied

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Commitment to the region Relations with suppliers and partners Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.2

… a description of the policies adopted in relation to respect for human rights as referred to in paragraph 1, including the due diligence applied

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.2

… a description of the policies adopted in relation to combating corruption as referred to in paragraph 1, including the due diligence applied

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Business ethics and compliance Investment business Lending business Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.3

… a presentation of the measures taken to implement these policies and and an assessment of the effectiveness of these measures in relation to environmental matters

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Investment business Lending business Greenhouse gas emissions and climate protection Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.3

… a presentation of the measures taken to implement these policies and and an assessment of the effectiveness of these measures in relation to social issues

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Commitment to the region Relations with suppliers and partners Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.3

… a presentation of the measures taken to implement these policies and and an assessment of the effectiveness of these measures in relation to respect for human rights

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Digitalisation, information security, data protection and privacy Business ethics and compliance Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.3

… a presentation of the measures taken to implement these policies and and an assessment of the effectiveness of these measures in relation to combating corruption

Principles: Commitment to responsible action Managing sustainability Approach and areas of focus Business ethics and compliance Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.4

… a description of the main risks related to the matters referred to in paragraph 1 and how the undertaking is dealing with these risks. In particular, it shall cover risks::

• a. that arise from the undertaking's own business operations, and
• b. provided this is relevant and proportionate, that arise from its business relationships, products or services

Risk assessment in accordance with the Swiss Code of Obligations (CO) Annual Report | Group Financial Report | Consolidated notes

Art. 964b para. 2.5

… the main performance indicators for the undertaking's activities in relation to environmental matters

Investment business Lending business Greenhouse gas emissions and climate protection Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.5

… the main performance indicators for the undertaking's activities in relation to social issues

Investment business Lending business Commitment to the region Relations with suppliers and partners Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.5

… the main performance indicators for the undertaking's activities in relation to employee-related issues

Employer responsibility and attractiveness Relations with suppliers and partners Risk assessment in accordance with the Swiss Code of Obligations (CO) Annual Report | Compensation Report

Art. 964b para. 2.5

… the main performance indicators for the undertaking's activities in relation to respect for human rights

Digitalisation, information security, data protection and privacy Business ethics and compliance Investment business Lending business Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

Art. 964b para. 2.5

… the main performance indicators for the undertaking's activities in relation to combating corruption

Business ethics and compliance Investment business Lending business Employer responsibility and attractiveness Relations with suppliers and partners Other topics | Procurement and waste disposal Risk assessment in accordance with the Swiss Code of Obligations (CO)

The climate disclosures, which are based on ‘Recommendations of the Task Force on Climate-related Financial Disclosures’, June 2017 version, and the annex ‘Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures’, October 2021 version, consist of implementing the recommendations on the following topics in particular:

Art. 3 para. 1 lit. a

Governance

See information on governance below

Art. 3 para. 1 lit. b

Strategy

See information on strategy below

Art. 3 para. 1 lit. c

Risk management

See information on risk management below

Art. 3 para. 1 lit. d

Metrics and targets

See information on metrics and targets below

Implementation of the recommendations pursuant to Art. 3 para. 1 lit. b (strategy) includes in particular …

Art. 3 para. 3 lit. a

… a transition plan that is comparable with Switzerland's climate targets

Climate targets Climate strategy/climate transition plan

Art. 3 para. 3 lit. b

… where possible and appropriate disclosures in quantitative form and disclosure of the basic assumptions needed for comparability and the methods and standards used

Greenhouse gas emissions and climate protection

Where possible and appropriate, implementation of the recommendations pursuant to Art. 3 para. 1 lit. d (metrics and targets) includes in particular …

Art. 3 para. 4 lit. a

… quantitative CO₂ targets and, where applicable, targets for other greenhouse gases

Climate targets Climate strategy/climate transition plan

Art. 3 para. 4 lit. b

… disclosure of all greenhouse gas emissions

Scope 1 and Scope 2 GHG emissions Scope 3 greenhouse gas emissions Scope 3 greenhouse gas emissions – financed emissions

Art. 3 para. 4 lit. c

… disclosures in quantitative form and disclosure of the basic assumptions needed for comparability and the methods and standards used

Scope 1 and Scope 2 GHG emissions Scope 3 greenhouse gas emissions Scope 3 greenhouse gas emissions – financed emissions Climate strategy/climate transition plan

Art. 3 para. 5

Consideration of the sector-specific guidance for financial institutions when implementing the recommendation under Art. 3 para. 1 lit. d includes forward-looking, scenario-based climate compatibility analyses.

Climate compatibility tests Climate-related risks

The TCFD recommends the following main content:

Recommendations p. 19, a. Governance, disclosure a)

Board of Directors oversight of climate-related risks and opportunities

Managing sustainability | Board of Directors Managing sustainability | Committees of the Board of Directors Managing sustainability | Reporting

Recommendations p. 19, a. Governance, disclosure b)

Role of the Executive Board in assessing and managing climate-related risks and opportunities

Managing sustainability | Executive Board Managing sustainability | Reporting

Recommendations p. 20, b. Strategy, disclosure a)

Climate-related risks and opportunities the organisation has identified over the short, medium and long term

Risks and opportunities

Recommendations p. 20, b. Strategy, disclosure b)

Impact of climate-related risks and opportunities on the organisation's business, strategy and financial planning

Risks and opportunities

Recommendations p. 21, b. Strategy, disclosure c)

Resilience of the strategy to different climate scenarios (including 2°C or lower scenario)

Risks and opportunities

Recommendations p. 21, c. Risk management, disclosure a)

The organisation's processes for identifying and assessing climate-related risks

Climate risk management

Recommendations p. 21, c. Risk management, disclosure b)

Organisation's processes for managing climate-related risks

Climate risk management

Recommendations p. 22, c. Risk management, disclosure c)

How processes for identifying, assessing, and managing climate-related risks are integrated into the organisation's overall risk management

Climate risk management Managing sustainability | Risk Control Managing sustainability | Reporting

The TCFD also recommends the following disclosures:

Recommendations p. 22, d. Metrics and targets, disclosure a)

Metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process

Scope 1 and Scope 2 GHG emissions Scope 3 greenhouse gas emissions Scope 3 greenhouse gas emissions – financed emissions Risks and opportunities

Recommendations p. 22, d. Metrics and targets, disclosure b)

Scope 1, Scope 2 and, if applicable, Scope 3 greenhouse gas emissions and the related risks

Scope 1 and Scope 2 GHG emissions Scope 3 greenhouse gas emissions Scope 3 greenhouse gas emissions – financed emissions Risks and opportunities

Recommendations p. 22, d. Metrics and targets, disclosure c)

Targets used by the organisation to manage climate-related risks and opportunities and performance against targets

Climate targets Climate strategy/climate transition plan