11 Analysis of equal pay under the Gender Equality Act

At LUKB, fair and progressive working conditions form the basis for successful employment relationships. This includes ensuring that everyone is paid equally for doing the same work.

LUKB has participated voluntarily in the equal pay dialogue among Switzerland's social partners and the federal government since 2014 and was the first Swiss bank to successfully complete this process. LUKB meets its obligation to conduct an equal pay analysis, which came into effect on 1 July 2020, with a comprehensive analysis for the period from 1 July 2020 to 30 June 2021. The analysis was audited by PricewaterhouseCoopers AG (PwC). In its audit report of 15 June 2022, PwC confirmed that the analysis met the regulatory requirements. As has been the case without fail since 2014, the outcome shows that the gender pay gap at LUKB falls within the tolerance of 5 % and thus ensures wage equality.

LUKB believes in the importance of this issue and was thus awarded the ‘We Pay Fair’ certificate from the Competence Centre for Diversity & Inclusion (CCDI) of the University of St. Gallen in July 2023.