Foreword

Dear Readers

This Sustainability Report gives you an insight into how we at Luzerner Kantonalbank AG (LUKB) live up to our responsibility towards society and the environment. As in the previous year, the report was prepared in accordance with the non-financial reporting requirements set out in the Swiss Code of Obligations as well as in accordance with the GRI Standards and the recommendations on climate reporting made by the former Task Force on Climate-related Financial Disclosures (TCFD).

In the past year, we intensively examined LUKB's strategic development for the 2026 to 2030 strategy period. The Board of Directors and the Executive Board also discussed the strategic importance of sustainability for LUKB in the future. This is based on the basic understanding that a cantonal bank – regardless of its legal form – should always pay particular attention to the prosperity and value creation in its canton and is expected to show a greater sense of responsibility. For this reason, there is no doubt that LUKB must understand sustainability as a holistic concept. A concept in which the triad of the environment, social issues and corporate governance should always be considered.

We also see it as our responsibility to regularly question our own understanding of sustainability and our approach to sustainability and adapt it to current circumstances. In the run-up to this year's report, we therefore reviewed and selectively adjusted the material topics as required by the relevant frameworks. As usual, they form the structural element of this report (see ‘Approach and areas of focus’ section).

It is important to us that our sustainability work is understood and that the expectations of the relevant stakeholders are met. The continued improvement in some of our sustainability/ESG ratings shows that we are consistently improving in this regard. The outstanding corporate governance rating awarded by Inrate (zRating study 2025) also confirms that we are on the right track: LUKB was once again one of the leading Swiss financial services providers in 2025.

Knowing the importance of external assessments and in times of increasing formal and regulatory requirements, it is important to us at LUKB to not lose sight of the actual purpose of sustainability work – the impact. Our employees are of the utmost relevance – also strategically. The outstanding results of the employee survey 2025 are proof that we take our responsibility towards our workforce in the best possible way. This has a positive impact on more than just our employees.

Regarding the environment, we faced some political headwinds against climate protection in the reporting year, an area that previously enjoyed broad support. However, we remain consciously committed to climate protection and are sticking to our net-zero target for 2050 and our ambitious Climate Roadmap. It is important to us to follow our path consistently. LUKB keeps the promises it makes.

The availability of reliable data will remain a challenge for the foreseeable future. However, we are confident that we will be able to further improve data quality through our network of specialist partners.

Sustainability affects us all. With our long-term mindset, regional roots and proximity to clients and other stakeholders, we want to continue to make a tangible contribution in the future. We look forward to continuing on this path together.

Yours sincerely

Markus Hongler

Chair of the Board of Directors

Daniel Salzmann

CEO

Lucerne, 12 March 2026