Relations with suppliers and partners
Relevance of the topic
Responsible management does not start and end with the company; it also includes suppliers and partners. Together, they are responsible for sustainable value chains. LUKB supports the local economy through regional procurement. Purchasing environmentally friendly, socially responsible and regional products strengthens the bank's reputation as a sustainable company.
Principle
LUKB strives for long-term, trust-based business relationships with its suppliers and partners. It ensures that commissioned companies offer fair working conditions, for example through membership of sector-specific collective bargaining agreements.
LUKB contractually requires its suppliers to uphold bank-client and business confidentiality as well as data protection law. It requires compliance with its Supplier Code of Conduct or equivalent standards for new contracts and contract renewals. The LUKB Supplier Code of Conduct1) sets out the principles and standards for business integrity, ethics, social and environmental responsibility, and the corresponding management systems that are important for collaboration with suppliers. LUKB itself abides by the non-negotiable sustainability and cooperation requirements laid down in the Supplier Code of Conduct. These are also binding for all suppliers and apply equally to their own suppliers, subcontractors and other business partners.
Targets
LUKB abides by its internal sustainable procurement requirements, as well as the provisions of its Supplier Code of Conduct. It also aims to continue awarding more than 90 % of construction-related contracts to companies from central Switzerland.
Status in 2025
The main areas of procurement for LUKB are IT, data, services, marketing products and building infrastructure. The aim is to place as many orders as possible with local suppliers. The proportion of spending on local suppliers has been consistently high since 2020.
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |||||||
Proportion of spending on local suppliers (GRI 204-1) | 96 % | 97 % | 96 % | 96 % | 96 % | 96 % |
Local suppliers include suppliers in the canton of Lucerne, in the neighboring cantons and in the cantons in which LUKB has a branch (canton of Zurich) or a sales office (cantons of Ticino and Vaud). The figures refer to the entire Group.
Since 2011, LUKB has also kept statistics on construction contracts. The target of awarding more than 90 % of construction contracts to companies from central Switzerland was once again achieved in 2025:
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |||||||
Construction contracts awarded to companies in the Central Switzerland region | 96 % | 96 % | 96 % | 96 % | 97 % | 97 % |
Companies in the Central Switzerland region are defined as those whose legal domicile is in the cantons of Central Switzerland. The figures relate to the Group as a whole.
LUKB considers non-local suppliers in particular if services or products are not available from local providers on comparable terms.
LUKB also ensures that the companies it engages offer fair working conditions, for example through membership of sector-specific collective bargaining agreements. The Bank requires a contractual undertaking from each of its suppliers that they will uphold banking and business confidentiality and the applicable data protection regulations.