Cembra Money Bank AG

The Sustainability Committee, which is chaired by the CEO, held six meetings in 2024, in which it oversaw ongoing sustainability initiatives and projects. In addition, the committee confirmed the sustainability targets which are designed to drive further improvements along our most material sustainability topics. Sustainability targets have been part of the criteria for determining the Management Board's incentive-based compensation since 2020 (see Compensation Report, pages 123-124). [...] The Board, supported by the Audit and Risk Committee, provides oversight and strategic direction on sustainability-related topics. We were again seeking external limited assurance for the entire Sustainability Report (see pages 38 and 76-78). [...] Organisation at the executive management level Sustainability, including climate-related matters, is managed by the Management Board through a dedicated Sustainability Committee. It complements the existing Management Board committees, which include the Credit Committee, the Asset and Liability Committee, and the Risk and Controllership Committee. The Sustainability Committee is chaired by the CEO, and members of the Management Board, the head of human resources, and the head of investor relations & sustainability also sit on the committee. The committee's role is to develop and implement the overall sustainability strategy, including climate-related topics, and to monitor key improvement projects and initiatives (see Risk Management Report page 20). In 2024, the Sustainability Committee held six meetings, in January, March, May, July, October and December. [...] Through an internal working group supported by a specialised consultant, Cembra continued the development of climate-related mid and long-term targets and actions, scenario analysis and other elements of the TCFD (task force for climate-related disclosures) framework. The working group results were reviewed by the Sustainability Committee and acknowledged by the Board of Directors, assisted by the Audit and Risk Committee (for details see page 34).

The Sustainability Committee, which is chaired by the CEO, held five meetings in 2023, in which it oversaw ongoing sustainability initiatives and projects. In addition, the committee confirmed and reviewed the sustainability targets which are designed to drive further improvements. Sustainability targets have been part of the criteria for determining the Management Board's incentive-based compensation since 2020 (see Compensation Report, page 121). [...] Organisation at the Board level Sustainability matters are addressed periodically by the Board of Directors, which oversees Cembra's processes to identify and manage the company's impacts on the economy, environment, and people, including performance as well as the associated targets, reflecting an important direction of the Group. The Board of Directors regularly reviews the feedback and inputs of institutional investors and other stakeholders. Questions regarding remuneration, the Board's composition and shareholder rights are always dealt with transparently. The Board of Directors is updated on all sustainability-related activities (including impacts) at Cembra by the Sustainability Committee and by members of the Management Board at least twice a year. The Board of Directors provides strategic direction and approves Cembra's sustainability approach and periodic reporting as part of the annual report. [...] The Sustainability Committee is chaired by the CEO, and members of the Management Board, the head of human resources, and the head of investor relations & sustainability also sit on the committee. The committee's role is to develop and implement the overall sustainability strategy, including climate-related topics, and to monitor key improvement projects and initiatives. In 2023, the Sustainability Committee (see Risk Management Report page 20) held five meetings, in March, May, July, October and December. The Board of Directors provides oversight, assisted by the Audit and Risk Committee.