Liechtensteinische Landesbank AG

**Public affairs** Only by constantly seeking dialogue with different decision makers are we able to voice our opinion and be heard. LLB is therefore in regular contact with opinion leaders and selected representatives from the world of politics and economics. We are a member, too, of the key industry associations and organisations such as the Liechtenstein Chamber of Commerce and Industry and the Bankers Association (see chapter "Institutional Clients"). We exchange views with the Liechtenstein Financial Market Authority (FMA) on a regular basis. LLB is obliged to report to its majority shareholder, the Principality of Liechtenstein, on the course of business. Against this backdrop, there is a meeting twice a year of the senior management of the LLB Group and the Liechtenstein Head of Government. Once a year, the Group Board of Directors and the Group Executive Board invite the entire Government to a roundtable discussion.

Since the 2022 business year, a so-called Sustainability Council has been responsible within the LLB Group for coordinating our ambitious goals. It is a key governing body in our new governance structure and has five permanent members. The Group CEO acts as Chairman. The four other members are the CEOs of the subsidiaries LLB Österreich and Bank Linth as well as the Head of International Wealth Management and the Head of Group Corporate Communications & Sustainability. The Sustainability Council is tasked with overseeing the implementation of the sustainability strategy and making adjustments where necessary. The council generally convenes every three months. It informs the Group Executive Board about how climate risk management is progressing on a semi-annual basis. The Group Executive Board and the Sustainability Officer report to the Board of Directors on the implementation and progress of the sustainability strategy twice a year. [...] The Board of Directors is regularly informed about these activities. As the highest governing body at the LLB Group, the Board of Directors regularly participates in related discussions and approves the sustainability and climate strategy as well as the sustainability report as part of the annual report. At a closed meeting in 2022, it was updated on the implementation status of the various strategic initiatives and on all sustainability topics relevant to LLB. The Board of Directors is otherwise kept informed of the progress being made when it convenes. At its meeting in February 2023, the current sustainability and climate strategy is up for discussion and review. [...] * The Group Risk Committee informs the Board of Directors specifically about the risks of the climate crisis. * The Group Nomination & Compensation Committee incorporates sustainability into the incentive systems. * The Group Strategy Committee advises on adjustments to the existing sustainability strategy. * The Group Audit Committee reviews and approves the sustainability report.