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VP Bank's business model and strategy encompass several core areas. First and foremost, VP Bank is a partner for financial intermediaries as well as wealthy private clients on an international level. In its home market of Liechtenstein, VP Bank also offers comprehensive retail and commercial banking services. VP Bank is divided into the Liechtenstein & BVI, International (Europe & Asia) and Asset Servicing segments. VP Bank Asset Servicing encompasses the fund administration and custodian bank activities within VP Bank Group. VP Bank works continuously on economically viable sustainability measures and their targeted anchoring in the various business areas. VP Bank can contribute to the achievement of global sustainability goals primarily through its range of products and services. It is convinced that this will create long-term added value for its stakeholders. VP Bank recognises environmental, social and corporate governance factors as relevant to long-term financial success and ensures that the management of the core business units takes responsibility for sustainability measures. As part of responsible business practice, minimum protective measures are applied to minimise the negative impact of our business activities. ☒ UN Guiding Principles on Business and Human Rights ☒ International Labour Organization fundamental conventions (ILO) ☒ UN Global Compact (UNGC) ☒ Task Force on Climate-related Financial Disclosures (TCFD) ☒ Net-Zero Banking Alliance (NZBA) ☒ Principles for Responsible Investment (PRI)

In the 2023/24 period, VP Bank conducted a double materiality analysis based on the EFRAG IG 1 implementation guidelines. VP Bank began the DMA process with an in-depth review of the business model, the operational structure and the value chain. The upstream suppliers, operational activities and downstream activities in relation to clients as well as the lending and investment business were systematically analysed. Based on this, actual and potential impacts, risks and opportunities were identified and assessed. As a result of the double materiality analysis, sustainability topics were identified as material for VP Bank in the following topic-related ESRS standards: Climate change (E1), Own workforce (S1), Consumers and end users (S4), Corporate governance (G1). In the current financial year VP Bank conducted its annual DMA review process, which confirmed the adequacy and completeness of the existing DMA and retained the IROs already identified. Based on the DMA and identified IROs, VP Bank has defined the following two impact areas in the context of the PRB: 1. Climate: At VP Bank, we prioritise our own on-balance sheet investments and use a sectoral decarbonisation approach (SDA) to help us achieve our net-zero ambition by 2050. We use physical intensity metrics to focus on efficiency improvements. This approach is in line with our aim to finance the transition to a low-carbon economy. A detailed description of the target and corresponding KPI can be found in Chapter E1-4. 2. Financial Health: VP Bank put a focus on clients meeting their financial obligations and ensuring affordability in the mortgage business. The purpose of calculating affordability is to estimate the borrower’s ability to repay interest and capital and to afford the normal maintenance of the real estate. A detailed description is provided in chapter S4-1 and progress on the corresponding KPI as part of the ESG Scorecard in Chapter ESRS 2 MDR-M.

VP Bank's clients, i.e. consumers and end users, are at the centre of our activities. The trust of our clients is of central importance. VP Bank earns this trust through active dialogue, responsible handling of client funds and transparent communication and pricing. The structured investment process, which is based on the goal-based advisory model, as well as the assurance of affordability in the lending business are key elements in this regard. The impacts, risks and opportunities identified in relation to our clients result primarily from our collaboration with private clients and relate to aspects of information quality and transparency, affordability in lending and mis-selling of financial products.

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ESRS 2 SBM-1 ESRS 2 SBM-2 ESRS G1 IRO-1

ESRS 2 SBM-3 ESRS 2 IRO-1 ESRS 2 MDR-M ESRS 2 MDR-T ESRS E1-1 ESRS E1-4 ESRS E1 SBM-3

ESRS S4 SBM-2 ESRS S4 SBM-3 ESRS S4-1 ESRS S4-2

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For VP Bank, stakeholders include all organisations and persons that place financial, legal, operational or professional demands on the undertaking. Stakeholder dialogue plays a central role in the implementation and review of the bank’s sustainability efforts (see Table 1). VP Bank engages in dialogue with internal and external stakeholder groups. Detailed information on stakeholder engagement in the double materiality analysis process and how this process has been shaped by VP Bank’s stakeholders can be found in chapter IRO-1. The sustainability-related measures and targets defined with reference to strategic objectives are identified based on the results of the materiality analysis. This means that stakeholders’ opinions and expectations are incorporated into strategic adjustments.

VP Bank attaches great importance to a culture that fosters cross-team and cross-location collaboration and to actively living its corporate values: ‘we achieve’, ‘we explore’, ‘we care’. VP Bank strives to promote a culture of responsible action by means of group-wide training and awareness-raising measures. The Board of Directors defines the sustainability strategy and coordinates it with the corporate strategy, including sustainability targets. The Board of Directors bears overall responsibility for risk management, including ESG risks and climate-related financial risks. A progress report in the form of the ESG scorecard is submitted to the Board of Directors as part of the Quarterly Risk Report. This contains the metrics and targets as well as the current status of the risks, opportunities and impacts (IRO) identified as part of the DMA. No specific sustainability aspects are taken into account regarding compensation for the Members of the Board of Directors.

PwC Switzerland, as independent external auditor, has performed a limited assurance engagement on the consolidated sustainability reporting of VP Bank AG (the Group), which is included in the section ‘Sustainability Statement’ in the Annual Report 2025, for the year ended 31 December 2025.

Links & references

ESRS 2 SBM-2 ESRS 2 IRO-1 Corporate Governance and Compensation Report / Corporate Governance

ESRS 2 GOV-1 ESRS 2 GOV-2 ESRS 2 GOV-3 ESRS S1-4 Fiscal Year 2025 / Employees

Auditor's report