Annex – Continuation of general, E, S and G information
VP Bank makes use of the following transitional provisions as set out in Annex C to ESRS 1:
Disclosure Requirement | Name of the Disclosure Requirement | Scope | Phase-in or effective date (from Appendix C of ESRS 1) | Application of provision |
|---|---|---|---|---|
SBM-1 | Strategy, business model and value chain | All | The entity shall report the information prescribed by ESRS 2 SBM-1 paragraph 40(b) (breakdown of total revenue by significant ESRS sector) and 40(c) (list of additional significant ESRS sectors) starting from the application date specified in a Commission Delegated Act to be adopted pursuant to article 29b(1) third subparagraph, point (ii), of Directive 2013/34/EU. | Yes |
SBM-3 | Material impacts, risks and opportunities and their interaction with strategy and business model | All | The entity may omit the information prescribed by ESRS 2 SBM-3 paragraph 48(e) (anticipated financial effects) for the first year of preparation of its sustainability statement. The entity may comply with ESRS 2 SBM-3 paragraph 48(e) by reporting only qualitative disclosures for the first 3 years of preparation of its sustainability statement, if it is impracticable to prepare quantitative disclosures. | Yes |
E1-6 | Gross Scopes 1, 2, 3 and Total GHG emissions | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the datapoints on scope 3 emissions and total GHG emissions for the first year of preparation of their sustainability statement. | No |
E1-9 | Anticipated financial effects from material physical and transition risks and potential climate-related opportunities | All | The entity may comply with ESRS E1-9 by reporting only qualitative disclosures for the first 3 years of preparation of its sustainability statement, if it is impracticable to prepare quantitative disclosures. | Yes |
E2-6, E3-5, E4-6, E5-6 | Anticipated financial effects from risks and opportunities | All | The undertaking may omit the information prescribed by ESRS E2-6 for the first year of preparation of its sustainability statement. | Not material |
E4 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS E4 for the first 2 years of preparation of their sustainability statement. | Not material |
S1 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S1 for the first year of preparation of their sustainability statement. | No |
S1-7 | Characteristics of non- employee workers in the entity’s own workforce | All | The entity may omit reporting for all datapoints in this disclosure requirement for the first year of preparation of its sustainability statement. | No |
S1-8 | Collective bargaining coverage and social dialogue | All | The entity may omit this disclosure requirement with regard to its own employees in non-European Economic Area countries for the first year of preparation of its sustainability statement. | Not material |
S1-11 | Social protection | All | The entity may omit the information prescribed by ESRS S1-11 for the first year of preparation of its sustainability statement. | No |
S1-12 | Percentage of employees with disabilities | All | The entity may omit the information prescribed by ESRS S1-12 for the first year of preparation of its sustainability statement. | Not material |
S1-13 | Training and skills development | All | The entity may omit the information prescribed by ESRS S1-13 for the first year of preparation of its sustainability statement. | Not material |
S1-14 | Health and safety | All | The entity may omit the data points on cases of work-related ill-health and on number of days lost to injuries, accidents, fatalities and work-related ill health for the first year of preparation of its sustainability statement. | Not material |
S1-14 | Health and safety | All | The entity may omit reporting on non- employees for the first year of preparation of its sustainability statement. | Not material |
S1-15 | Work-life balance | All | The entity may omit the information prescribed by ESRS S1-15 for the first year of preparation of its sustainability statement. | No |
S2 -All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S2 for the first 2 years of preparation of their sustainability statement. | Not material |
S3 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S3 for the first 2 years of preparation of their sustainability statement. | Not material |
S4 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S4 for the first 2 years of preparation of their sustainability statement. | No |
This grid for assessing the independence of members of the Board of Directors (BoD members) is based on the guidelines of S&P Global's ‘Corporate Sustainability Assessment’. A member of the Board of Directors is considered to be independent and non-executive if at least four of the nine criteria listed below (including two of the first three criteria) are met.
Criteria | Stephan Zimmermann | Dr. Mauro Pedrazzini | Stefan Amstad | Philipp Elkuch | Katja Rosenplänter-Marxer | Dr. Stephan Ochsner | Barbara Ofner |
|---|---|---|---|---|---|---|---|
1. The director must not have been employed by the company in an executive capacity within the last year. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
2. The director must not accept or have a “Family Member who accepts any payments from the company or any parent or subsidiary of the company in excess of $60,000 during the current fiscal year.” other than those permitted by SEC Rule 4200 Definitions, including (i) payments arising solely from investments in the company's securities or (ii) payments under non-discretionary charitable contribution matching programs. Payments that do not meet these two criteria are disallowed. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
3. The director must not be a “Family Member of an individual who is ... employed by the company or by any parent or subsidiary of the company as an executive officer.” | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
4. The director must not be (and must not be affiliated with a company that is) an adviser or consultant to the company or a member of the company’s senior management | Fulfilled | Fulfilled | Fulfilled | Fulfilled | - | Fulfilled | Fulfilled |
5. The director must not be affiliated with a significant customer or supplier of the company. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | - | Fulfilled | Fulfilled |
6. The director must have no personal services contract(s) with the company or be a member of the company’s senior management. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
7. The director must not be affiliated with a not-for profit entity that receives significant contributions from the company. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
8. The director must not have been a partner or employee of the company’s outside auditor during the past year. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled | Fulfilled |
9. The director must not have any other conflict of interest that the board itself determines to mean they cannot be considered independent. | Fulfilled | Fulfilled | Fulfilled | Fulfilled | –1 | –1 | Fulfilled |
Independent acc. to S&P Global CSA definition | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Independent acc. to VP Bank definition | Yes | Yes | Yes | Yes | No1 | No1 | Yes |
1Board members that are nominated as representatives of VP Bank AG anchor shareholders are not considered to be independent directors as of VP Banks internal definition.
Sustainability topics for which no potential and/or actual IROs have been identified in step B of EFRAG’s ESRS implementation guidance documents (IG 1) are not used to assess and identify material IROs in step C. Therefore, they are not reported within the ambit of disclosure requirements for these topics. No potential and/or actual IROs were identified for the sustainability topics listed in the following table.
Code | Topic | Sub-topic | Sub-sub topic |
S1 | Own workforce | Working conditions | Secure employment |
Adequate wages | |||
Health and safety | |||
Other work-related rights | Child labour | ||
Forced labour | |||
Adequate housing | |||
Privacy | |||
S3 | Affected communities | Communities' economic, social and cultural rights | Adequate housing |
Adequate food | |||
Water and sanitation | |||
Land-related impacts | |||
Security-related impacts | |||
Communities Civil and political rights | Freedom of expression | ||
Freedom of assembly | |||
Impacts on human rights defenders | |||
Particular rights of indigenous communities | Free, prior and informed consent | ||
Self-determination | |||
Cultural rights | |||
S4 | Consumers and end-users | Information-related impacts of consumers and/or end-users | Freedom of expression |
Personal safety of consumers and/or end users | Health and safety | ||
Security of a person | |||
Protection of children | |||
G1 | Business conduct | Animal welfare | - |
Management of relationships with suppliers including payment practices | - |
If the undertaking omits the information prescribed by a data point that derives from other EU legislation listed in Annex B ESRS 2, it shall explicitly state that the information in question is not material.
Disclosure requirement | Data point | Description | SFDR reference | Pillar 3 reference | Benchmark regulation reference | EU Climate Law reference | Reference |
|---|---|---|---|---|---|---|---|
General information | |||||||
ESRS 2 GOV-1 | 21 (d) | Board’s gender diversity | x | x | ESRS 2 GOV-1 | ||
ESRS 2 GOV-1 | 21 | Percentage of board members who are independent | x | ESRS 2 GOV-1 | |||
ESRS 2 GOV-4 | 30 | Statement on due diligence | x | ESRS 2 GOV-4 | |||
ESRS 2 SBM-1 | 40 (d) i | Involvement in activities related to fossil fuel activities | x | x | x | Non-material | |
ESRS 2 SBM-1 | 40 (d) ii | Involvement in activities related to chemical production | x | x | Non-material | ||
ESRS 2 SBM-1 | 40 (d) iii | Involvement in activities related to controversial weapons | x | x | Non-material | ||
ESRS 2 SBM-1 | 40 (d) iv | Involvement in activities related to cultivation and production of tobacco | x | Non-material | |||
Environmental information | |||||||
E1-1 | 14 | Transition plan to reach climate neutrality by 2050 | x | ESRS E1-1 | |||
E1-1 | 16 (g) | Undertakings excluded from Paris-aligned Benchmarks | x | x | Non-material | ||
E1-4 | 34 | GHG emission reduction targets | x | x | x | ||
E1-5 | 38 | Energy consumption from fossil sources disaggregated by sources (only high climate impact sectors) | x | Non-material | |||
E1-5 | 37 | Energy consumption and mix | x | Non-material | |||
E1-5 | 40 bis 43 | Energy intensity associated with activities in high climate impact sectors | x | Non-material | |||
E1-6 | 44 | Gross Scopes 1, 2, 3 and Total GHG emissions | x | x | x | ESRS E1-6 | |
E1-6 | 53 bis 55 | Gross GHG emissions intensity | x | x | x | ESRS E1-6 | |
E1-7 | 56 | GHG removals and carbon credits | x | Non-material | |||
E1-9 | 66 | Exposure of the benchmark portfolio to climate-related physical risks | x | Non-material | |||
E1-9 | 66 (a) | Disaggregation of monetary amounts by acute and chronic physical risk | x | Non-material | |||
E1-9 | 66 (c ) | Location of significant assets at material physical risk | x | Non-material | |||
E1-9 | 67 (c | Breakdown of the carrying value of its real estate assets by energy-efficiency classes | x | Non-material | |||
E1-9 | 69 | Degree of exposure of the portfolio to climate-related opportunities | x | Non-material | |||
E2-4 | 28 | Amount of each pollutant listed in Annex II of the E-PRTR Regulation (European Pollutant Release and Transfer Register) emitted to air, water and soil | x | Non-material | |||
E3-1 | 9 | Water and marine resources | x | Non-material | |||
E3-1 | 13 | Dedicated policy | x | Non-material | |||
E3-1 | 14 | Sustainable oceans and seas | x | Non-material | |||
E3-4 | 28 (c ) | Total water recycled and reused | x | Non-material | |||
E3-4 | 29 | Total water consumption in m3 per net revenue on own operations | x | Non-material | |||
E-4 IRO-1 | 16 (a) i | (Data points in SBM-1) | x | Non-material | |||
E-4 IRO-1 | 16 (b) | (Data points in SBM-1) | x | Non-material | |||
E-4 IRO-1 | 16 (c ) | (Data points in SBM-1) | x | Non-material | |||
E4-2 | 24 (b) | Sustainable land / agriculture practices or policies | x | Non-material | |||
E4-2 | 24 (c ) | Sustainable oceans / seas practices or policies | x | Non-material | |||
E4-2 | 24 | Policies to address deforestation | x | Non-material | |||
E5-5 | 37 (d) | Non-recycled waste | x | Non-material | |||
E5-5 | 39 | Hazardous waste and radioactive waste | x | Non-material | |||
Social information | |||||||
S-1 SBM-3 | 14 (f) | Risk of incidents of forced labour | x | ESRS S-1 SBM-3 | |||
S-1 SBM-3 | 14 (g) | Risk of incidents of child labour | x | ESRS S-1 SBM-3 | |||
S1-1 | 20 | Human rights policy commitments | x | ESRS S1-1 | |||
S1-1 | 21 | Due diligence policies on issues addressed by the fundamental International Labour Organisation Conventions 1 to 8 | x | ESRS S1-1 | |||
S1-1 | 22 | Processes and measures for preventing trafficking in human beings | x | ESRS S1-1 | |||
S1-1 | 23 | Workplace accident prevention policy or management system | x | ESRS S1-1 | |||
S1-3 | 32(c ) | Grievance/complaints handling mechanisms | x | ESRS S1-3 | |||
S1-14 | 88 (b) und (c) | Number of fatalities and number and rate of work-related accidents | x | x | ESRS S1-14 | ||
S1-14 | 88 | Number of days lost to injuries, accidents, fatalities or illness | x | ESRS S1-14 | |||
S1-16 | 97 (a) | Unadjusted gender pay gap | x | x | ESRS S1-16 | ||
S1-16 | 97 (b) | Excessive CEO pay ratio | x | ESRS S1-16 | |||
S1-17 | 103 (a) | Incidents of discrimination | x | ESRS S1-17 | |||
S1-17 | 104 (a) | Non-respect of UNGPs on Business and Human Rights and OECD Guidelines | x | x | ESRS S1-17 | ||
S-2 SBM 3 | 11 (b) | Significant risk of child labour or forced labour in the value chain | x | Non-material | |||
S2-1 | 17 | Human rights policy commitments | x | Non-material | |||
S2-1 | 18 | Policies related to value chain workers | x | Non-material | |||
S2-1 | 19 | Non-respect of UNGPs on Business and Human Rights and OECD Guidelines | x | x | Non-material | ||
S2-1 | 19 | Due diligence policies on issues addressed by the fundamental International Labour Organisation Conventions 1 to 8 | x | Non-material | |||
S2-4 | 36 | Human rights issues and incidents connected to its upstream and downstream value chain | x | Non-material | |||
S3-1 | 16 | Human rights policy commitments | x | Non-material | |||
S3-1 | 17 | Non-respect of UNGPs on Business and Human Rights, ILO principles or OECD Guidelines | x | x | Non-material | ||
S3-4 | 36 | Human rights issues and incidents | x | Non-material | |||
S4-1 | 16 | Policies related to consumers and end-users | x | ESRS S4-1 | |||
S4-1 | 17 | Non-respect of UNGPs on Business and Human Rights and OECD Guidelines | x | x | ESRS S4-1 | ||
S4-4 | 35 | Human rights issues and incidents | x | ESRS S4-4 | |||
Governance information | |||||||
G1-1 | 10 (b) | United Nations Convention against Corruption | x | ESRS G1-1 | |||
G1-1 | 10 (d) | Protection of whistle-blowers | x | ESRS G1-1 | |||
G1-4 | 24 (a) | Fines for violation of anti-corruption and anti-bribery laws | x | x | ESRS G1-4 | ||
G1-4 | 24 (b) | Standards of anti-corruption and anti- bribery | x | ESRS G1-4 |
Topic | Description | Reference |
Governance | Board's oversight of climate-related risks and opportunities. | ESRS 2 GOV-1 |
Management's role in assessing and managing climate-related risks and opportunities | ESRS 2 GOV-1 | |
Strategy | Climate-related risks and opportunities the company has identified over the short, medium, and long term. | ESRS E1 SBM-3 ESRS E1-1 |
Impact of climate-related risks and opportunities on the company's businesses, strategy, and financial planning. | ESRS E1 SBM-3 ESRS E1-1 | |
Resilience of the company's strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. | ESRS E1-9 | |
Risk Management | Processes for identifying and assessing climate-related risks | ESRS E1 IRO-1 |
Processes for managing climate-related risks. | ESRS E1-2 | |
Processes for identifying, assessing, and managing climate-related risks are integrated into the company's overall risk management. | ESRS E1-2 | |
Metrics & Targets | Metrics used by the company to assess climate-related risks and opportunities in line with its strategy and risk management process. | ESRS 2 MDR-M |
Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | ESRS E1-6 | |
Targets used by the company to manage climate-related risks and opportunities and performance against targets. | ESRS 2 MDR-T ESRS E1-4 |
Topic | Principle | Description | Reference |
Human Rights | 1 | Businesses should support and respect the protection of internationally proclaimed human rights. | ESRS 2 GOV-4 ESRS 2 MDR-P ESRS S1-17 |
2 | Businesses should make sure that they are not complicit in human rights abuses. | ESRS 2 GOV-4 ESRS 2 MDR-P ESRS S1-17 | |
Labour | 3 | Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; | ESRS S1-2 |
4 | Businesses should uphold the elimination of all forms of forced and compulsory labour. | ESRS G1 IRO-1 | |
5 | Businesses should uphold the effective abolition of child labour. | ESRS G1 IRO-1 | |
6 | Businesses should uphold the elimination of discrimination in respect of employment and occupation | ESRS S1-1 ESRS S1-3 ESRS S1-4 | |
Environment | 7 | Businesses should support a precautionary approach to environmental challenges | ESRS 2 MDR-A ESRS E1 |
8 | Businesses should undertake initiatives to promote greater environmental responsibility. | ESRS 2 MDR-A ESRS E1-3 | |
9 | Businesses should encourage the development and diffusion of environmentally friendly technologies. | ESRS E1 | |
Anti-Corruption | 10 | Businesses should work against corruption in all its forms, including extortion and bribery. | ESRS G1 IRO-1 ESRS G1-1 ESRS G1-3 |
This section contains the Principles for Responsible Banking (PRB) Summary Table for VP Bank AG for the fiscal year 2025. In order to keep this statement concise, not all necessary information is included in this short summary. Interested readers are referred to the relevant chapters of this Sustainability Report, as referenced in the tables below.
Principle 1: Alignment | Principle 2: Impact & Target Setting | Principle 3: Clients & Customers | |
Content | 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. |
Links & references | 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 |
Principle 4: Stakeholders | Principle 5: Governance & Culture | Principle 6: Transparency & Accountability | |
Content | 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 |
This table discloses significant adjustments and changes compared with the previous year's report.
Disclosure Requirement | Change | Change |
|---|---|---|
BP-1 | Scope of consolidation | Liquidation of DIS AG in the current financial year. |
BP-1 | Scope of consolidation | Minority stake in EMBLA Fund Management AG. |
BP-2 | DMA | Additional information on the annual DMA review. |
GOV-1 | BoD / GEM | Update on the members of the Board of Directors (BoD) and Group Executive Management (GEM). |
GOV-5 | Controls | Information on the multi-stage control process for sustainability reporting, which has been integrated into the existing internal control system (ICS). |
SBM-2 | Memberships | Withdrawal from voluntary commitments and memberships: Net-zero Banking Alliance (NZBA) and Advance. |
EU Taxonomy | Omnibus I | Explanation of why the taxonomy disclosures for 2025 follow the previous framework. |
E1-1 | Transition plan | Additions to the climate transition plan and the associated climate scenario analyses. |
E1-4 | Sectoral Decarbonisation Approach | Restatement of physical intensity values per sector for 2024. |
E1-6 | Transition plan | Scope 3, Category 1 (Purchased Goods & Services) is included in the current fiscal year due to improved data availability. |
E1-6 | GHG Invetory | Scope 3, Categories 1 and 2 are now calculated using the spend-based method. |
E1-6 | GHG Invetory | Adjustment of the calculation logic for financed emissions by mortgage receivables. |
S1-3 | Employees | The description on "Movis" has been expanded to include mental health, and additional points have been added to the table to expand on VP Bank's health and safety measures. |
S4-2 | Processes for engaging with clients | Completely revised. |
S4-4 | Financial Inclusion | Minimum investment required for the Plus mandate and advisory package has been reduced from CHF 1 million to CHF 250,000. |
S4-4 | Financial Inclusion | Access to professional asset management from CHF 10,000 through "VP Vida Go" mandate. |
G1 IRO-1 | Policies | Two policies have been added to the table: KYC-Standards for Prospecting, On-Boarding, Review, and Off-Boarding Processes (GS-11b) und Group-wide Risk Scoring (GS-11n). |
G1-1 | Corporate Culture | Completely revised. |
G1-4 | Corruption and bribery | Adjustment of the data collection logic. |