SFDR Disclosures

Principal Adverse Sustainability Impact

EFG Bank (Luxembourg) S.A Succursale Italiana decided to not consider the adverse impact of investment decisions on sustainability factors due to the late release of the final RTS regulation and plan to revisit its decision by year end.

Remuneration Policy

EFG has a Groupwide Remuneration Policy that sets the framework for coherent and consistent compensation practices across the entire Group. The aim of the policy is to create a framework that facilitates long-term value creation, in line with the EFG’s corporate values and that does not leave room for unsustainable behaviour, forcing the respect of our social and governance practices. It ensures that our employees act in a responsible manner, aligning stakeholders’ and business’ needs. Variable remuneration is aligned with long term objective and to individual and company performance and the employee’s appraisal emphasises the contribution, achievement of objectives, risk management, risk awareness and behaviour under the umbrella of our values represented by the Group’s Code of Conduct, in a simple and transparent process. Any unethical behaviour or disrespect of internal and external regulation is strongly considered. Our remuneration policy does not create incentives for taking inappropriate risk, nor does it create incentives that lead to any conflicts of interest among employees or in relationships with EFG’s clients. Where appropriate the remuneration model enables for the option of reducing or cancelling prior year deferred remuneration. EFG promotes an equal compensation opportunity approach and strives to balance shareholders’ expectations and employees’ remuneration.