S1-16 – Remuneration metrics (pay gap and total remuneration)

Approach to remuneration transparency

Rentenbank pursues a transparent approach in structuring its remuneration arrangements. This is intended to increase the transparency of remuneration decisions and to enable remuneration metrics to be classified appropriately. A distinction is made between employment relationships covered by collective agreements and those not covered by collective agreements. Employees not covered by collective agreements are always remunerated above the highest collective pay grade.

Gender pay gap

The gender pay gap was 14% in the reporting year. It was calculated as the percentage difference between the average gross hourly earnings of male and female employees. The calculation is based on the contractually agreed gross annual remuneration of all employees as of 31 December 2025. Employees in inactive employment relationships, for example during parental leave, are also included here, based on their contractually agreed gross annual remuneration. Members of the Management Board were not included. Contractually agreed gross remuneration components were included in the calculation of gross annual remuneration. Fringe benefits such as contributions to the company pension scheme were not taken into account.

Ratio of annual total remuneration of the highest-paid individual to the median annual total remuneration of all employees

In addition, ESRS reporting requires disclosure of the ratio of the annual total remuneration of the highest-paid individual to the median annual total remuneration of all other employees. This metric is regarded as an additional indicator of the structure of remuneration relationships.

In the reporting year, this ratio was 5.0. The calculation is based on the contractually agreed gross annual remuneration of all employees as at 31 December 2025. Employees in inactive employment relationships, for example during parental leave, are also included here, based on their contractually agreed gross annual remuneration. For part-time employees, remuneration is calculated on a full-time equivalent basis. Members of the Management Board were not included, as they do not have employee status at Rentenbank. Contractually agreed gross remuneration components were included in the calculation of gross annual remuneration. Fringe benefits such as contributions to company pension schemes or company cars were not taken into account.