EXMAR report 2025

3.5 APPENDIX 129 3.5.1.4 E5 – RESOURCE USE AND CIRCULAR ECONOMY ESRS E5 is non-material for EXMAR, based on the following considerations:   Limited role in the circular economy: EXMAR does not actively participate in the circular economy. Our owned vessels are sold well before reaching their recycling age. Furthermore, an essential clause is included in sales contracts, requiring the vessel to remain operational for at least one-year post-sale, ensuring continued use rather than immediate recycling.    No end-product deliveries: As a service provider, EXMAR doesn’t deliver end products. This means that we are not directly involved in product lifecycles or considerations around reuse, recycling, or waste management at the consumer level.    Minimal raw material use and waste production: The nature of operations requires minimal raw materials and the amount of waste generated is comparatively low. The focus on services, rather than manufacturing or heavy industrial activities, significantly reduces material consumption and waste footprint.   Given these factors, E5 is not material to our sustainability reporting, as the scope of our operations inherently minimizes relevance to resource use and circular economy considerations.   3.5.1.5 S2 – WORKERS IN THE VALUE CHAIN ESRS S2 is non-material for EXMAR, for the following reasons:   Limited interaction with value chain workers: The nature of our operations, which primarily take place in international waters or as a service provider in local projects, inherently limits interaction with workers in the value chain.     Strict adherence to company procedures : In instances where workers from our value chain come on board of the vessels, they are required to comply with EXMAR’s established health, safety and general working condition procedures. These measures create consistent standards across all personnel on board, regardless of their employment affiliation.   Service-oriented business model: As a service provider, the operational model does not depend heavily on extended value chin activities involving large numbers of external workers. This reduces the significance of risks or impacts associated with value chain labour issues.   Given these considerations, S2 has been deemed non-material for our sustainability statement, as the nature of our operations inherently minimize relevance to the concerns addressed under this standard.   3.5.1.6 S3 – AFFECTED COMMUNITIES ESRS S3 is non-material for EXMAR, based on the following considerations:   Operations in international waters: A significant portion of the activities takes place in international waters, where there is no direct interaction with local communities.    Service-oriented projects in local areas : In instances where EXMAR operates as a service provider in local projects, its engagement remains focused on delivering specific services rather than interacting with local communities on economic, social, cultural, civil or political matters.    Minimal community impact: The operational model doesn’t entail significant involvement in or impact on local communities, their rights or their well-being. This naturally limits the material relevance of community-related concerns to our activities.   Given these factors, S3 has been deemed non-material for our sustainability reporting, as the nature of our operations inherently minimizes relevance to the concerns addressed under this standard.  3.5.1.7 S4 – CONSUMERS AND END-USERS ESRS S4 is non-material for EXMAR, based on the following considerations:   Business-to-business operating model: EXMAR operates exclusively within a B2B framework. As such, we don’t have direct relationships with individual end-users or consumers.    No consumer-focused goods or services : Costumers do not acquire, consume or use our goods and services for personal use. This further minimizes any potential impact on or responsibility for individual consumers/end-users.    Service-oriented operations: As a service provider, our activities are focused on fulfilling contractual obligations to other businesses rather than delivering products or services to the consumer market.   Given these factors, S3 has been deemed non-material for our sustainability reporting, as the absence of end-users or consumers in EXMAR’s business model renders the concerns addressed under this standard, irrelevant for our operations.