EXMAR report 2023

ESG 53 2023 Achievements The quest for improvements in safety and care for the environment is a journey that never stops. In 2023 several new important initiatives were taken on the sustainability side at EXMAR: • EXMAR acknowledges the challenge of the combined responsibilities of Investor Relations and ESG. To be able to move forward with ESG, EXMAR split the function in two full-time equivalents, Director Structured Finance & Investor Relations, and a Head of ESG, with direct reporting to the CFO as per 01/01/2024. • EXMAR Shipmanagement has a revised, goal-oriented Safety Management System (SMS) which was audited by several external instances with zero remarks. This encouraged us to keep on improving on clear visualization and structure in the SMS to support the crew in the changing environment. • EXMAR Shipping BV, the joint venture between SEAPEAK and EXMAR, concluded the group’s first ever assurance on our sustainability KPI’s of our sustainability linked loan. In the ambitious KPI’s EXMAR Shipping commits to reduce its carbon footprint, minimize plastic waste and be a reference for seafarer wellbeing. • EXMAR is constantly adapting to the changing regulatory landscape. • This 2023 report incorporates the new requirements towards decarbonisation under the amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI with the annual operational Carbon Intensity Indicator (CII) and associated CII rating. • EXMAR and EXMAR Shipmanagement together prepared for the EU Emission Trading Scheme (ETS) entering into force on 01/01/2024. This is one of the measures to reduce, together with all stakeholders, greenhouse gas emissions of vessels. • EXMAR is also actively preparing its double materiality assessment as a starting point to be compliant with the upcoming Corporate Sustainability Reporting Directive (CSRD) for the reporting year 2024. ESG Taskforce EXMAR has a multidisciplinary ESG taskforce consisting of members of its senior management as well as operational, technical and corporate profiles to enhance our Company’s ESG profile and uphold its key principles. This overarching team ensures ESG strategies are embedded in the core of the organisation and drives innovation in all operational aspects. With ever increasing and changing requirements from society, regulators and the financial sector, incorporating ESG best practices into our strategy, daily business and improving our environmental, social and governance efforts is a constant process. The ESG taskforce advises on new and monitors ongoing projects, closely follows-up regulatory changes and defines ESG targets accordingly for EXMAR at group level. Necessary changes are communicated by the taskforce through all levels of the company and performance indicators, over the different company layers, followed-up. In addition, members of the taskforce are active members of various industry workgroups. ESG TASKFORCE INTERACTION BOARD OF DIRECTORS ESG TASKFORCE EXMAR EXECUTIVE COMMITEE EXMAR SHIPMANAGMENT ESM MANAGEMENT COMMITEE SUPPORTING SERVICES & ENGINEERING Legal Chartering Finance & administration Human Recources Group Controlling Technical Business Unit Shipping Business Unit Infrastructure HSEQ Supporting Services (DVO, EOC, and Bexco) DVO EOC Bexco EXMAR offices worldwide Wah Kwong Shipmanagement