EXMAR report 2025

3.1 Sustainability at EXMAR 61 3.1.1 Our reporting journey At EXMAR, reporting on our sustainability strategy, risks and initiatives is nothing new. Already before the introduction of standardized reporting, we executed materiality assessments and created sustainability disclosures, elaborating on our initiatives while referring to the Sustainable Development Goals (SDGs). In addition, we have always paid attention to – and described - regulatory developments, demonstrating our anticipation to regulations such as the EU Taxonomy. As of 2024, EXMAR is subject to the Corporate Sustainability Reporting Directive (CSRD): a regulatory framework established by the European Union (EU) to enhance and standardize sustainability reporting among companies, leading to transparent, comparable and reliable information. Sustainability disclosures must be developed according to the European Sustainability Reporting Standards (ESRS), providing guidelines on what to report and how, by means of Disclosure Requirements (DR) and Application Requirements (AR). In addition, the starting point for reporting must be a Double Materiality Assessment (DMA) as companies shall report on sustainability matters that are material from an impact and/or financial point of view. Through the DMA, Impacts, Risks and Opportunities (IRO) are identified throughout the entire value chain, which determine the materiality of specific topics and, hence, which reporting requirements apply. A detailed explanation of our DMA process is provided further on in this report. Our first-time reporting under CSRD in 2024 presented many challenges and required much effort. A more structured and thorough reporting framework was established, following a comprehensive approach, integrating strategic and operational initiatives. Many financial and human investments were made to implement an ESG reporting tool, enhance (auditability of) data collection processes and execute the first full-scale CO 2 accounting across the entire company, amongst other actions. The actions of 2024 were continued throughout 2025 in preparation of the second CSRD-compliant report, with enhanced focus on automation, efficiency, clarity of data flows and internal controls and validations. In first instance, processes have been created and/or optimized to streamline data collection and reporting. Secondly, and more importantly, diving into the data to comply with the DRs has revealed what is, and what is not, present. Data gaps or uncertainties have stimulated conversations at different organizational levels to define priorities and action plans, set targets and develop monitoring processes. However, the realization of ambitions that have been described in our report for 2024 (e.g., the development of a transition plan or a more elaborate resilience analysis) has been delayed by one year. This decision was made due to the uncertainties concerning Omnibus – changes in CSRD scope and requirements. On the 26 th of February 2026, the Omnibus I Directive was published in the European Union Official Journal, which amends the thresholds determining the scope of companies subject to CSRD and CSDDD. Throughout 2026, we will assess the implications, implement the changes and take steps towards realization of ambitions and promises made. This fits nicely with the progress we are making concerning ESG and sustainability reporting, demonstrating EXMAR’s ambitious paths and drive for creativity and innovation. INDUSTRY INFLUENCE INNOVATION & ENGINEERING HIGH REGULATORY STANDARD SAFETY MATURITY ACT AS ONE FAMILY STRONG DESIGN GAS MOLECULES AS TRANSITION EFFICIENT OPERATION Governance Social Environment