EXMAR report 2025

3.2 Environment 99 ACTION VALUE COMMENTS REF. FINANCIAL STATEMENTS EU TAXONOMY Vessel performance platform OPEX Performance platform 400,038 S-insight weather routing, Emission connect & digital performance twin Note 6 – Vessel expenses Included OPEX Follow up CII & other regulations - HSEQ overhead costs already incl. in social Note 9 – Personnel expenses Included Energy efficiency OPEX Energy efficiency training 154,225 Note 9 - ¨Personnel expenses Included OPEX ISO 50001 certification 10,000 Note 6 – Vessel expenses Included Optimize scope 3 emissions OPEX GHG calculation software 68,311 New GHG accounting logic Note 8 – G&A expenses Excluded OPEX Suppliers’ actual footprint - ProcureShip is in testing modus and will be implemented in 2025 N/A N/A OPEX Optimization of crew changes & related business travel - Tilia is in testing modus and will be implemented in 2025 N/A N/A Vessel portfolio CAPEX New building projects 5,161,084 Technical support vessel construction – other costs are part of JV N/A (intercompany expense) N/A (intercompany expense) CAPEX Efficient process equipment for infrastructure projects - No new build infrastructure N/A N/A Stakeholders OPEX Low carbon or biofuel blends - Dialogue does not have significant costs N/A N/A CAPEX Shore power connection & electrical drivers - No new build infrastructure N/A N/A TOTAL MIX 5,793,658 The table above provides a link between our action plan and financial statements and highlights eligible activities under the EU Taxonomy. Note that currently, none of our activities are Taxonomy aligned. We are investigating to align some of our eligible activities as of 2026. More information on the EU Taxonomy is provided further on in this chapter. 3.2.5.4 DECARBONIZATION LEVERS Decarbonization levers are strategic actions implemented to reduce GHG emissions, improve sustainability and transition industries towards a low-carbon economy. These levers play a critical role in mitigating climate change and ensuring compliance with global regulations. At EXMAR, the focus lays on two primary decarbonization levers, in accordance with our actions described above: energy efficiency and fuel switching. Through this prioritization, we aim to optimize operations, reduce carbon intensity and contribute to a more sustainable maritime and energy sector. The quantitative contribution of the levers below (and potentially additional levers) will be defined after an in-depth analysis of the drivers behind our CO 2 emission footprint. We do expect that, due to fleet expansion, absolute emissions will rise in the short term. On the longer term, the dual-fueled vessels (LPG and NH 3 ) might be the decarbonization levers that contribute the most to obtain these targets. They will also have a significant effect on the fleet’s GHG intensity. 3.2.5.4.1 Energy efficiency Strong design EXMAR supports R&D for low emission technologies and is exploring the use of commercially viable zero/ low emission fuel propelled vessels. We expect this impact to be gradual over the medium to long term. Accordingly, EXMAR is continuously evaluating the commercial viability of its fleet and actively invests and divests to maintain a state-of-the-art fleet.