EXMAR report 2025

3.2 Environment 102 3.2.6  EU Taxonomy To meet the EU’s climate and energy targets for 2030 and reach the objectives of the European Green Deal, investments must be directed towards sustainable projects and activities. Therefore, the action plan on financing sustainable growth, called for the creation of a common classification system for sustainable economic activities: the EU Taxonomy. The EU Taxonomy allows companies, investors and policymakers to share a common definition of economic activities that can be considered environmentally sustainable. The basis of the EU Taxonomy is established by the Taxonomy Regulation, which entered into force on 12 July 2020. This regulation sets out six environmental objectives: 1. Climate change mitigation 2. Climate change adaptation 3. The sustainable use and protection of water and marine resources 4. The transition to a circular economy 5. Pollution prevention and control 6. The protection and restoration of biodiversity and ecosystems Delegated Acts specify the environmentally sustainable economic activities which the EU currently regards as making a substantial contribution to those objectives. In addition, they define the technical screening criteria which the activities must meet to be Taxonomy-aligned. The following disclosures are prepared in accordance with Article 8 of Regulation (EU) 2020/852 (the ‘EU Taxonomy Regulation’) and the Commission Delegated Regulation (EU) 2021/178 (the ‘Disclosures Delegated Act’), as amended, which specifies the content and presentation of the Key Performance Indicators (KPIs) for turnover, capital expenditure (CapEx) and operating expenditure (OpEx). Following the regulation, companies must undertake four steps: 1. assess the eligibility of their activities 2. assess the alignment of their activities with the Taxonomy to be able to label these activities as sustainable 3. calculate the financial KPIs related to aligned activities 4. report the financial KPIs. As one of the main players in the maritime and offshore services industry, these EU efforts to screen, identify and address sustainable growth, are very welcome at EXMAR. Besides transporting ammonia and LPG and transforming LNG - all considered as transitional fuels under the EU Taxonomy – we pursue the development of sustainable solutions dedicated to the energy transition (as described throughout this report). The texts below describe our EU Taxonomy process and provide an overview of eligible/aligned activities and financial KPIs. EXMAR has applied the same approach as for 2024. An evaluation was made of the simplification measures introduced by the Commission Delegated Regulation (EU) 2026/73 (the ‘Omnibus Simplification Delegated Act’), which introduces streamlined disclosure templates, the application of a 10% materiality threshold for KPI calculations, as well as other simplification measures. For the 2025 reporting period, we have elected not to apply these simplification options. EXMAR Group continues to report full disclosures for Turnover, CapEx, and OpEx KPIs to ensure maximum transparency and year-on-year comparability of its sustainability performance. 3.2.6.1 ELIGIBILITY ASSESSMENT EXMAR’s eligibility assessment analyses the activities described in the Taxonomy Climate Delegated Act and the Environmental Delegated Act, matching these with our economic activities. We have evaluated eligibility through a methodological approach, including a detailed analysis of our activities against all six climate and environmental objectives. Additionally, we have mapped a correspondence table of business activities and accounting nomenclature, as described in the Technical Expert Group (TEG) report and the Taxonomy Climate Delegated Act. In the analysis of our business activities, several sectors were considered as eligible for ‘Climate change mitigation’. The result of the assessment is provided below and demonstrates activities related to the shipping segment, ship management services and supporting services & engineering eligible in line with Annex I of the Climate Delegated Act. Other activities were identified as non-eligible as there was no perfect fit with the description of the activities in the Delegated Acts.