EXMAR report 2025

3.2 Environment 103 BU ACTIVITY DESCRIPTION DELEGATED ACT SECTION, APPENDIX I ELIGIBLE? YES NO SHIPPING Shipping fleet involved in transport of ammonia & LPG ■  H50.20/6.10: Sea and coastal freight transport ■  H50.10/6.12: Retrofitting of sea and coastal freight and passenger water transport ■  No dedicated NACE code/4: Energy H50.20/6.10 ■  Dedicated NACE code/4: EXMAR shipping transports energy. This delegated act focuses on power generation, production of energy, and storage of electricity, hydrogen & thermal energy INFRA- STRUCTURE Exploitation of FSRU & FLNG units and accommodation barges ■  No dedicated NACE code/4.11: Energy – storage of thermal energy ■  D35.11/4.3: Energy – Electricity generation from wind-power construction or operation of electricity generation facilities that produce electricity from wind power ■  Dedicated NACE code/4.11: EXMAR transforms and provides storage of energy. This delegated act refers to geothermal energy. ■  D35.11/4.3 & M71.12/9.1: EXMAR’s engineering services are not only dedicated to the adaptation of climate change. Supporting services & engineering (DVO/ EOC) ■  M71.12/9.1: Engineering activities and related technical consultancy dedicated to the adaptation to climate change SERVICES EXMAR Ship Management (Belgium, India, Singapore & Seavie Caribbean) ■  H50.20/6.10: Sea and coastal freight transport ■  H50.10/6.11: Sea and coastal passenger water transportation ■  D35.11/4.3: Energy – Electricity generation from wind-power construction or operation of electricity generation facilities that produce electricity from wind power ■  F42/7.6: Installation, maintenance and repair of renewable energy technologies H50.20/6.10 ■  D35.11/4.3 - H50.10/6.11 - F42/7.6: Portion of services related to passenger transport or possible inclusion in connection with offshore wind and solar photovoltaic systems, are insignificant. 3.2.6.2 ALIGNMENT ASSESSMENT Where eligibility concerns the potential of a company to contribute to a sustainable future, activity alignment provides a view of our current sustainability status. Taxonomy-alignment implies that an activity complies with the requirements enumerated specifically for this activity in the Taxonomy. In short, an activity is aligned only when it is compliant with:  the Technical Screening Criteria (TSC), which define the conditions for economic activities to be considered environmentally sustainable  the Do no Significant Harm criteria (DNSH), which ensure that activities substantially contribute to environmental objectives while avoiding harm to other objectives  the Minimal Safeguards linked to this activity, containing a set of standards that ensure compliance with human rights, labor rights, bribery, taxation and fair competition. Based on the above, as a first step, compliance of our activities with the Technical Screening Criteria was assessed. For shipping in general, a crucial requirement in the list of criteria is the one of zero direct tailpipe CO 2 emissions. A buffer period applied until the end of 2025 to allow a certain number of direct emissions, depending on the use of the vessel. Generally, vessels will meet the criteria if they derive a minimum of 25% of their energy from zero direct CO 2 emission fuels. However, currently, such fuels are only very limited available and technological breakthroughs are still ahead of us. Our vessels Flanders Pioneer and Flanders Innovation, as well as new build vessels (dual-fuel engine, capable to run on LPG or ammonia) do comply with substantial criteria 1d (Commission Delegated Regulation (EU) 2021/239, L442/111): “Where technologically and economically not feasible to comply with the criterion on zero direct tailpipe CO 2 emissions, until 31 December 2025, the vessels have an attained Energy Efficiency Design Index (EEDI) value 10% below the EEDI requirements applicable on 1 April 2022 if the vessels are able to run on zero direct (tailpipe) CO 2 emission fuels or on fuels from renewable sources.”