EXMAR report 2025

3.4 GOVERNANCE 123 3.4.2 ESG experience and skills As sustainability-related expertise is embedded across different levels in the company (e.g., with operational teams and crew members on board of our vessels or in key roles staffed by individuals with relevant ESG expertise), engagement with all internal stakeholders is essential to maintain a culture of continuous learning, to strengthen ESG knowledge across the organization and to ensure that sustainability principles are integrated into decision-making at both strategic and operational levels. This is demonstrated by our ESG Taskforce, consisting of members of senior management as well as operational, technical and corporate profiles. These individuals are specialists in the maritime and energy sector, both of which present unique and complex sustainability challenges. Their in-depth knowledge enables them to navigate industry-specific ESG issues effectively, ensuring that sustainability strategies are practical, realistic and impactful. By leveraging their extensive experience, they drive innovation, regulatory compliance and long-term resilience in an evolving global landscape. This enhances EXMAR’s ESG profile and allows us to uphold our key principles (see introduction), while ensuring that ESG strategies are embedded in the core of our company. Combined with the extensive expertise of our BoD and ExCo on business conduct matters, there is a solid basis to make decisions on material impacts, related actions and internal controls. Information on the expertise of the members of our BoD and ExCo is available on the website ( www.exmar.com ) . Our approach ensures that we can provide a CSRD- compliant sustainability report and take steps towards a more sustainable company future, partially driven by legislative requirements. The reporting process (incl. data collection, processing and writing of the report) is the responsibility of the Head of ESG & Compliance, supervised by the CFO. Throughout the process, they reinforce the ESG knowledge of the ARC and ExCo. These bodies oversee the annual auditing and consolidation of the ESG results for the group and are responsible for the preparation and accurate publication of the sustainability statement. 3.4.3 The EXMAR way of working 3.4.3.1 SUPPORTING OUR CORPORATE CULTURE EXMAR’s corporate culture is built on our core values, as demonstrated in the picture above. We strive for creativity and technological innovation to supply energy to the world in an ever faster, safer, more efficient and sustainable way, while attaching great importance to business ethics, corporate integrity and regulatory compliance. To ensure that we meet the highest standards thereto, we have implemented a set of policies, providing a robust framework for ethical decision-making, risk mitigation and corporate governance. These policies serve as the foundation for a transparent resilient and responsible business environment and assist in managing impacts, risks and opportunities related to business conduct. Besides, they provide tools and channels for reporting any incident or suspicion of violations of local and internationals laws, EXMAR policies or any other internal procedures. As we find a strong ethical culture paramount, we are committed to investigating business conduct incidents promptly, independently and objectively. Our approach to (enhance) an ethical corporate culture is supported by the Code of Business Ethics and the Dealing Code. The Code of Business Ethics (Code of Conduct for seafarers) describes the way we work, highlighting our guiding principles and explaining individual and peer responsibilities, as well as responsibilities to our employees, customers, shareholders and other stakeholders. It encourages staff to report any issues or concerns that can endanger employees, other people or the company, to their direct manager(s) - enhancing our open-door We are EXMAR We are partners We are experts We are respectful We are agile We are owners We are innovative