EXMAR report 2025

3.1 Sustainability at EXMAR 73 3.1.3.1.4 Step 4: Scoring model Our scoring model has been developed bottom-up, using the same approach as to prioritize sustainability-related IROs – based on six key principles (see table below). Therefore, we have integrated input from industry risk assessments and financial risk management tools, stakeholders’ expectations, comparative peer analyses and EXMAR’s business model, size, scale and commitment to sustainability. In our methodology, it was key to prevent subjectivity, oversimplification and underestimation and to avoid focusing on actual scores without considering stakeholder perspectives or ethical reflections. KEY PRINCIPLES FOR THE PRIORITIZATION OF SUSTAINABILITY-RELATED IROS Objective materiality assessment Include relevant and faithful information about all IROs across ESG matters, that are determined to be material from the impact, financial or double materiality perspective. Fit for purpose Based on the company-specific context, the DMA process should be fit for purpose considering the requirements of ESRS 1 and what needs to be disclosed regarding the DMA and its results. Among other things, the DMA reflects the impact and financial materiality perspectives as well as interlinkages between both. Company maturity The process is partially tailored to the company maturity. EXMAR is required to spend more time on educating and engaging key employees in the process to ensure data quality and correct analysis. Proportionality The process and resources spent to conduct the DMA are tailored to EXMAR. It is adjusted to ensure the best possible balance between conducting a quality DMA and limiting resources spent (compliance costs). Balanced assessment Designed to identify all material IROs and to exclude those that are not material. In conclusion, the following principles applied while scoring IROs:  Avoiding one number or word as a scoring mechanism, to ensure descriptive scoring is provided which explains the nature and extent of the impacts and a standard to use as comparison.  Focus on qualitative analysis allowing for clear communication; numeric values are given after the descriptive explanation is listed. Focus on a forward-looking risk assessment, not basing the likelihood score on industry or company history. A topic is deemed material when it fulfils the criteria for financial materiality, impact materiality or both, underscoring its significance in driving financial performance, influencing stakeholder decision- making and addressing broader environmental, social and governance considerations. In mathematical terms, materiality corresponds to a value of 3.5. Below, it is explained how this is translated specifically into the scoring of impacts, risks and opportunities. This is equal to 2024. No changes have been made throughout 2025. Impacts To evaluate whether the identified impacts are materially significant for EXMAR, four parameters are assessed and described as follows:  Scale : - An impact on the environment and ecosystem - A substantial impact on people’s wellbeing - A personal injury or sickness with more than one lost workday case (LWC), permanent partial disability (PPD) or permanent total disability (PTD).  Scope : - Most vessels of the company and several countries (independent of the continent) - Threshold: as from 2/3 of the company  Irremediability: - Potentially manageable, impact that can most likely be restored - Only applicable to negative impacts.  Likelihood : - Only applicable to potential impacts - Threshold: as from 2/3 chance