EXMAR report 2025

3.2 Environment 97 Supporting services For our supporting services, three overarching action points were defined: 1.  Investigate the reduction of scope 3 emissions in production, transport of spare parts and service 2.  Investigate the reduction of scope 3 emissions in business travel 3.  Improve our scope 1 & 2 emissions Investigate the reduction of scope 3 emissions in production, transport of spare parts and service For existing vessels, sourcing and equipment selection is based on the total cost of ownership over the lifetime of the equipment. We will investigate if additional criteria can be added to include climate change mitigation in the decision-making process. Such elements may be the carbon footprint of the equipment, power consumption, or regional production availability. Investigate the reduction of scope 3 emissions in business travel EXMAR operates across the globe with specialized processing and marine equipment on board. The expertise of our seafarers is essential and explains the need for expats and frequent business travel. We consider the diversity of our crew very important and continuously investigate if local project support is possible. On our vessels that operate in a dedicated trading area, we optimize and limit travel by employing crew from that area/region. Improve our scope 1 & 2 emissions Even though our scope 1 & 2 emissions only reflect 0.54% of our total GHG emissions (1% in 2024), we are committed to take responsibility and set a clear improvement trajectory. We aim to move away from estimates for office energy consumption, map out actual energy use and investigate current contracts and possible switches towards green energy providers. Secondly, we want to check possibilities for implementing the new car policy at HQ in all subsidiary offices, moving towards electrification in cars. Lastly, we will investigate charging opportunities, switching to green providers in the coming years. Key role in the transition plan of our stakeholders In addition to targets/actions described above, we intend to play a key role in the transition of our stakeholders. In first instance, related to shipping, we intend to discuss transition plans with charterers from grey towards blue and green ammonia production – starting with mapping the amount of grey versus blue and green ammonia transported. Secondly, the EXMAR infrastructure portfolio and services play an essential role in the transition to low carbon fuels. Hence, we intend to:  Quick-to-market facilities to transfer captured gas to liquid gas which can be shipped instead of emitted into air.  Quick-to-market facilities to provide regions with low carbon natural gas to replace coal and oil as energy sources.  Invest technical and marine expertise in developing facilities with decreasing footprint, which can be deployed again to the oil and gas industry, and which may offer small-scale marine solutions for providing energy to remote areas. 3.2.4.3 PARIS AGREEMENT ALIGNMENT The Paris Agreement (PA) is a legally binding international treaty on climate change adopted by 195 Parties at the UN Climate Change Conference (COP21) in Paris on December 12, 2015. It aims to limit global warming to well below 2°C above pre-industrial levels and to pursue efforts to limit temperature increase to 1.5°C. The agreement emphasizes the need for all countries to contribute to climate action, including providing financing to developing nations to help themmitigate and adapt to climate impacts. The Paris Agreement does not specifically cover international shipping. On the other hand, the International Maritime Organization (IMO), has committed to reducing GHG emissions from global maritime transport, following the same ambition as the PA. In addition, the shipping industry is subject to European Union regulations, particularly those developed under the ‘Fit for 55 package’ and the ‘EU Green Deal’ (more information on these frameworks is available in the introduction of our sustainability statement. The EU’s regulatory framework is among the most stringent in the world, setting ambitious targets for emission reductions. At EXMAR, we are dedicated to aligning our global shipping fleet with these high standards, ensuring compliance beyond international requirements. Furthermore, while awaiting further developments on the IMO Climate Strategy, EXMAR is going the extra mile and strives to stay below the GHG intensity targets that are currently set by the FuelEU Maritime regulation. In that respect EXMAR also supports the development of a global regulatory framework such as the IMO Net Zero Framework. These targets are not yet translated into EXMAR- specific targets. Once this has been done, we will show their compatibility with the Paris Agreement.