ESG Disclosure 2024 | Reporting Year 2023

Executive Foreword

CEO Foreword

Environmental concerns, regulatory pressures, and the imperative for technological innovation demand a proactive and forward-thinking approach. At V., we are not merely responding to these demands; we are leading the way, supporting our clients, and providing solutions that make a real impact – both now and for the future. As we face a seminal shift in the industry, V. remains resolute in our commitment to pioneering sustainable and responsible maritime practices. This, our fifth ESG disclosure, is a testament to our dedication, reflecting our ambition to lead by example and inspire change across global shipping. In response to this evolving landscape, our vision and strategy are clear: to provide our clients with informed guidance and innovative solutions. This year, our primary focus is on staying ahead of these changes. We will always support our clients, ensuring they are prepared for new regulations such as the EU Emissions Trading System (EU ETS), FuelEU Maritime, and the Corporate Sustainability Reporting Directive (CSRD). We are investing in improved data capture capabilities, as well as the latest technologies and methods to boost efficiency, reduce environmental impact, and improve operations. Our comprehensive climate governance framework underscores our strategic vision. By exploring new technologies and upskilling stakeholders on alternative fuels, we are at the forefront of the decarbonisation agenda. Our collaboration with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, where we are the only ship manager in the collective of strategic partners, exemplifies our commitment to driving innovation and sustainability in our industry. We understand that shared values are the cornerstone of our success. Our commitment to safety, environmental stewardship, and operational excellence is reflected in every aspect of our business. While environmental regulations are currently taking centre stage, our core value remains unchanged: ensuring the safety of your vessels and crews. This principle is at the heart of every decision we make. We prioritise the health, safety, and wellbeing of all individuals involved in our activities, with a firm commitment to zero casualties. These goals are just goals without effective governance turning them into reality. Solid risk management is integral to our success. To enhance our well-established operational risk management processes, our growing Sustainability & Decarbonisation department, led by the Director of Sustainability & Decarbonisation, will consider our own climate and ESG risks, positioning V. at the forefront of sustainable shipping. As we look ahead, V.’s ambition is clear: to continue leading the industry’s efforts to safeguard our environment, support our people, and ensure fair and transparent governance. We thank our partners and stakeholders for their trust and support as we continue to set new standards of excellence and lead the way towards a sustainable and prosperous future for the shipping industry.

I am pleased to share our vision and commitment to delivering exceptional value in the ever-changing maritime industry. As we face rapid technological advancements, new regulations, and a growing emphasis on sustainability, our focus remains on providing you with outstanding service and innovative solutions tailored to your needs. These changes are not just challenges; they are opportunities to enhance our operations and reinforce our commitment to sustainable practices. We are dedicated to helping you prepare for these new requirements, improving your compliance and environmental performance. Our strategy includes significant investments in the latest technologies and innovative methods. We are constantly seeking ways to boost efficiency, reduce environmental impact, and improve operations. However, our core value remains unchanged: ensuring the safety of your vessels and crews. Our commitment to safety is more than a promise; it is the foundation of our long-term dedication to delivering exceptional services. By combining new and advanced strategies with our focus on safety, we ensure you receive the best support and expertise. In this dynamic landscape, staying ahead requires more than just compliance; it requires foresight and proactive measures. That is why we are committed to providing you with informed guidance and innovative solutions, helping you not only meet regulatory demands but also thrive in a competitive environment.

Matt Dunlop Director of Sustainability & Decarbonisation Secondee to the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

René Kofod-Olsen CEO V.

We aim to be your trusted partner for everything at sea, guiding you through every challenge and opportunity with excellence and reliability.

Thank you for your partnership.

4 | Executive and CEO Forewords

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