As part of Grieg Maritime Group’s journey to embed CSRD, we have reevaluated our annual report and adopted the amended ESRS to reflect lessons learned from “wave 1” reporters and extensive public consultation. This enables us to present our story in a balanced and consistent manner, while ensuring that core management information remains focused and accessible.

Furthermore, it aligns with our ambition to illustrate the connectivity of how Grieg Maritime Group’s capital and human resources create value in the short, medium, and long term, considering the impacts, risks, and opportunities related to our business model.

When focusing on business activities in an integrated way, management and the Board are also more likely to include sustainability targets when setting company objectives and key metrics.

Thus, integrated reporting also enhances business resilience, enabling improved decision-making and fostering a culture of connected thinking across the organisation. Grieg Maritime Group is not required to report under the CSRD/ESRS framework but chooses to do so for transparency. We view reporting as a strategic tool for tracking progress and targets, and for linking sustainability with daily operations.

Furthermore, the framework is the most widely used among our peers in the Norwegian Shipowner Association and is well-received by the banks we collaborate with. Consequently, we report not only on initiatives that help us reduce our environmental impacts but also on challenging matters, such as harassment cases.

Through transparency, we hold ourselves accountable and monitor progress towards becoming a better workplace. The conclusive results of our sustainability assessments are shown in the environmental, social and governance sections of the report, focusing on the material topics where Grieg Maritime Group may have the greatest impact on people and the planet and where we are the most exposed in terms of financial risk. These priorities are based on the Group’s reviewed double materiality assessment (DMA) 2025, which is the foundation of the report.

In addition, we follow the Greenhouse Gas Protocol when reporting on Scope 1, 2 and 3. While emissions from our owned and controlled fleet are reported as Scope 1, it should be noted that this results in double accounting, as our joint venture, G2 Ocean, which charters our open hatch vessels on a time charter basis and has commercial control over the vessels, also considers these emissions as their Scope 1.

This report has been completed with the oversight of Grieg Maritime Group’s Board of Directors and management team. PwC has audited the Annual Report in accordance with Norwegian GAAP.

Scope of reporting

Unless otherwise stated, the ESG performance data and information included in the sustainability statement are reported based on the same consolidation principles as the financial statements. The data in the report covers all our operations in terms of the financial results and, where considered material, based on Grieg Maritime Group’s upstream and downstream value chain. The report’s content reflects the full calendar year 2025 or the status as of December 2025. Unless otherwise specified, the data comes from own sources and estimates. Disclosure requirements under ESRS E1 11, S1 1 and S2 1 are partly covered.

Unless specified, data comes from our own sources and estimates. Information regarding current and anticipated financial impacts (SMB-3) related to human rights assessments has been excluded due to its sensitive commercial nature, and disclosure requirements under E1-11 have been partly covered.

Furthermore, this year we did not report on Scope 3 employee commuting emissions, as previous years have shown these are not significant compared to other Scope 3 emission categories.

Reporting adjustments

During 2025, we made adjustments to comparative figures for metrics disclosed in our 2024 annual report. We corrected the percentage of women in management positions, which was previously reported incorrectly for 2024. Additionally, the emissions reported under our Scope 2, market-based methodology did not account for certificates of energy origin, which certify that the electricity consumed in our Bergen office comes from renewable sources.

We welcome your feedback and suggestions for future improvement. Please get in touch with us at: transparency@griegmaritime.com