2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 89 MANAGEMENT REPORT Social and environmental information 3 Decree No. 2016-1138 was published in 2016 regarding environmental information in the context of the application of Article 173-IV of the law on energy transition. Accordingly, BOURBON evaluated its indirect emissions throughout the entire value chain in addition to the direct emissions already reported earlier in this document. This means that the emissions including those upstream and downstream of the Group’s activities have been taken into account in reference to the Greenhouse Gas (GHG) Protocol. The objective of this protocol is to standardize the fight against climate change on a global scale. It is divided into three levels that correspond to specific emissions scopes. The tool provided by the GHG Protocol therefore calculates CO 2 emissions based on financial data. It has facilitated the breakdown of emissions by scope and by main emissions category: 3 DISTRIBUTION OF CO 2 EMISSIONS BY SCOPE Scope 3 29.59% Scope 2 0.12% Scope 1 70.82% 3 MAIN CATEGORY OF INDIRECT EMISSIONS Purchase of goods and services Energy (excl. Scopes 1 and 2) Shipping of merchandise Business travel Employee travel 29.84% 59.46% 53.4% 3.75% 6.20% 0.70% 0% 10% 20% 30% 40% 50% 60% The most significant categories for emissions in scope 3 are: 3 category 3 “Energy” (59.46%), which represents emissions associated with energy not included in scopes 1 and 2 (extraction, production and transportation of the energy sources used by BOURBON); 3 category 1 “Purchase of goods and services” (29.84%), which represents emissions associated with Group purchases (extraction, production and transportation). Currently, climate change has no impact on the activities of BOURBON vessels. Depending on changes, emergency procedures will be reviewed and updated. To date, BOURBON’s accounts contain no significant provision that represents an environmental risk. BOURBON’s position in this area is described in section 5.3 of the management report. Each vessel also has the “Emergency and Contingency Plan” on Board which lists all the decontamination exercises done on board. BOURBON requires each of its vessels to do at least four of these decontamination exercises per year. The officers issue instructions for each exercise.