DEME Group

Euronext Brussels: DEME58Mixed / Improving· Provisional

0 followersOffshore wind installation·Zwijndrecht, Belgium

Belgian specialist marine contractor and one of the largest offshore wind installation companies globally, handling foundation installation, cable-laying, and turbine erection across European and international projects.

58/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: medium

Why it's on ClimateTicker

DEME is a genuine climate enabler: its core business installs the offshore wind infrastructure that powers Europe's energy transition, and offshore energy now accounts for over €2 billion in annual turnover. However, DEME's own fleet is one of the most fuel-intensive in the marine construction sector, emitting roughly 734,000 tonnes of CO2e in Scope 1+2 annually, and its GHG targets remain intensity-based rather than absolute, with no SBTi validation. The company's climate credibility rests heavily on what it builds for others, not yet on how cleanly it operates.

enablerDEME earns revenue through long-term engineering, procurement, and construction (EPC) contracts across four segments—Offshore Energy (wind foundation installation, cable-laying, turbine erection), Dredging & Infrastructure, Environmental remediation, and Concessions—deploying a large proprietary fleet of specialist vessels on a project-by-project basis globally.

Commitments & Certifications

CDP: B (Management band) ↗other: EU Taxonomy aligned – 42% of turnover ↗other: EcoVadis – rating held (Offshore Energy & Environmental segments) ↗

Controversy & Greenwashing Watch

lowIntensity-Only GHG Targets – No Absolute Reduction Commitment

DEME's emissions targets are GHG intensity-based (not absolute), and an independent tracker (DitchCarbon) finds no tracked SBTi or absolute reduction commitments, meaning actual emissions could rise as the fleet grows even if intensity improves.source ↗

highSabetta LNG Bribery Case (Russia)

DEME and five former executives faced Belgian criminal prosecution alleging ~€4.2M in concealed bribes via consultancy agreements tied to a €420M dredging contract at Russia's Sabetta LNG terminal; acquitted on appeal in February 2026 due to insufficient evidence, but the decade-long case involved FBI search warrants and significant reputational risk.source ↗

mediumFossil Infrastructure Work (Sabetta LNG Terminal)

The Sabetta contract, while the subject of the bribery case, also highlights DEME's historical willingness to perform dredging work enabling one of the world's largest LNG export terminals, which is in tension with its green brand positioning.source ↗

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