Fluxys

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

The core business remains fossil-gas transmission and LNG import at scale; while Fluxys has begun constructing hydrogen pipelines and avoided ~157,000 tCO₂eq at Zeebrugge via seawater regasification, these are marginal relative to the total throughput of fossil methane, and no material reduction in facilitated Scope 3 emissions is reported.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

Fluxys has self-declared targets (–50% GHG by 2025, –67% by 2030, carbon-neutral by 2050 on own operations) and reports CSRD-compliant disclosures, but no SBTi validation is publicly confirmed and no CDP score was surfaced; targets cover only operational Scope 1/2 and say nothing binding about the far larger Scope 3 facilitated emissions from gas throughput.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Fluxys publishes an annual integrated report and ESG dashboard under CSRD, reports progress on 2024 ESG targets, contracted green electricity for Scope 2, and maintains workforce safety standards; however, Scope 3 supply-chain emissions engagement is nascent and independent third-party assurance depth is unclear from public disclosures.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Fluxys reports under CSRD with an ESG dashboard tracking quantified targets and publishes an integrated annual report, which is above-average for a European gas utility; however, no verified CDP disclosure score, no SBTi-validated targets, and no independent assurance statement on GHG figures was found in public searches, limiting confidence in disclosure quality.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Greenpeace occupied the Zeebrugge LNG terminal in April 2023, alleging Fluxys exploited the Ukraine energy crisis to push fossil gas lock-in; Corporate Europe Observatory documented Fluxys lobbying to remove additionality requirements from EU low-carbon hydrogen rules — both incidents suggest a meaningful gap between public transition messaging and regulatory lobbying positions.