Fluxys
40Mixed / Improving· ProvisionalFluxys is an independent gas infrastructure group operating Belgium's gas transmission grid and the Zeebrugge LNG terminal, one of Europe's largest LNG import hubs.
Why it's on ClimateTicker
Fluxys is a regulated gas infrastructure operator whose current core business — transmitting fossil natural gas and regasifying LNG — is a net emitter and climate laggard, despite genuine and measurable investments in hydrogen pipelines, CO₂ transport, and operational decarbonisation. The company's 'multi-molecule' transition narrative is partly credible but substantially front-loaded with fossil revenues and lacks SBTi-validated targets; the gap between its green branding and the reality of LNG expansion creates material greenwashing risk. Investors should credit the transition pipeline work while discounting marketing claims not yet anchored to independently validated science-based targets.
Commitments & Certifications
Controversy & Greenwashing Watch
Corporate Europe Observatory documented Fluxys lobbying the European Commission to remove additionality requirements from both the Low-Carbon and Renewable Delegated Acts, undermining the credibility of 'clean' hydrogen definitions.source ↗
In April 2023 Greenpeace activists occupied the Fluxys Zeebrugge terminal, alleging the company cynically shifted lobbying from 'energy transition' to 'energy security' to justify expanded fossil LNG infrastructure after the Ukraine invasion.source ↗
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