Fluxys Belgium SA
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:209.52 ktCO2e/year (2021)
Scope 2 Emissions:0 ktCO2e/year
Renewable Energy Share:100% (electricity)
Total Energy Consumption:337,554 MWh/year (Transmission and storage) + 320,125 MWh/year (LNG terminalling)
Carbon Intensity:0.40 ktCO2e/TWh (transmission and storage), 1.19 ktCO2e/TWh (LNG terminalling)
ESG Focus Areas
- Climate Change
- Safety
- Financial Resilience
- Operational Reliability
- Transporting climate-neutral energy carriers
- Building and operating safe infrastructure
- Human Rights
- Diversity
- Anti-corruption
Environmental Achievements
- Halved greenhouse gas emissions by 2025 compared to 2017 levels (on track)
- Reduced greenhouse gas intensity of transmission and storage by 7% compared to 2017 and remained stable compared to 2020.
- Reduced greenhouse gas intensity of LNG terminalling by 27% compared to 2020 due to less LNG being regasified. Avoided 53,000 tonnes of CO2 in 2021 by maximizing use of regasifiers with seawater.
- Building three additional regasifiers with seawater at Zeebrugge LNG Terminal to further minimize greenhouse gas intensity.
- Purchased entirely renewable electricity since 2021.
- 10 proposals for open access hydrogen and CO2 infrastructure in Belgium’s various industrial clusters.
Social Achievements
- Employees and colleagues walked 180,000 km, company donated €10,000 to the Belgian Heart League.
- Provided support and assistance to victims of the floods in Wallonia. Donated €100,000 to the Red Cross.
- Launched a new Employer Branding campaign focusing on commitment to a climate-neutral energy landscape.
- 71 employees took on a new role within the company.
- Implemented a new way of working allowing employees to work from home up to two days a week.
Governance Achievements
- Implemented a new Code of Ethics.
- Expanded options for reporting unethical behavior.
- Organized anti-corruption workshops for staff.
Climate Goals & Targets
Medium-term Goals:
- Achieve full climate neutrality by 2035.
Short-term Goals:
- Halve greenhouse gas emissions compared to 2017 levels by 2025.
Environmental Challenges
- Drop in demand for natural gas due to the energy transition.
- Greenhouse gas emissions from Fluxys Belgium’s activities not decreasing in line with climate targets.
- Industrial incidents and cyber incidents that can damage infrastructure, endanger safety, and cause financial loss.
- High volatility in price differentials between summer and winter on gas trading platforms.
Mitigation Strategies
- Investment plan to gradually reconfigure infrastructure for a carbon-neutral energy system.
- Every new connection to the network is ready to support hydrogen from 2023 onwards.
- Facilitating the development of the biomethane market and injection of biomethane into the existing network.
- Safety management system, preventive measures in design, construction, and operation, detection measures in monitoring and inspection programs, reactive measures in emergency planning, and cybersecurity measures.
- Developed a new market model offering customers 100% fixed capacity and options to optimize injection and send-out days.
Supply Chain Management
Supplier Audits: Questionnaire on environmental, health, and safety practices for high-impact suppliers.
Responsible Procurement
- Open contracts, equal treatment of contractors, transparency in communication.
Climate-Related Risks & Opportunities
Transition Risks
- Drop in demand for natural gas due to the energy transition.
Opportunities
- Develop new activities to advance the energy transition by converting existing natural gas infrastructure.
Reporting Standards
Frameworks Used: GRI Standards - Core
Third-party Assurance: PwC
Sustainable Products & Innovation
- Bio-LNG service at Zeebrugge terminal.