CMB.TECH NV is screened out under 1 exclusion reason spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
CMB.TECH NV, through its ownership of Euronav, is a major operator in the transportation and storage of crude oil. Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. This places the company's core operations within the fossil fuel midstream sector, providing essential infrastructure for the global oil trade.
The company is also developing alternative fuel infrastructure, including an ammonia bunker terminal in Namibia. However, this does not offset its primary and substantial ongoing business in crude oil logistics. The development of future clean fuel terminals represents an expansion of its energy infrastructure services, not a replacement of its existing fossil fuel operations.
Research Sources
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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