Sustainability is part of our mission, vision, and strategy. In everything we do within the LRM group, we therefore use the Sustainable Development Goals (SDGs) as a guiding framework. The SDGs are 17 objectives set by the United Nations to address global challenges by 2030. Together, the 17 SDGs form a sustainability agenda focused on society, economy, environment, human rights, and world peace.
Sustainability initiatives

SDGs on which LRM focuses extra efforts
With our sustainability initiatives, we actively contribute to the United Nations’ 17 Sustainable Development Goals. Additionally, we have selected 6 material goals on which we focus extra efforts, as we believe that, specifically within LRM, we can achieve the greatest impact in these 6 areas.
Click on an SDG to learn about the initiatives undertaken by the LRM group for that particular SDG.
Affordable and Sustainable Energy (SDG No. 7)
LRM invests in innovative and impactful climate projects and eco-initiatives. We have the expertise and resources to undertake strategic impact projects in green energy production: wind turbines, solar energy, energy storage, and more. Therefore, we develop projects where economy and ecology go hand in hand.
Some achievements
Kristal Solar Park Lommel
The Kristal Solar Park in Lommel comprises 303,000 photovoltaic panels and covers an area equivalent to 200 football fields. In total, it generates 100 megawatts of electricity.
Learn more about the largest solar park in the Benelux region on VRT News.
Floating solar panel park
At the border of Mol and Dessel, in 2020, we inaugurated the first floating solar panel park in Flanders. Covering five hectares, it is the largest in Belgium. Annually, it will generate electricity for approximately 2,000 households, contributing significantly to renewable and sustainable energy generation.
Limburg Win(d)t
Limburg Win(d)t NV is a Belgian producer of green energy located in the province of Limburg. It was established in 2009 by Aspiravi NV and LRM.
100% Belgian green electricity at all our sites
LRM works together with BEE: Belgian Eco Energy, which offers local energy solutions and assists companies in their sustainability efforts. More specifically, BEE’s focus is on producing and supplying renewable energy: green power and green heat.
We cooperate with BEE at all our locations and received certificates for this in 2025. In fact, according to BEE, LRM is a leader in this market.
Decent Work and Economic Growth (SDG No. 8)
In everything we do within the LRM group, we aim for economic growth, increased employment, and greater prosperity in the region.
Some examples
Corda Campus
By 2030, we aim to expand our Corda Campus in Hasselt, situated on the former Philips site, from 14 to 23 hectares. The existing 250 companies on the Corda Campus are projected to increase to 350 by then, with employment potentially growing from 5,000 jobs to 7,500.
Terhills
With LRM, we are investing in the transformation of the former industrial mining site ‘Terhills’ into a sustainable tourist and recreational destination with international appeal and high experiential value. In total, 219 hectares of former industrial land have been converted into nature (100 ha) and recreation (119 ha). From an economic perspective, the highlights at Terhills include the Terhills Hotel, Terhills Cablepark, Elaisa Wellness, and Terhills Resort, a sustainable holiday park with 250 vacation villas.
Industry, Innovation, and Infrastructure (SDG No. 9)
The LRM group is transforming the economic landscape by developing innovative real estate and infrastructure projects.
Additionally, we provide venture capital to companies with promising projects, enabling them to increase their positive impact.
Innovative real estate:
Thor Park
Thor Park in Genk, spanning 93 hectares, is a comprehensive redevelopment project on the former Waterschei coal mining site in Genk. It is a business, technology, training, and science park with the ambition to become the leading competence center in three domains: energy transition, smart manufacturing, and smart city applications.
TVL aired the opening of FacThory at Thor Park. You can watch it here.
Corda Campus
With over 250 companies and 5,000 people, the Corda Campus in Hasselt is one of the largest business campuses in Europe. The mix of start-ups, scale-ups, and corporate companies creates a unique ecosystem. By 2030, LRM will expand the campus by 9 hectares, enabling more than 2,500 additional people to work there. With the arrival of the Corda Arena in 2025, the campus will have the largest digital experience arena on the continent, ideal for events hosting up to 4,000 people.
DronePort
DronePort provides a state-of-the-art testing environment for drones. It hosts a vibrant ecosystem of researchers, startups, and entrepreneurs in the drone industry, as well as a specific incubator for young companies.
In 2023, an unmanned passenger drone transported medical cargo, marking a European first. You can watch this event again on Kanaal Z.
Venture capital, investing in innovation:
Dispogroup: sustainable innovator in the packaging industry
Dispogroup, supplier of packaging solutions for the food industry, presents a concept of innovative devices combined with packaging that significantly increase the freshness and shelf life of food products. In addition, the company focuses on packaging materials that are 100% recyclable. At the same time, Dispogroup uses packaging made of recycled materials as much as possible, which is produced by sister company Impacked International. For the further roll-out of this sustainable story, Dispogroup is joining forces with VLAIO via the SME growth subsidy and with LRM, which is granting the company a Breakthrough loan.
Hippo Dx Raises €4.4 Million in Funding
Hippo Dx has developed an innovative device that enables hospitals to conduct allergy tests faster, cheaper, and more accurately.
To scale internationally, the company has raised a total of €4.4 million from existing investors as well as from LRM and the American Allerfund Ventures.
Breakthrough Loan of €250,000 for Recybuild
Recybuild, a family-owned company specialized in sustainable, recycled plastic products, has received a Breakthrough Loan of €250,000.
The Breakthrough Loan is an initiative by VLAIO Team Business Trajectories, UHasselt, and LRM to support companies with Limburg connections in their ambitions to internationalize, digitize, and/or become more sustainable.
BlooLoc Raises €2.2 Million for Digital Revolution in Logistics
BlooLoc specializes in indoor positioning solutions for the healthcare sector and logistics industry. Through their digital co-pilot, they make forklifts smarter and safer.
Following an initial capital raise in 2019, BlooLoc successfully completed a second round of funding totaling €2.2 million in 2023.
LRM, an early investor, reaffirms its confidence in this rapidly growing scale-up, alongside Brahim Boulbahaiem.
Sustainable Cities and Communities (SDG No. 11)
LRM invests in experiential real estate to help enhance the appeal and tourism potential of our province while creating sustainable jobs. Currently, LRM is working on the redevelopment of the former mining site of Beringen under the banners of be-MINE and be-NATURE. We are investing specifically in tourism projects that have a positive long-term impact on the region. Similar to what we did at Terhills, we aim to transform be-MINE into a tourist destination with numerous attractions that draw visitors from across the region.
In the realm of mobility, we also play a pioneering role with our innovative mobility projects. For instance, since the spring of 2023, self-driving shuttles have been operating at our Terhills site, without onboard safety stewards. This is a first for Belgium!
Some examples
Redevelopment mining sites
LRM invests in experiential real estate to enhance the appeal and tourism potential of Limburg while creating sustainable jobs.
Currently, LRM is working on the redevelopment of the former mining site of Beringen under the banners of be-MINE and be-NATURE. We are investing specifically in tourism projects that have a positive long-term impact on the region.
Similar to what we did at Terhills, we aim to transform be-MINE into a tourist destination with numerous attractions that draw visitors from across the region.
Sustainable Incubators
Another example showcasing our ambitions to contribute to sustainable cities and communities is our focus on sustainable businesses within our incubators:
- Greenville: focusing on circular economy
- IncubaThor: focusing on Smart Energy, Innovation & Technology
- Agropolis: fostering innovative companies in agriculture and horticulture
Climate Action (SDG No. 13)
With LRM, we undertake impactful climate projects that contribute to both Flemish and international climate objectives. We strongly emphasize the sustainability of our own sites by installing features such as solar panels and charging stations.
To ensure streamlined operations and effectively translate ideas into concrete actions, we have established an internal team called ‘LRM Climate.’ One of our ambitions is to equip our own LRM sites with a total of 20,000 solar panels and 500 charging points by 2026.
Some achievements
Battery Project at Terhills (sold)
On the SME zone of Terhills, we have installed 140 large batteries. This provides a sustainable alternative to using gas-fired power plants for balancing the electricity grid. In 2024, we sold this project to Centrica (England).
You can watch the report on TV-Limburg.
Terhills Solar Park
In May 2021, Terhills inaugurated two brand-new solar panel parks. The two parks—one on land and one on water—span a combined area of 3 hectares, featuring 7,000 solar panels and producing a total of 3MWp.
Pumping surface water
LRM prevents flooding by pumping surface water that no longer finds its natural path due to subsidence in former mining areas. This water is directed towards the canal. It’s important to emphasize that only surface water is pumped, not drinking water or mine water.
This is not considered water wastage. Groundwater expert and VUB professor, Marijke Huysmans, confirms this. The water downstream serves various purposes such as irrigation, drinking water supply, infiltration into neighboring soils, and maintaining stream levels. Constructing reservoirs requires significant investment and is not economically viable.
Initiatives from LRM Climate
With LRM Climate, we are committed to the sustainability of all LRM locations. This includes initiatives such as installing solar panels, charging stations, promoting sustainable mobility, and other energy-related projects.
For example, our Corda Campus features 218 charging points and a fast-charging station for 24 electric vehicles. There are currently 88 charging points at Terhills and we also installed a lot of charging points at our incubators.
The total number of charging points we have realised with LRM Climate so far: 400.
Good Governance (SDG No. 16)
With LRM, we offer ‘smart money’: in addition to financial support, companies can also rely on our expertise, experience, and network to further professionalize themselves. Furthermore, we provide them with innovative real estate and they can benefit from a strong community network. To give you an idea: in 2024, we invested 51 million euros in Limburg companies and projects.
Download here our corporate governance charter.
Some achievements
International talks
In both 2024 and 2025, we were able to inspire stakeholders from EU coal regions! Our CEO Tom Vanham went to the political conference in Poland and shared his experiences with LRM during the impressive transformations of Terhills and be-MINE NV. Among other things, he zoomed in on how to attract private investment in Coal+ regions.
With its 100,000 m² of existing building heritage, the historic mining site be-MINE is the largest industrial heritage site in Flanders and unique in Europe. At Terhills we also realized a handsome transformation of the dark gray site into a beautiful green place where we have already welcomed more than 3 million guests.
Both transformations are a long-term project, but with so much positive impact for the neighborhood and for the region.
Sustainable Entrepreneurship in collaboration with UHasselt
To better understand how we can assist companies at every stage of their growth and how we can get more companies on board with sustainability, we have established a Chair of entrepreneurship in Sustainable Entrepreneurship in collaboration with UHasselt. This chair focuses on three pillars. In addition to sustainable investments and investing in long-term partnerships, the focus is on sustainable growth to ensure that those who start can also sustainably scale their businesses.
Organising an international inspiration conference
LRM organised a conference where it shared its experiences of the past 30 years in turning a former (mining) site into a beautiful place with a positive impact on employment, sustainability and economic growth. With Hasselt’s Corda Campus, be-MINE in Beringen and Terhills in Maasmechelen, LRM can present 3 concrete transformations of former mining sites and companies. A topic that attracted a very international audience: among the 80 attendees, ministers, ambassadors and representatives from Zimbabwe, Nepal and Ghana were present.
Monitoring our ESG approach
In 2025, the Belgian banking federation Febelfin and Isabel (BNP Paribas, KBC, Belfius, and ING Belgium) joined forces to launch the reporting platform Kube. LRM also joined, as it’s an ideal tool to track the ESG performance of our portfolio companies. The benefit for companies? Enter your sustainability data once and instantly generate a clear, comprehensive report of your efforts. As an investment company, this gives us a transparent view of your ESG approach and enables us to offer targeted advice.

3 ways LRM is making Limburg greener
Solar parks
Together with the city of Lommel (49.5%) and Nyrstar (1%), we developed the largest solar park in Belgium at Kristalpark III (353,000 panels). In 2020, LRM built the first floating solar park in Flanders on the border of Mol and Dessel. Currently, we are planning two new PV projects in Limburg, set for completion in 2027–2028.
Future heat networks
Where coal mining once began at Thor Park, you will now find a collective heat network. This network exchanges heat and cold as part of a broader multi-energy system. It sustainably heats and cools existing buildings at Thor Park.
It’s also modular, so it can serve future buildings on the site. We aim to develop similar heat networks at other locations in the region.
More than 400 charging points
As a sustainability pioneer, we’ve focused for years on greening our own sites, as well as those we develop with partners (e.g., Thor Park). We’ve installed over 200 charging stations across all sites, totalling more than 400 charging points. Fun fact: we continuously monitor usage so we can add more stations based on demand.
LRM as a sustainability driven organization
As an organization, LRM is committed to embedding sustainability into its core operations and investment philosophy. As part of this ongoing commitment, we recently conducted an in-depth Double Materiality Assessment (DMA) to further refine and strengthen our sustainability policy. We closely monitor and measure our carbon footprint, and we power our operations entirely with 100% renewable energy. Through these and other initiatives, LRM aims to lead by example — demonstrating that environmental responsibility, economic development, and solid financial returns can go hand in hand.
Expertise and capital to power sustainability in your business
Are you looking to invest in sustainability in your production processes, infrastructure or business operations? Are you interested in geothermal energy, wind energy, energy storage or EV charging but you don’t have the time or know-how to get started? Request an obligation-free meeting with one of our experts.
At LRM, we offer more than financing – we bring the right expertise and network to help you achieve your sustainability goals. From permits and subsidies to market research and legal guidance.
Interested?
Feel free to contact us at l.driesen@lrm.be.
Would you like to brainstorm with us about energy transition in your company and explore the associated financing options? Schedule a appointment with us.
The LRM Climate Team
Our colleagues Luc Driesen, and Robin Vaes form the LRM Climate team. Together, they are spearheading sustainability efforts across all LRM locations. This includes initiatives such as the installation of solar panels, charging stations, sustainable mobility, and other energy projects.




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