OMV, the international, integrated oil and gas company based in Vienna, published its 15th sustainability report for the first time also in digital form.
The OMV Sustainability Report provides a detailed overview of the company’s sustainability performance in five key areas:
– Health, Safety, Security, and Environment (HSSE);
– Carbon Efficiency;
– Innovation;
– Employees;
– Business Principles and Social Responsibility.
OMV’s mission, today and tomorrow, is to supply energy and raw materials in a responsible manner to improve people’s lives. Sustainability is anchored in the OMV strategy and the company is constantly working to contribute to the energy change and to the UN Sustainable Development Goals.
To fulfill our mission, we have set measurable targets in each priority area as part of our sustainability strategy and are investing in innovative solutions for a low-carbon future. These targets, our achievements, and how we contribute to the Sustainable Development Goals are detailed in the Sustainability Report.
A few highlights:
– 2025 carbon efficiency targets achieved ahead of schedule: carbon intensity of operations reduced by 22% and carbon intensity of the product portfolio reduced by 4% vs. 2010
– Circular economy solutions further expanded and 100 t of plastic waste converted into synthetic crude in the ReOil plant
– Pushed forward with portfolio transformation towards gas: 20% increase in natural gas sales, 57% natural gas share in upstream portfolio
– Improved safety performance and had no fatalities
– 1.3 mn beneficiaries from community and social projects
The OMV Sustainability Report is prepared in accordance with the standards of the Global Reporting Initiative (GRI) – the world’s most widely used guideline for sustainability reporting – as well as the requirements of the Austrian Sustainability and Diversity Improvement Act (NaDiVeG). The report follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
OMV actively engages with Environmental, Social, and Governance (ESG) rating agencies and socially responsible investors to ensure that we disclose the information investors need to evaluate sustainability risks and opportunities related to our performance. In 2019, OMV was recognized as an Industry Mover by RobecoSAM and remained the only Austrian company listed in the Dow Jones Sustainability Index, as well as maintaining its leading position in various ESG ratings. OMV’s 2019 ratings include an AAA rating from MSCI, Prime Status from ISS ESG, an Outperformer assessment from Sustainalytics, and an A- (Leadership) in the CDP Climate Change.
The sustainability report and regular information on OMV’s initiatives in the area of sustainability are available at https://www.omv.com/en/sustainability.