OMV Aktiengesellschaft
Climate Impact & Sustainability Data (2005-2006, 2014, 2016, 2019, 2020, 2022, 2023)
Reporting Period: 2005-2006
Environmental Metrics
ESG Focus Areas
- Health
- Safety
- Security
- Environment
Environmental Achievements
- Reduced gas flaring in Petrom E&P operations by adding a new compressor, with plans to eliminate continuous flaring by 2010.
- Achieved 82% recycling or incineration of production waste in 2006 (88% in OMV Classic).
- Introduced low-sulfur (50 ppm) OMV econPlus heating oil.
- Launched diesel with a 5% biofuel component in Austria and Germany.
- Expanded AdBlue filling station network to about 200 stations in 11 countries.
Social Achievements
- Implemented a new Petrom healthcare concept to provide modern and comprehensive service to employees.
- Launched the "Think:Ahead, discover safety" program, resulting in falling accident rates.
- Conducted extensive HSE training programs across Petrom, addressing topics such as HSE leadership, crisis management, and contractor HSE management.
- Implemented a Hepatitis B vaccination program in Pakistan vaccinating 9,000 people from local communities.
Governance Achievements
- Established a Group-wide HSE Management System with 12 specific Management Elements.
- Integrated Petrom into the OMV Group HSE management system.
- Achieved ISO 14001 certification for 81% of business activities (expressed in million tonnes oil equivalent processed, produced or transported).
- Implemented a Group-wide incident tracking tool (full implementation planned for 2007).
Climate Goals & Targets
- Not disclosed
- Achieve first quartile ranking among mid-sized oil and gas companies for HSE standards and performance by 2010.
- Expand CNG filling stations to 80 in Austria by 2010.
- LTIR <1 for own employees and contractors by 2010.
- No serious incident of level 4 or above by 2010.
Environmental Challenges
- High number of fatalities (11 in 2005, 14 in 2006).
- Integrating Petrom's HSE standards with OMV's.
- Managing increasing greenhouse gas emissions.
- Minimizing flaring and venting.
- Safeguarding impact on nature and biodiversity.
- Safeguarding employees and assets against malicious acts.
- Meeting the needs of energy supply while supporting living standards and economic development and reducing environmental impact.
Mitigation Strategies
- Investing more than EUR 3 billion into Petrom by 2010 to improve HSE performance.
- Implementing extensive modernization projects at Petrom.
- Undertaking a wide range of HSE training programs and campaigns at Petrom.
- Setting up an effective reporting system at Petrom.
- Developing a strategic sustainability path to manage GHG emissions.
- Implementing a new health standard ensuring a state-of-the-art level in all Group countries.
- Introducing advanced products and alternative fuels.
- Increasing HSE awareness among the entire workforce.
Supply Chain Management
Supplier Audits: Supplier audits introduced in OMV Gas in 2006.
Responsible Procurement
- Contractor audits; pre-qualification, selection, and retention of contractors based on HSE values consistent with OMV's.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- EU emissions trading scheme; gap between forecasted CO2 emissions and possible allocation of allowances.
Opportunities
- Development of energy-efficient products; renewable energy sources (biofuel, biogas).
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: Deloitte
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Low-sulfur heating oil; diesel with 5% biofuel; AdBlue.
Awards & Recognition
- DuPont Safety award 2006; Good Practice Certificate 2006 from European Agency for Safety and Health at Work; Green Flower Contest prizes; Health prize from city Linz; Award for environmental performance from Viennese Öko-Business-Plan.
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Health, Safety and Security
- Environmental Management
- Employee Development and Diversity
- Business Ethics
- Human Rights
- Community Relations
- Supply Chain Management
- Risk Management and Public Affairs
Environmental Achievements
- EUR 108 mn invested in environmental protection and 1,250 actions carried out in top 43 facilities.
- 25% improvement in energy efficiency at Petrobrazi refinery against 2009.
- 683,000 t CO2 eq. reduction due to GHG projects since 2007.
- 99B CDP score (increased from 81B in 2013).
- 23% reduction in total waste generated (2014 compared to 2013).
Social Achievements
- More than 281,000 HSSE training hours delivered.
- More than 700,000 hours of training provided to employees.
- Launched Women's Empowerment Program in Pakistan, benefiting more than 82,000 people.
- 0.44 lost-time injury rate.
Governance Achievements
- OMV was the first organization in Austria to conform to the comprehensive IDW Assurance Standard 980.
- 38 internal compliance audits completed in 2014.
- 1,376 employees participated in business ethics training in 2014.
Climate Goals & Targets
- Not disclosed
- Reduce greenhouse gas emissions, water consumption and waste.
- Achieve 30% female Senior Vice Presidents by 2020.
- Achieve 50% international (non-Austrian) Senior Vice Presidents by 2020.
- Finalize and implement Carbon and Water strategies.
- Roll-out an Environmental Risk Assessment.
Environmental Challenges
- Sluggish demand in the oil and gas industry.
- Increased scrutiny and more stringent environmental and social requirements.
- Market price volatility.
- Risks associated with climate change (impact of energy and climate policies, tighter rules on emissions trading, market price risk assessment concerning unknown future costs of CO2, higher insurance premiums).
Mitigation Strategies
- Use of economic instruments such as emissions trading and carbon portfolio management.
- Integrating the consideration of GHG emissions and climate change-related issues in strategy and other key business processes.
- Operational and engineering measures.
- Integrated approach to improve the effectiveness of the monitoring and reporting process on EU ETS installations.
- Business unit specific trading strategies.
- Active monitoring of legal developments and amendments to Emissions Trading Schemes.
Supply Chain Management
Supplier Audits: 16 comprehensive contractor audits in 2014
Responsible Procurement
- Compliance with legal requirements and OMV's HSSE standards.
- Adherence to OMV's Code of Conduct.
- 98.4% of 'A' suppliers signed up to OMV's Code of Conduct.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Impact of energy and climate policies
- Tighter rules on emissions trading
- Market price risk assessment concerning unknown future costs of CO2
- Higher insurance premiums
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI G4 Core guidelines, GRI G4 Oil and Gas sector disclosures document, UN Global Compact
Certifications: ISO 14001, ISO 9001, ISO 50001, OHSAS 18001, EMAS III, ISCC-EU
Third-party Assurance: Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Biofuels complying with EU Renewable Energy Directive.
- Sulfur-free gasoline and diesel.
Awards & Recognition
- Oliver Kinross Africa Oil & Gas Award 2014
- European Excellence Award 2014
- PR Daily's 2013 Corporate Social Responsibility Awards
- Oil Field Magazine Award
- IPRA Golden World Awards
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Health and Safety
- Oil spills
- Security
- Climate change
- Employees
- Business ethics
- Human rights
- Community relations
- Water management
- Renewable energy
- Supply chain management
- Research and development
- Energy efficiency
- Regulatory environment
- Employee attraction, retention and training
- Governance
- Diversity
- Unconventional energy sources
- Biodiversity
Environmental Achievements
- Reduced CO2 emissions by more than 50,000 t CO2 equivalent in the three OMV refineries.
- Achieved an "A-" (Leadership) CDP Climate Change score.
- Achieved an "A-" (Leadership) CDP Water score (first year of response).
- Implemented the South Tunisia Waha gas valorisation project, preventing 113,000 tons of CO2 equivalent annually when fully operational.
- Reduced total hydrocarbon spillage to around 103,490 liters (2015: around 158,000 liters).
Social Achievements
- Provided education and training to over 3,700 members of local communities.
- Supported 343 children in Pakistan with access to primary and secondary school.
- Launched the “On the Spot Reward” program to recognize employee commitment.
- Women held 23% of Senior Vice President positions (17% in 2015).
- Implemented the Safety Culture Program in Upstream and Downstream.
Governance Achievements
- No fines or sanctions imposed on OMV for anti-bribery and corruption violations.
- 1,114 employees trained on business ethics.
- OMV certified under IDW PS 980 for business ethics risk detection.
Climate Goals & Targets
- Zero routine flaring by 2030.
- Water Strategy and roadmap to 2021.
- Reduce GHG intensity by 10% by 2021 (vs. 2013).
Environmental Challenges
- Lower oil prices and their mid- and long-term implications.
- Increased competition and operational challenges in accessing conventional reserves.
- Climate change and its consequences.
- Health and safety incidents (resulting in fatalities).
Mitigation Strategies
- Strategy offensive adjusting to a lower-oil-price environment.
- Cost reductions and divestments.
- New target to reduce GHG intensity by 10% by 2021 (vs. 2013).
- Endorsement of the World Bank initiative “Zero routine flaring by 2030”.
- Full investigations into incidents and implementation of preventative measures.
Supply Chain Management
Supplier Audits: 44 compliance audits
Responsible Procurement
- OMV Code of Conduct
- Business ethics clause for OMV Supply & Trading Ltd. suppliers
- Local procurement (85% of total expenditures)
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes
- Shift of industry towards renewables
Opportunities
- Development of energy-efficient products
- Hydrogen mobility
- Gas2Power
- Advanced renewable fuels
Reporting Standards
Frameworks Used: GRI G4 Core guidelines, GRI G4 Oil and Gas sector supplements, UN Global Compact
Certifications: ISO 14001, ISO 9001, ISO 50001, OHSAS 18001, EMAS III, ISCC-EU
Third-party Assurance: Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H
Sustainable Products & Innovation
- Synthetic crude from plastic waste
- Green hydrogen
- Biofuels
Awards & Recognition
- Ethibel Sustainability Index (ESI) Excellence Europe
- International CSR Excellence Awards
- SABRE Awards (Gold)
- The International Business Awards
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Health, Safety, Security, and Environment (HSSE)
- Carbon Efficiency
- Innovation
- Employees
- Business Principles and Social Responsibility
Environmental Achievements
- Reduced the carbon intensity of its energy supply by 2% from 70 g CO2 to 68.6 g CO2 per unit of energy (MJ) compared with 2018.
- Achieved its 2025 carbon intensity targets ahead of schedule.
- ReOil® pilot facility recycled 100 t of plastic waste into synthetic crude oil.
- Reduced CO2 emissions by 12,000 t per year through a partnership with VERBUND to build Austria's largest photovoltaic plant.
Social Achievements
- Further improved workplace safety performance in 2019.
- Improved process safety and stepped up activities in the fields of human rights protection and community engagement.
- More than 7,900 employees participated in volunteering activities.
Governance Achievements
- Expanded the HSSE function to HSSE & New Energy Solutions (NES).
- Executive Board remuneration includes performance criteria related to the Company’s sustainability performance.
- Evaluated sustainability maturity to fulfill the reporting recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Climate Goals & Targets
- Achieve zero routine flaring and venting of associated gas by 2030.
- Increase the share of gas in the Upstream portfolio to 65% by 2025.
- Recycle 200,000 t of plastic waste with ReOil® technology by 2025.
- Increase the share of women at management level to 25% by 2025.
- Keep high share of executives with international experience at 75% by 2025.
- Raise the share of sustainable feedstock co-processed in the refineries to ~200,000 t per year by 2025.
- Increase the recovery factor in the CEE region in selected fields by 5–15 percentage points by 2025.
- Not disclosed
Environmental Challenges
- Difficult market environment.
- Growing demand for energy and accelerating climate change.
- Expectations from politicians and the public for oil and gas companies to adapt their strategies.
- Demands from climate activists for faster and greater reduction of carbon footprint.
- Increasing calls from capital markets for companies to report ESG goals.
- Risks of failing to implement energy efficiency projects due to finances or insufficient resources.
- Risks of poor labor practices in supply management.
- Risk of imbalance between certificates allocated and emissions volumes required by the Company’s activities.
- Risk of decarbonization policies forcing OMV to operate on a net carbon-neutral basis.
Mitigation Strategies
- International expansion and further market diversification.
- Strategic portfolio changes by completing projects to boost gas production and expand refinery capacity.
- Continuously working to limit the product portfolio’s impact on the environment.
- Improving energy efficiency and reducing internal fuel consumption by increasing renewable energy supplies.
- Reducing GHG emissions in OMV’s carbon-intensive facilities by implementing energy efficiency improvements and technology changes.
- Phasing out routine flaring and venting.
- Developing and implementing a forward-looking OMV Carbon Trading Strategy.
- Boosting energy efficiency and reducing internal fuel consumption by increasing renewable energy supplies.
- Training for employees (focus on high-risk countries).
- Human Rights Country Entry Check before launching operations in a country.
- ESG supplier assessments.
- Identifying and developing new business opportunities based on low-/zero-carbon product portfolio.
- Carbon reduction targets integrated into Executive Board remuneration.
- Strong focus on natural gas sales and petrochemical sales increase.
Supply Chain Management
Supplier Audits: 11 audits with sustainability elements in 2019
Responsible Procurement
- Code of Conduct
- Supplier sustainability requirements
- ESG supplier assessments
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity due to changes in precipitation and drought periods.
Transition Risks
- Decarbonization policies.
- Reduced demand for refined fuels.
- Potential regulatory limitation of flaring of associated gas.
Opportunities
- Increased demand for lower- or zero-carbon fuel.
- Opportunities to supply refineries with innovative feedstock.
- Development of energy-efficient products.
Reporting Standards
Frameworks Used: GRI Standards Core option, UN Global Compact
Certifications: ISO 14001, ISO 50001, OHSAS 18001/ISO 45001
Third-party Assurance: ISAE 3000 (Revised)
UN Sustainable Development Goals
- SDG 7 – Affordable and clean energy
- SDG 13 – Climate action
- SDG 8 – Decent work and economic growth
- SDG 16 – Peace, justice, and strong institutions
- SDG 1 – No Poverty
- SDG 4 – Quality education
- SDG 12 – Responsible Consumption & Production
- SDG 3 – Good Health & Wellbeing
- SDG 15 – Life on Land
- SDG 5 – Gender Equality
- SDG 17 – Partnerships for the Goals
- SDG 6 – Clean Water and Sanitation
OMV supports the SDGs through its projects and initiatives.
Sustainable Products & Innovation
- ReOil® technology
- Co-Processing technology
- Hydrogen solutions
- Advanced bioethanol
Awards & Recognition
- Industry Mover in RobecoSAM Yearbook 2019
- Prime Status according to ISS ESG rating
- AAA rating in MSCI ESG Ratings
- A– (Leadership) score from CDP
- Level 4 rating from Transition Pathway Initiative
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Health
- Safety
- Security
- Environment
Environmental Achievements
- Revised Environmental Management Standard to include minimum requirements on odor emissions.
- Implemented new waste management measures in Yemen, including waste segregation and recycling.
- OMV Petrom improved the Pipeline Integrity Management Program, prioritizing high-risk pipelines for replacement.
- No major hydrocarbon spill in 2020 (compared to one in 2019).
- Reduced total hydrocarbon spillage to around 41.4 m3 (from around 56.6 m3 in 2019).
- 65% of OMV sites, including all three refineries, certified to ISO 14001.
- 57% of OMV sites, including all three refineries, certified to ISO 50001.
- Developed a mobile application to help employees identify protected species.
Social Achievements
- Established a Group-wide health care standard with preventive initiatives and curative care.
- Organized health promotion activities, including the “Passport for Health” campaign at OMV Petrom.
- Supported local communities during the COVID-19 pandemic by donating medical equipment.
- OMV first aid facilities supported around 843 individuals in the local population.
- Organized 28 formal joint health and safety committees.
- Launched a new central reporting tool (OMV Synergi) for incidents, hazards, and HSSE walks.
- Rolled out a new Contractor HSSE Management Standard.
- Implemented Project STOP in three Indonesian cities to create circular waste management systems.
- Supported several biodiversity-related projects in New Zealand.
Governance Achievements
- Leadership responsibility for HSSE assigned to Executive Board members.
- Clear roles and responsibilities defined for all staff, line management, and senior management.
- Biannual online sharing sessions on safety culture, contractor HSSE management, and process safety.
- Quarterly Petrom Safety Committee meetings at OMV Petrom Board level.
- Implemented a harmonized set of process safety KPIs across the Group.
- Developed a process safety road map at Group level.
Climate Goals & Targets
- Achieve Zero work-related fatalities
- Stabilize Lost-Time Injury Rate at below 0.30 (per 1 million hours worked)
Environmental Challenges
- COVID-19 pandemic impacted audits and some operations.
- Operating in unstable geopolitical environments and high-risk countries.
- Aging infrastructure leading to spills and leaks.
- Water stress in some operating areas.
- Managing odor emissions.
- Plastic pellet loss.
Mitigation Strategies
- Pandemic Preparedness Standard and Business Continuity Standards helped manage COVID-19 impact.
- Robust security strategy and dedicated Country Security Managers in high-risk areas.
- Pipeline Integrity Management Program improvements and corrosion management plans.
- Water management plans for priority sites.
- Revised Environmental Management Standard with odor management requirements.
- Operation Clean Sweep® (OCS) participation and investment in water treatment systems to minimize pellet loss.
Supply Chain Management
Responsible Procurement
- Contractor HSSE Management Process
- OMV Code of Conduct
Climate-Related Risks & Opportunities
Physical Risks
- Water stress due to climate change
Reporting Standards
Frameworks Used: ISO 14001, ISO 45001, ISO 27001, ISO 50001, EMAS III, IOGP best practice guidelines, ASIS and UK Security Institute
Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 50001, EMAS III
UN Sustainable Development Goals
- 3.3
- 3.9
- 6.1
- 6.3
- 6.4
- 8.8
- 9.4
- 12.3
- 12.4
- 12.5
- 15.1
- 15.5
Initiatives contribute to these goals through various programs and projects related to health, safety, security, environment, water management, waste reduction, and biodiversity conservation.
Sustainable Products & Innovation
- MaxxMotion premium fuels
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Natural Resources Management
- Health, Safety, and Security
- People
- Ethical Business Practices
Environmental Achievements
- Reduced absolute Scope 3 emissions by 8% vs. 2019
- Reduced carbon intensity of operations (Scope 1) by 17% vs. 2010
- Reduced Scope 1 and 2 emissions by 23% vs. 2019
- Waste recovery or recycling rate of 63%
- 0.16% of freshwater withdrawal is in water scarce areas
Social Achievements
- 49.5 million EUR in community and social investments
- 490,275 hours of training in total
- 100% of new suppliers screened for social and environmental criteria
- Roadmap for disability support developed until 2030
Governance Achievements
- OMV Sustainability Report approved by the Executive Board and Supervisory Board
- Independent external assurance performed in accordance with ISAE 3000 (Revised)
- ESG targets weighted more strongly in variable remuneration for Executive Board (15% annual bonus, 30% LTIP)
Climate Goals & Targets
- Reduce absolute Scope 1 and 2 emissions by ≥60% vs. 2019
- Reduce absolute Scope 3 emissions by ≥50% vs. 2019
- Reduce carbon intensity of energy supply by ≥50% vs. 2019
- Zero routine flaring and venting of associated gas
- Establish CCS storage capacity of around 5 mn t/year CO2
- Increase share of women at management level to 30%
- Establish production capacity of approximately 2,000 kta sustainable polyolefins
- Reduce absolute Scope 1 and 2 emissions by ≥30% vs. 2019
- Reduce absolute Scope 3 emissions by ≥20% vs. 2019
- Reduce carbon intensity of energy supply by ≥20% vs. 2019
- Achieve an E&P methane intensity of ≤0.1%
- Stabilize TRIR at below 1.0 per 1 million hours worked
- Achieve zero work-related fatalities
- Increase share of women at management level to 30%
- Increase average number of annual learning hours to at least 30 hours per employee
- Establish production capacity of 600 kta sustainable polyolefins
- Reduce carbon intensity of operations (Scope 1) by ≥30% vs. 2010
- Achieve at least 1 mn t of CO2 reductions in 2020–2025 from operated assets
- Reduce carbon intensity of product portfolio (Scope 3) by >6% vs. 2010
- Achieve an E&P methane intensity of ≤0.2%
- Achieve a TRIR of around 1.0 per 1 million hours worked
- Achieve zero work-related fatalities
- Increase share of women at management level to 25%
Environmental Challenges
- Geopolitical risks (Russia-Ukraine conflict, sanctions, supply chain disruptions)
- Risk of imbalance between allocated certificates and emissions volumes required for company activities
- Risk of insufficient water availability
- Risk of soil and water contamination
- Risk of human rights abuse against communities stemming from OMV Group’s operations
- Risk of human rights abuse within OMV operations, business or joint venture partners
- Risk of not supporting OMV’s carbon management and climate change targets by purchasing more carbon-intensive products and services
- Risk of unethical business conduct
- Risk of non-compliance with environmental, emissions, and water laws
Mitigation Strategies
- Decarbonization strategy, including carbon reduction targets
- Capital Allocation Framework to facilitate investments in projects aligned with OMV’s climate targets
- Improving waste management plans
- Process safety measures and maintenance
- Training for all OMV employees and the internal communications team to raise general human rights awareness
- Integration of human rights in business processes
- Sustainable procurement targets
- Implementing a Compliance Management System
- Engagement with regulators to ensure laws are correctly interpreted and upheld
Supply Chain Management
Supplier Audits: 35% of A suppliers (suppliers covering >80% procurement spend) assessed
Responsible Procurement
- Screen all suppliers against mandatory ESG criteria during supplier prequalification
- Sustainability evaluations of all suppliers covering >80% of procurement spend
- Including sustainability performance and KPIs as part of awarding criteria
- Including human rights aspects in the prequalification phase, as well as in supplier and contractor audits
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity
- Droughts
- Floods
- Landslides
Transition Risks
- Lower demand for fossil fuel generation
- Limited utilization of refining capacities
- Loss of licenses
- Significant revenue losses
- Reputational damage
- Changes in carbon pricing mechanisms
Opportunities
- Development of innovative projects based on hydrogen, bioenergy, carbon, and geothermal models
- Intensifying strategic energy cooperation to generate renewable energy
- Developing new technologies and products to reduce the carbon intensity of conventional oil and gas products
Reporting Standards
Frameworks Used: GRI Standards (GRI Oil and Gas Sector Standard 2021), SASB Standard for Oil & Gas – Exploration & Production, TCFD recommendations, UNGC
Certifications: ISCC EU, ISO 50001, ISO 14001, ISO 45001, ISCC PLUS
Third-party Assurance: Independent external assurance (limited assurance)
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 9 (Industry, Innovation, and Infrastructure)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
- SDG 3 (Good Health and Well-being)
- SDG 6 (Clean Water and Sanitation)
- SDG 8 (Decent Work and Economic Growth)
- SDG 15 (Life on Land)
- SDG 4 (Quality Education)
- SDG 16 (Peace, Justice, and Strong Institutions)
OMV's initiatives contribute to these goals through various environmental, social, and governance programs.
Sustainable Products & Innovation
- Sustainable aviation fuels
- Renewable mobility fuels
- Green hydrogen
- Geothermal heat
- Recycled and biobased polyolefins
- Bornewables™
- Borvida™
- Borcycle™
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Natural Resources Management
- Health, Safety, and Security
- People
- Ethical Business Practices
Environmental Achievements
- Carbon intensity of operations reduced by 20% vs. 2010
- 0.70 mn t of CO2e reduced through concrete emissions reduction initiatives and divestments vs. 2020
- Scope 1 and 2 emissions reduced by 25% vs. 2019
- Volume of gas routinely flared and vented decreased from 240 mn m3 in 2022 to 53 mn m3 in 2023
- Waste recovery or recycling rate: 74%
- Energy efficiency measures implemented at our three refineries in 2023 have made it possible to achieve an annual reduction of more than 27.5 kt CO2e and energy savings of 654 TJ.
- Borealis increased the share of renewable energy consumed from 28% in 2022 to approximately 38% in 2023
Social Achievements
- 59.9% of employees on parental leave in 2023 were male
- 40.8% of participants in leadership development programs were female in 2023
- OMV’s first aid facilities supported 1,737 individuals in the local population in need of urgent care in 2023
- 15 clinics audited by OMV Corporate Health
- 51,729 voluntary health screenings
- 5,352 vaccinations
- 102,518 medical consultations
- 17,582 occupational health examinations
- 21,887 physiotherapy treatments
- 1,864 psychological consultations
Governance Achievements
- OMV’s Executive Board’s remuneration is linked to the achievement of our GHG emissions reduction targets
- Sustainability & Transformation Committee formed in 2021 to support the Company’s Supervisory Board in reviewing and monitoring OMV’s sustainability strategy, ESG-related standards, performance, and processes, and specifically, the Group’s performance in HSSE (Health, Safety, Security, Environment) and climate change.
- Group-wide GHG Management Framework defines how to measure, report, and manage GHG emissions
- OMV’s Capital Allocation Framework includes a strategic scoring methodology for investment projects based on four pillars: business strategic targets, financial metrics, risk profile, and climate targets impact.
Climate Goals & Targets
- Reduce absolute Scope 1 and 2 emissions by ≥60% vs. 2019
- Reduce absolute Scope 3 emissions by ≥50% vs. 2019
- Reduce carbon intensity of energy supply by ≥50% vs. 2019
- Establish production capacity of approximately 2,000 kta sustainable polyolefins and other chemicals
- Increase share of women at management level to 30%
- Min. 20% female Executive Board members
- Reduce absolute Scope 1 and 2 emissions by ≥30% vs. 2019
- Reduce absolute Scope 3 emissions by ≥20% vs. 2019
- Reduce carbon intensity of energy supply by ≥20% vs. 2019
- Establish production capacity of 600 kta sustainable polyolefins and other chemicals
- Achieve an E&P methane intensity of 0.1% or lower
- Zero routine flaring and venting of associated gas as soon as possible, but no later than 2030
- Increase share of women at management level to 25%
- Train all OMV Group employees in human rights
- Reduce carbon intensity of operations (Scope 1) ≥30% vs. 2010
- Achieve at least 1 mn t of CO2 reductions in 2020–2025 from operated assets
- Achieve an E&P methane intensity of 0.2% or lower
Environmental Challenges
- Significant decrease in fossil fuels and natural gas sales required to meet climate targets
- Need for neutralization measures such as CCS to achieve net-zero emissions
- Supply chain disruptions
- Water stress in some operating areas
- Risk of oil spills
- Risk of process safety incidents
- Maintaining high ethical standards in diverse operating environments
Mitigation Strategies
- Increase in zero-carbon product energy sales (sustainable and biobased fuels, green gas sales, renewable electricity)
- Increase in the recycling of polyolefins and sustainable feedstocks (approximately 2 mn t/year of circular products)
- Improved energy and operational efficiency, zero routine flaring and venting
- Development of around 5 mn t per year of CCS capacity until 2030
- Implementation of Water Management Plans
- Strict spill prevention and control plans
- Comprehensive process safety management measures
- Strong focus on business ethics and anti-corruption measures
Supply Chain Management
Responsible Procurement
- Code of Conduct
- Supplier sustainability requirements
- Human rights due diligence
- Social compliance checks
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity
- Extreme weather events
- Flooding
Transition Risks
- Regulatory changes
- Market shifts
- Decreased demand for fossil fuels
Opportunities
- Development of energy-efficient products
- Growth in renewable energy sales
- Development of CCS and CCU technologies
Reporting Standards
Frameworks Used: GRI, TCFD, UNGC, OGMP 2.0, ISCC EU, REDcert, ISCC PLUS, EU Taxonomy, API RP 754, REACH, CLP, OECD Guidelines for Multinational Enterprises, ILO, IFC Performance Standard 7, ILO Convention 169, UN Guiding Principles on Business and Human Rights, UK Modern Slavery Act 2015, ISO 27000, PCIDSS, NIS, ISO 50001, ISO 14001, ISO 45001, SA8000
Certifications: ISO 50001, ISO 14001, ISO 45001, ISCC EU, ISCC PLUS, REDcert, ISO 27000
UN Sustainable Development Goals
- SDG 7
- SDG 13
- SDG 3
- SDG 6
- SDG 12
- SDG 15
- SDG 8
- SDG 4
- SDG 10
- SDG 14
- SDG 11
The report details how OMV's initiatives contribute to various SDGs throughout the document.
Sustainable Products & Innovation
- Sustainable aviation fuels (SAF)
- Hydrotreated Vegetable Oil (HVO)
- Renewable mobility fuels
- Green hydrogen
- Geothermal heat
- Recycled and biobased polyolefins
- Circular base chemicals (Borvida™)
Awards & Recognition
- Family-Friendly Employer