Issued by OMV
On April 3, 2020 OMV, the international, integrated oil and gas company based in Vienna, published its 15th sustainability report – for the first time also in digital form, available here.
April 9, 2020 - On April 3, 2020 OMV, the international, integrated oil and gas company based in Vienna, published its 15th sustainability report – for the first time also in digital form, available here.
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;
- 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. The OMV Sustainability Report 2019 is available for download here and can be visited here as a digital report.
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of around 20,000 employees in 2019, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. Daily average production was 487,000 boe/d in 2019. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and Trading JV, with a total annual processing capacity of 24.9 mn tons. Furthermore, OMV has a 36% participation in Borealis, one of the world’s leading producers of polyolefins. The Company operates about 2,100 filling stations in ten European countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2019, gas sales volumes amounted to around 137 TWh. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.
OMV Public Relations
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions - in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, the North Sea, the Middle East and Africa as well as Asia-Pacific as further core regions. In Downstream, OMV operates three refineries and more than 2,000 filling stations in ten countries.
We supply the society with energy reliably and responsibly - but we want more: We want to shape the energy of tomorrow. That's why we have set ourselves sustainability targets for 2025. This not only means 19% less CO2, using resources more efficiently and developing CO2-neutral energy sources - we will also use waste as a new raw material. With our ReOil innovation, we are turning plastic waste back into high-quality oil. This will enable us to recycle up to 50% of Austria's plastic waste and make it useful again.
To learn more about OMV’s sustainability please visit https://www.omv.com/en/sustainability.
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