Our Strategy
The most significant transformation in our company’s history is underway. With Strategy 2030, we are further developing our portfolio as an integrated energy, fuels and chemicals company.
Our strategy is intended to support long-term value creation while addressing defined sustainability-related priorities, including emissions reduction targets and selected circular and lower-carbon business initiatives. The targets for 2030 are:
- a 30% reduction in Scope 1 and 2 emissions
- a 20% reduction in Scope 3 emissions
We are working towards becoming a net-zero business by 2050 while continuing to provide reliable energy and products needed by our customers throughout the transition. You can find more information in our Transition Plan for Climate Change Mitigation.
We’re moving forward for good
The implementation of Strategy 2030 is advancing well, with milestones reached across all our business segments. In the past two years, we have launched a range of innovative projects that embody our purpose of reinventing everyday essentials.
Our approach is methodical and grounded in what is achievable, building upon our core competencies while keeping an eye on the broader vision for 2030. This means responsibly using the cash flows from our core businesses to support selected investments in new and lower-carbon business areas.
We are steadily optimizing our product portfolio, ensuring that we can continue to meet our customers’ needs. Natural gas remains a key enabler of OMV’s transformation, with OMV Petrom becoming a leading market player in this area in Southeast Europe.
Lighthouse Projects
Discover selected projects that illustrate specific elements of OMV’s Strategy 2030 transformation.