Associated Memberships

In line with the Paris Climate Agreement and the EU climate targets, OMV has the ambition of becoming a net-zero company by 2050. This ambition covers greenhouse gas emissions from its operations and value chain (Scope 1, Scope 2, and Scope 3) and is supported by interim targets as well as the OMV Climate Transition Plan, which sets out concrete actions through 2030. OMV has endorsed the World Bank initiative “Zero routine flaring by 2030” with the aim to end the routine flaring and venting of associated gas during oil production by 2030.

As part of the company’s transparency on climate action, OMV intends to report not only on its own position and action on climate change but also on the position of the industry associations of which OMV is a member. A review process was established in early 2020 to assess whether the main associations of which OMV is a member also support the Paris Agreement. 

In cases of misalignment, especially partial misalignment, OMV will first advocate for changes in the association’s position. Where OMV’s position and an association’s position continue to fail to align, OMV will reassess its membership. If OMV is not able to influence the association to adopt a more aligned position, it will consider ending the participation or membership.