OMV retains its leadership score in CDP Climate Change
- CDP ranks OMV “Leadership A–” in the climate change category
- OMV among top 20 oil and gas companies worldwide
- OMV one of the five best companies in Austria across all sectors
CDP has published the results of its latest analysis of 9,526 companies worldwide in the climate change category. OMV was awarded the ranking of “Leadership A–” for the fifth time in a row in this category, making it one of the top 20 companies in the global oil and gas sector. In Austria, OMV is one of the five highest ranked companies among all sectors. Since 2011, OMV has been providing data to CDP for being evaluated on its transparency and performance with regard to climate change.
OMV CEO Rainer Seele: "Achieving a CDP climate score of "Leadership A–" for another year confirms OMV´s actions towards its commitments on climate change and efforts to integrate carbon management into our business strategy, manage climate risks, and improve our carbon footprint."
CDP is a not-for-profit organization that runs the leading global disclosure system for the management of environmental impacts. It is regarded as the number one climate research provider by investors and works with institutional investors, managing assets of USD 106 trillion. The CDP methodology scores organizations’ progress towards environmental stewardship and has built up the world's most comprehensive collection of self-reported environmental data.
OMV’s achievements in sustainability are evaluated every year by multiple ratings agencies in the fields of Environment, Society and Governance (ESG). In 2020, OMV was awarded Prime Status by ISS ESG, AAA status by MSCI, and level 4 (highest level) on carbon management quality by the Transition Pathway Initiative. Additionally, OMV was recently rated as an industry leader by Sustainalytics, scoring a 28.4 (medium risk) in the new Sustainalytics ESG Risk Rating. OMV’s stellar performance has also been confirmed by its inclusion in the Dow Jones Sustainability Index (SAM, a part of S&P Global), MSCI ACWI ESG Leaders Index, MSCI ACWI SRI Index, FTSE4Good Index Series, STOXX® Global ESG Leaders, S&P Europe 350 ESG Index, Euronext Vigeo Europe 120 index, Euronext Vigeo Eurozone 120 index and ECPI Indices.
You can find more information on the OMV Sustainability Strategy 2025 at: www.omv.com/sustainability
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 75% 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. 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.