OMV Petrom supports Task Force on Climate-related Financial Disclosures (TCFD)

OMV Petrom has become the first company in Romania to support the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Going forward, OMV Petrom will deepen its analysis and disclosure on climate change risks and mitigation in line with the TCFD recommendations.

OMV Aktiengesellschaft is also a TCFD supporter and has published a TCFD Index on climate-change-related considerations in the operational elements of governance, strategy, risk management, and metrics and targets annually since 2019. The latest TCFD Index can be viewed here .

The TCFD recommendations are designed to aid companies in reporting consistent, useful, forward-looking information on the material financial impacts of climate-related risks and opportunities, for use by lenders, insurers, investors and other stakeholders. Over 1,300 organizations worldwide have affirmed their support for the TCFD since its voluntary recommendations were released in 2017.

Read more about OMV Petrom’s support for the TCFD here.