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OMV presents the Sustainability Strategy 2025

  • OMV sets itself 15 sustainability targets
  • Up to EUR 500 mn investment in innovative energy solutions by 2025

Downloads:
Sustainability Strategy Handout (PDF, 5,0 MB)
Factsheet Sustainability Strategy 2025 (PDF, 1,9 MB)
Sustainability Report 2017 (PDF, 6,6 MB)


Blog und Links:
Sustainable and responsible in the oil and gas industry

Press Conference Webcast


Growing demand for energy and accelerating climate change pose immense challenges for the energy sector. The key lies in finding the balance between climate protection efforts, affordable energy, and reliable supply. Alternative energy systems as well as economically viable and scalable technologies for industry and the private sector must be developed. Here, OMV will make a significant contribution to the sustainable energy supply of future generations.

Our goal is to provide ‘oil and gas at its best’. We are convinced that a responsible approach to oil and the increased use of gas will support the energy transition. Together with other energies, oil and gas will secure the energy needs of the future.

The Sustainability Strategy 2025 is part of OMV’s Corporate Strategy 2025. The five focus areas: “Health, Safety, Security and Environment (HSSE)”, “Carbon Efficiency”, “Innovation”, “Employees”, as well as “Business Principles and Social Responsibility” include fifteen measurable targets:

Health, safety, security and the environment are the top priority for OMV. In order to make its vision Zero harm No losses a reality, OMV is committed to proactive risk management. Thanks to this, OMV occupies a leading position among its peers in the industry. Building on this success, OMV has set the goal of stabilizing the lost-time injury frequency rate (= number of lost-workday injuries per million hours worked) at under 0.3 and maintaining its leading position in process safety in order to protect people and the environment.
 

Targets and further information:

1) Zero work related fatalities
Comparative figure 2017: 2 
Scope: Employees and contractors  

2) Stabilize Lost-Time Injury Rate at below 0.30 (per 1 million working hours)
Comparative figure 2017: 0,34
Lost-Time Injury Rate reflects the number of accidents with a lost working day per one million worked hours.
Scope: Employees and contractors  

3) Keep leading position for Process Safety Event Rate
Comparative figure 2017: 0,2
Competition 2017: > 0,5

Further information:
Process Safety Event (PSE) Rate: Number of Tier 1 and Tier 2 PSE per million hours worked.
Tier 1 PSE relates to a release of any material, leading to an employee or contractor having an accident resulting in a day off work, or leading to considerable impacts on environment or society. Tier 2 PSE relates to a leakage with minor impacts on employees, contractors, environment or society.

More information:

Supported United Nations Sustainable Development Goals (SDGs):

SDG 3 – Good Health and Well-Being
SDG 6 – Clean Water and Sanitation
SDG 8 – Decent Work and Economic Growth
 
OMV is committed to the goals of the Paris Climate Agreement, the EU climate targets for 2030, and the climate and energy strategy of the Austrian Federal Government derived from these. The area of carbon efficiency defines OMV’s contribution to the creation of a lower-carbon energy system. Taking the figures from the baseline year 2010, by 2025 OMV aims to reduce the carbon intensity of its business activities by 19% by implementing the World Bank’s “Zero Routine Flaring by 2030” initiative, amongst other measures. The carbon intensity of the product portfolio should be reduced by 4%.

As predicted by the International Energy Agency, oil and gas will continue to play a crucial role in the global transformation of the energy mix in the coming decades. Oil remains a valuable and important raw material which, however, will be refined in petrochemical processes rather than burned. OMV focuses on high-quality refinery products such as low-emission premium fuels, and feedstocks for the chemical industry. Gas will play a decisive role in the energy transition. It can be used in almost all areas and also enables a rapid coal phase-out. In electricity production, gas emits 50% less carbon than coal. OMV will increase the share of gas in its portfolio to over 50% and also aims to double gas sales in Europe. 
 

Targets and further information:


4) Reduce OMV‘s carbon intensity of operations by 19% until 2025 (vs. 2010)
Further information: Carbon intensity of operations: are CO2eq emissions produced to generate a certain business output using the following business specific metric (Upstream: t CO2eq / toe produced, Refineries: t CO2eq / t throughput, Power: t CO2eq / MWh produced) consolidated to a OMV Group Carbon Intensity Operations Index based on weighted average of business segments carbon intensity
 

5) Reduce the carbon intensity of OMV‘s product portfolio by 4% until 2025 (vs. 2010)
Further information: OMV Carbon Intensity of product portfolio: measures the CO2eq emissions generated by the usage of OMV’s products sold to third parties in t CO2e/toe sold.


6)  Zero routine flaring and venting of associated gas by 2030
More information on the Worldbank´s initiative 'Zero Routine Flaring by 2030', that OMV supports 
Blog

Further information: 
Carbon Efficiency
Sustainability Report pages 24ff and 29ff
 

Supported United Nations Sustainable Development Goals (SDGs):

SDG 7 – Affordable and Clean Energy 
SDG 13 – Climate Action

In total, OMV will invest up to EUR 500 mn by 2025 in innovative energy solutions such as ReOil and Co-Processing, for a lower-carbon future. Establishing gas as an energy source of the future requires seeking out and analyzing technologies for the cost-effective use of climate-neutral gas. Innovative enhanced oil recovery projects strive to make oil production more environmentally efficient.

In the ReOil research and development project, waste plastics are converted back into high-quality crude, which can then be further processed into fuels or high-quality plastics. The pilot plant at Schwechat Refinery processes 100 kg of waste plastics per hour to produce 100 l of synthetic crude. OMV aims to develop ReOil into a profitable, industrial-scale process with a capacity of around 200,000 tonnes per year. 

Co-Processing is an innovative method in which biogenic substances such as rapeseed oil and used food-grade oils are refined together with crude oil to produce diesel with a higher bio content. In contrast to conventional biofuel mixtures, Co-Processing improves fuel quality, in particular in regards to the energy content. OMV aims at raising the part of sustainable feedstock co-processed in the refineries to ~ 200.000 t per year by 2025.

Targets and further information:

7) OMV aims at developing ReOil to an industrial scale process (unit size of ~200,000 tons per year) with commercially viable economics until 2025 
Status 2018: ReOil pilot plant with a capacity of 100 kg/h
More information on ReOil

8) OMV aims at raising the share of sustainable feedstock co-processed in the refineries to ~ 200.000 t per year by 2025 
More information on Co-Processing   

9) Increase the recovery factor in the CEE region in selected fields by 5-15 percentage points until 2025 through innovative Enhanced Oil Recovery methods 
The projects are targeted, amongst others, at an ecologically more efficient oil production in the overall portfolio.  Through the increase of the recovery rate in mature fields, we reduce the environmental impacts and impacts on society of our overall portfolio.  OMV Austria is investing in the development and implementation of state-of-the-art technologies to further recover more of the deposits in our mature fields. OMV Austria acts as a "field laboratory" for testing and developing new technologies. 

Further information: 
Sustainability Report page 36

Supported United Nations Sustainable Development Goals (SDGs):

SDG 8 – Decent Work and Economic Growth 
SDG 9 - Industry, Innovation and Infrastructure
SDG 12 – Responsible Production and Consumption 
SDG 13 – Climate Action 
 

OMV sees its employees as the key to its success. Diversity is a high priority, which is why targeted measures are also planned in this area. In particular, OMV is striving to increase the proportion of women at management level to at least 25% from the current level of 18%. Measures to this end include leadership and mentoring programs. Another goal is to keep the proportion of executives with international experience at 75%. 

Targets and further information:


10) Increase share of women at management level to 25% by 2025 
Comparative figure 2017: 18%
Management: Executives and Advanced career level that includes Senior Vice Presidents, Vice Presidents, Heads of Department, Senior Advisors
More on diversity in OMV

11) Keep high share of Executives with international experience at 75%
Comparative figure 2017: 74%
by „international experience“ we mean having lived and worked abroad for three years or more

Further information: 
Sustainability Report page 38ff
 

Supported United Nations Sustainable Development Goals (SDGs):

SDG 5 – Gender Equality
SDG 10 – Reduced Inequalities 

OMV can look back on a long history of doing business in a socially responsible way and creating added value for society. The guidelines for these activities are the United Nations (UN) Global Compact, the UN Guiding Principles for Business and Human Rights, and the UN Sustainable Development Goals. By 2025, OMV will review its stakeholder dialog at all sites according to the UN’s effectiveness criteria and train employees in human rights and business ethics issues. Compliance with business principles also needs to be ensured at suppliers, which is why sustainability audits are increasingly being carried out.

Targets and further information:

12) Promote awareness of ethical values and principles: conduct in-person or online Business Ethics trainings for all employees 
More on Business Ethics and Anti Corruption
 

13)  Assess Community Grievance Mechanism of all sites against UN Effectiveness Criteria by 2025
Grievance Mechanisms are established at all OMV operating sites. Excerpt from the UN Effectiveness Criteria: Transparency, Accessibility, Source of continuous learning, Dialogue based.

14) Conduct human rights trainings for all employees exposed to human rights risks by 2025 
More on human rights at OMV

15) Increase the number of supplier audits covering sustainability elements to >20 per year by 2025 
More on Supply Chain Management at OMV

Further information:
Sustainability Report, Page 43ff
 


Our public commitments

OMV is a signatory to the United Nations (UN) Global Compact and is fully committed to the UN Guiding Principles on Business and Human Rights. As an integrated oil and gas company with an international presence, through projects and initiatives we continue supporting the Sustainable Development Goals (SDGs) defined by the UN General Assembly in 2015. Our projects and Key Performance Indicators (KPIs) are assessed with regard to their contribution to the SDGs. OMV recognizes that climate change is one of the most important global challenges and acknowledges the goals set forth by the Paris Climate Change Agreement. As part of our carbon strategy, we have endorsed World Bank’s “Zero routine flaring by 2030” initiative to end the routine flaring and venting of associated gas during oil production by 2030.