Ethical Business Practices
At OMV, responsible business conduct is based on fairness, integrity, and clear governance standards.
OMV generates direct and indirect economic value in numerous countries worldwide. We therefore hold ourselves to clear ethical standards, as outlined in the OMV Code of Conduct and Code of Business Ethics, wherever we operate. We also expect our business partners to align with the standards set out in our Code of Conduct. OMV is a signatory to the UN Global Compact and conducts its activities with reference to the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.
Ethics & Integrity
Ethical conduct is embedded in our company culture and forms decision-making at all levels. OMV has established an Ethics & Integrity Policy, which defines the core principles for acting ethically and with integrity (“Ethics & Integrity Principles”). These principles guide how we do business and describe the conduct we expect, in addition to compliance with laws and regulations.
Business Ethics and Anti-Corruption
Our Code of Business Ethics, approved by the Executive Board, is central to our governance procedures. Together with our Ethics & Integrity Policy and our Code of Conduct, it shapes our approach to ethical conduct and applies in all countries where we operate.
The Code of Business Ethics sets out a zero-tolerance policy on bribery, fraud, theft, and other forms of corruption and covers:
- Conflicts of interest
- Bribes and facilitation payments
- Intermediaries and lobbyists
- Gifts and hospitality
- Donations
- Competition and anti-trust law
- Trade control and embargoes
The Code of Business Ethics applies to all of our employees. Last revised in 2026, it is aligned with both Austrian law and key international anti-corruption legislation, including the OECD Anti-Bribery Convention and the UK Bribery Act.
Compliance management system
Our compliance framework supports the implementation of our standards and monitors compliance with applicable laws and regulations, our Code of Business Ethics, and the Ethics & Integrity Policy. The effectiveness of the compliance management system is regularly evaluated and has been certified according to the IDW PS 980 standard by external auditors.
Risk analysis of compliance
We carry out regular risk analyses to support continuous improvement. This includes monitoring external and internal risk factors, such as regulatory changes, recent developments, and incidents, and assessing their potential impacts.
Conducted annually, this risk analysis forms a part of our Enterprise-Wide Risk Management system. It is conducted in cooperation with local compliance officers and the Risk and Insurance Management Department.
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Supply Chain
Procurement and compliance
All suppliers are required to comply with applicable legal requirements and OMV’s HSSE standards. To support alignment with our principles and address risks related to forced labor, slavery, and human trafficking, supply chain partners are required to sign our Code of Conduct. If suppliers fail to comply with our policies and do not address the situation adequately and in a timely manner, OMV may end the business relationship.
In addition, suppliers of OMV Supply & Trading Ltd. are required to sign a business ethics clause confirming that their activities will be conducted in accordance with applicable laws, governance requirements, and recognized ethical standards.
OMV conducts two types of audits of suppliers and contractors: on-site “Together for Sustainability” audits, which review selected sustainability-related practices, and remote full-scope audits performed by an external auditor. These audits are carried out as part of the prequalification process and/or during contract execution. They cover topics such as financial stability, strategy and organization, supply chain, social and environmental matters, and cybersecurity. Where a supplier does not meet OMV’s standards of integrity or does not have suitable controls in place, we assess whether improvements can be implemented. If this is not possible, OMV may terminate the relationship with the supplier.
Working with local suppliers
We encourage local procurement to contribute to value creation in the communities where we operate. We support local suppliers in strengthening their capabilities to meet OMV’s technical, HSSE, and business standards.
You can find our Code of Conduct (as part of General Conditions of Purchase at OMV) here.