Ethical Business Practices
Acting ethically and with integrity is part of OMV’s corporate culture and shall guide decision-making at all levels of the organization. Our aspiration is to base the decisions we make every day on the highest ethical standards. After all, trust and integrity are among the most important values a company can possess.
We pursue a zero-tolerance policy with regard to bribery, fraud, and other forms of corruption and are committed to respecting and upholding the principles of the United Nations Convention against Corruption, the OECD Anti-Bribery Convention, and all applicable national anticorruption legislation. We take account of the sociocultural norms and business practices in the different countries we operate in, and ensure they are not at variance with our fundamental ethical principles. OMV believes in sound corporate governance, transparency at management level, and internal control structures to strengthen stakeholder confidence. As a listed company, we are subject to strict regulations.
TfS and Supplier Sustainability Evaluations
80%
of procurement spend evaluated
80%
Be an active member of TfS and conduct sustainability evaluations of all suppliers covering > 80% of Procurement spend
80%
Ensure that 100% of suppliers representing 80% of Procurement spend have a valid TfS sustainability assessment and/or audit in place
Carbon footprint of suppliers
100%
Suppliers engaged
80%
Engage with suppliers covering 80% of Procurement spend to assess their carbon footprint
80%
Maintain active climate-related engagement with all suppliers covering 80% of Procurement spend to define and run joint low-carbon initiatives
Business ethics
10,501
Employees in the OMV Group trained in business ethics
achieve
Conduct in-person or online business ethics trainings for all targeted employees
achieve
Promote awareness of ethical values and principles amongst all targeted employees
Further details and definitions for the Ethical Business Practices targets can be found in the Chapter G1 of our Sustainability Statement.