Net-Zero Transformation
We understand the urgency of climate action and our climate ambition is informed by the goals of the Paris Agreement. We’re taking concrete steps to reduce greenhouse gas emissions associated with our operations and selected value-chain activities. This includes upgrading our portfolio with geothermal heat with low operational greenhouse gas emissions and a share of lower-carbon, renewable, and circular products, supported by certification or lifecycle data.
Under OMV’s Strategy 2030, we have established interim climate targets. These targets are set at an absolute and intensity level with the ultimate ambition of achieving net zero* greenhouse gas (GHG) emissions in Scopes 1, 2, and 3 by 2050. We use 2019** as our base year for all targets. We also identified key decarbonization levers, which are being implemented through our Climate Transition Plan with defined actions until 2030. Beyond 2030, future actions and investment decisions will be reviewed and updated as technologies, markets, and regulatory requirements evolve as part of OMV's pathway towards its net-zero ambition for 2050.
Intensity targets
Carbon intensity of energy supply
-1%
Reduced carbon intensity of energy supply vs. 2019
-10%
Reduce carbon intensity of energy supply by -10% vs. 2019
-25%
Reduce carbon intensity of energy supply by -25% vs. 2019
Methane intensity
0.3%
E&P methane intensity
Lower than 0.2%
Achieve methane intensity lower than 0.2%
Lower than 0.1%
Achieve methane intensity lower than 0.1%
Absolute Targets
Scope 1 and 2
-26%
Reduced Scope 1 and 2 emissions vs. 2019
-30%
Reduce Scope 1 and 2 emissions by -30% vs. 2019
-60%
Reduce Scope 1 and 2 emissions by -60% vs. 2019
Scope 3
-19%
Reduced Scope 3 emissions vs. 2019
-20%
Reduce Scope 3 emissions by -20% vs. 2019
-50%
Reduce Scope 3 emissions by -50% vs. 2019
Flaring and Venting
13mn Sm³
Volume of gas routinely flared and vented in 2025
0
Zero routine flaring and venting of associated gas as soon as possible, but no later than 2030
Further details and definitions for the Net-Zero Transition targets can be found in the Chapter E1 of our Sustainability Statement.
*The commitment “net-zero business by 2050” covers the greenhouse gas (GHG) emissions of our operations (Scopes 1 and 2), and our product portfolio and other Scope 3 emissions along the value chain. For our interim GHG targets for 2030 and 2040, Scopes 1 and 2 and the following Scope 3 categories are included: Category 11: Use of Sold Products for energy supply, Category 1: Purchased Goods (feedstocks) from OMV’s Chemicals business segment, and Category 12: End-of-Life of Sold Products for non-energy use.
**2019 is used as the base year because it was the last full year before the COVID-19 pandemic and the majority of the OMV Group’s assets were operating for the whole of the year.