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Targets & Commitments

We are committed to building a sustainable world worth living in – for everyone. Sustainability and circularity lie at the center of our Group strategy. We aim to become a net-zero-business by 2050, accelerate the energy transition, and proactively expedite the transition from a linear to a circular economy. We build positive relationships with our employees, communities, suppliers, and other stakeholders, including by addressing social and economic effects of the transition to an environmentally sustainable economy. Our Sustainability Framework is built around the three pillars Environmental, Social, and Governance (ESG).

Our Strategy 2030 is underpinned by this sustainability framework, with all business decisions being informed by our ambition to become a net-zero business. Within this sustainability framework, we have established five strategic focus areas: Climate Change; Natural Resources Management; Health, Safety & Security; People; and Ethical Business Practices. For each of these focus areas, we have formulated concrete commitments, targets, and actions to be achieved by 2030, which mark OMV’s contribution to the UN 2030 Agenda for Sustainable Development.

img_Header climate change

Intensity Targets
 

Carbon intensity of operations

 

–18%

Status 2021

Reduced carbon intensity of operations (Scope 1) vs. 2010

≥30%
Target 2025

Reduce carbon intensity of operations (Scope 1) by ≥30% vs. 2010




Carbon intensity of energy supply
 

–2.8%

Status 2021

Reduced carbon intensity of energy supply vs. 2019

≥20%
Target 2030

Reduce carbon intensity of energy supply by ≥20% vs. 2019

≥50%

Target 2040

Reduce carbon intensity of energy supply by ≥50% vs. 2019

 

 


Carbon intensity of the product portfolio
 

–5%

Status 2021

Reduced carbon intensity of product portfolio (Scope 3) vs. 2010

>6%
Target 2025

Reduce carbon intensity of product portfolio (Scope 3) by >6% vs. 2010

     


Methane intensity
 

0.6%

Status 2021

E&P methane intensity
 

0.2%
Target 2025

Achieve an E&P methane intensity of 0.2% or lower

0.1%

Target 2030

Achieve an E&P methane intensity of 0.1% or lower

     


Absolute Targets
 

Scope 1
 

0.53 mn t

Status 2021

reduced through concrete emissions reductions initiatives and divestments since 2020

1 mn t
Target 2025

Achieve at least 1 mn t CO2 reductions in 2020–2025 from operated assets

     


Scope 1 and 2
 

-11%

Status 2021

Reduced Scope 1 and Scope 2 emissions vs. 2019

≥30%
Target 2030

Reduce Scope 1 and Scope 2 emissions by ≥30% vs. 2019

≥60%

Target 2040

Reduce Scope 1 and Scope 2 emissions by ≥60% vs. 2019

     


Scope 3
 

+2%

Status 2021

Increased Scope 3 emission vs. 2019

≥20%
Target 2030

Reduce Scope 3 emissions by ≥20% vs. 2019

≥50%

Target 2040

Reduce Scope 3 emissions by ≥50% vs. 2019

     



Flaring and Venting
 

410 mn m3

Status 2021

Volume of gas routinely flared in 2021 vs. 462 mn m3 in 2020

0
Target 2030

Zero routine flaring and venting of associated gas as soon as possible, but no later than 2030

     


Key Actions:

  • Phase out routine flaring and venting
  • Conduct energy efficiency programs
  • Run methane leakage and repair programs
  • Purchase 100% renewable energy in C&M
  • Decrease fossil fuels production and sales (reducing oil and gas production levels to below 400 kboe/d and reducing crude distillation throughput by 2.6 mn t)
  • Grow production of renewable mobility fuels and sustainable chemical feedstocks to approximately 1.5 mn t annually, including producing and marketing at least 700 kt of sustainable aviation fuels annually
  • Develop CCS storage capacity of around 5 mn t/year CO2 net to OMV by 2030 (thereof 2 mn t/year at OMV Petrom)
  • Build up around 10 TWh of renewable energy production (including geothermal, PV, wind)
  • Pursue uptake of green gases, such as biogas and H2, primarily from trading, in gas sales portfolio mix

img_header natural resources management

Circular materials
 

91 kt

Status 2021

of circular material (recyclates and biobased material) sold via Borealis; production capacity of 100 kt established at Borealis

350 kta
Target 2025

Produce 350 kta recycled polyolefins

 

2,000 kta

Target 2030

Produce ~2,000 kta sustainable (includes recycled and biobased) polyolefins
 

 



Fossil resources
 

486 kboe/d

Status 2021

Production: 486 kboe/d; crude throughput:
15.7 mn t

 

400 kboe/d
Target 2030

Reduce natural resources use by reducing oil and gas production levels to below 400 kboe/d and by reducing crude distillation throughput by 2.6 mn t

 

 

Waste
 

68%

Status 2021

Waste recovery or recycling rate

img_icon_targets

Target 2025

Increase waste reuse and recycling from operations

img_icon_targets

Target 2030

Increase waste reuse and recycling from operations

 

 

 

Water withdrawal

 

332,901
 

Status 2021

megaliters of freshwater withdrawal

img_icon_targets
Target 2025

Reduce freshwater withdrawal
 

img_icon_targets

Target 2030

Reduce freshwater withdrawal
 


 

Key Actions:

  • Build up capabilities for procurement of sustainable feedstocks (plastic waste and bio-feedstocks) for polyolefins
  • Accelerate development of and scale advanced mechanical recycling business and chemical recycling business
  • Develop and implement a sustainable product portfolio for biobased polyolefins
  • Build up design for recycling and reuse businesses for polyolefins
  • Optimize water management in operations
  • Develop environmental targets
     

img_header health_safety_security

TRIR
 

0.96

Status 2021

Total Recordable Injury Rate (TRIR)
 

1.0
Target 2025

Achieve a Total Recordable Injury Rate (TRIR) of around 1.0 per 1 mn hours worked

<1.0

Target 2030

Stabilize Total Recordable Injury Rate (TRIR) at below 1.0 per 1 mn hours worked

 


Fatalities

3

Status 2021

work-related fatalities
 

0
Target 2025

Achieve zero work-related fatalities

0

Target 2030

Achieve zero work-related fatalities

 


Process Safety
 

0.23
 

Status 2021

Process Safety Event Rate
 


img_icon check
Target 2025

Increase waste reuse and recycling from operations
 

img_icon check

Target 2030

Increase waste reuse and recycling from operations

 


 

Key Actions:

  • Develop HSSE Strategy and annual HSSE plans
  • Continue Borealis integration
  • Safety Leadership Program and Safety Culture Program
  • Continuously improve process safety management
  • Learn from incidents

img_header people

Women in management
 

20.9%

Status 2021

Share of women at management level

25%
Target 2025

Increase share of women at management level to 25%

30%

Target 2030

Increase share of women at management level to 30%

 

 

Women in executive management
 

26.7%

Status 2021

of Executive Board members are female
 

20%
Target 2030

Min. 20% of Executive Board members are female (stretch target: 30%)

 

 

International experience
 

71.8%

Status 2021

Share of executives with international experience
 

75%
Target 2025

Keep share of executives with international experience at min. 75%

75%

Target 2030

Keep share of executives with international experience at min. 75%

 

 

International management
 

60%

Status 2021

Share of international management
 

65%
Target 2030

Increase average number of annual learning hours to a min. of 30 hours per employee

 

 

Employee training
 

18

Status 2021

hours of annual learning
 

30
Target 2030

Increase average number of annual learning hours to a min. of 30 hours per employee

 

 

Disability support
 

img_icon_targets

Status 2021

Disability included in diversity, equity, and inclusion strategy

 
img_icon status
Target 2030

Increase support for employees with disabilities at our main locations
 

 


 

Human rights awareness
 

54%

Status 2021

OMV Group employees trained in human rights

100%

Target 2025

Train all OMV Group employees in human rights

 

 


Human rights due diligence
 

8

Status 2021

assessments conducted in the last 5 years

 

100%
Target 2030

Conduct human rights assessments and develop action plans for all OMV Group operations with a high level of human rights risks every 5 years

 

 

Community relations
 

7

Status 2021

out of 9 sites in Scope assessed
 

100%

Target 2025

Community Grievance Mechanism of all sites assessed against UN Effectiveness Criteria

 

 

Community investments
 

1.46%1

Status 2021

of Group investment directed toward social goals


 

1%
Target 2030

Direct at least 1% of Group investment per year toward social goals (based on previous year’s reported net income attributable to stockholders of the parent)

 

Key Actions:

  • Establish a global DEI Board/Council
  • Conduct regular global people and culture surveys
  • Regularly report on gender-related salary equality
  • Regularly report on age distribution to identify gaps and foster inter-generational collaboration
  • Introduce a non-discrimination policy
  • Improve support for working parents
  • Improve support for employees with disabilities
  • Introduce yearly learnings awards
  • Provide employees with the ability to self-monitor their learning hours
  • Roll out new leadership training and assessment to reinforce inclusive and growth mindset behavior
  • Introduce mandatory human rights e-learning
  • Integrate climate change and Just Transition into the Human Rights Management System
  • Pursue a social investment strategy addressing the UN SDGs and reflecting a continued increase in social spending

1 The reported net income attributable to stockholders of the parent in 2020 experienced significantly negative effects following the COVID-19 pandemic, reaching only EUR 1,258 mn. In 2021, OMV’s reported net income attributable to stockholders of the parent was EUR 2,093 mn. Strategic social investments totaled EUR 18.4 mn in 2021.

img_header ethical business pratices

Supplier evaluation
 

 
img_icon status

Status 2021

OMV became a TfS member



 

>80%
 
Target 2025

Be an active member of TfS and run sustainability evaluations for all suppliers covering >80% of procurement spend

90%
 

Target 2030

Extend sustainability evaluations to suppliers covering 90% of procurement spend
 

 


Carbon footprint of suppliers
 

137

Status 2021

suppliers engaged with

 

80%
Target 2025

Engage with suppliers covering 80% of procurement spend and assess their carbon footprint as a foundation to define and run joint low-carbon initiatives

 

 

Carbon footprint of suppliers
 

63%
 

Status 2021

of responding suppliers have a climate target in place

img_icon status
Target 2030

All suppliers covering >80% of procurement spend to have carbon reduction targets in place
 



Business ethics
 

16,020
 

Status 2021

employees in the OMV Group trained in business ethics

img_icon status
Target 2025

Promote awareness of ethical values and principles: conduct in-person or online business ethics trainings for all employees
 

 


 

Key Actions:

  • Screen all suppliers against mandatory ESG criteria during supplier prequalification
  • Foster the digital availability of compliance services and information, in particular by broadening the functions of the OMV Compliance app
  • Operate a state-of-the-art compliance management system (verified and approved under IDW PS 980 standard in 2022)