ESG Disclosure at OMV
OMV is dedicated to transparent, group-wide ESG disclosure, providing an annual CSRD-compliant sustainability statement, regular reporting on climate, policy, and human rights commitments, and engaging with independent ESG ratings and assessments. Our approach follows international standards and regulations, ensuring stakeholders have access to reliable and up-to-date information.
Our main disclosures include:
- The OMV Sustainability Statement, which outlines our key environmental, social, and governance (ESG) commitments, progress metrics, and targets; this statement is published annually as part of our annual report
- Responses to questionnaires from various ESG ratings agencies, providing independent assessments of our sustainability performance
- The Public Policy and Association Review, which assesses OMV’s public policy positions and those of our industry associations for alignment with the Paris Agreement
- Annual reporting on our progress in aligning with the UN Global Compact’s sustainability principles, as a signatory of the initiative
- Annual progress reports to the World Bank on our commitment to phasing out routine flaring and venting by 2030, as part of the “Zero Routine Flaring by 2030” Initiative
- Annual reporting to the Oil & Gas Methane Partnership (OGMP 2.0) on methane emissions and operational processes
- Annual reporting to the Oil and Gas Decarbonization Charter (OGDC) on the progress of our decarbonization commitments
- Annual reporting on our implementation of the Voluntary Principles on Security and Human Rights (VPSHR), which requires a meaningful program to identify and manage security and human rights risks that could negatively impact people, communities, business operations, reputation, investor confidence, and our social license to operate
OMV Sustainability Statement
Our dedicated Sustainability Statement, published within the Combined Annual Report, is prepared in accordance with Austria’s NaDiVeG requirements and the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD). Our reporting is informed by a materiality assessment conducted every three years and reviewed annually, to ensure we address the most relevant ESG topics. This statement also fulfills our annual Communication on Progress for the UN Global Compact, reflecting our alignment with global sustainability principles.
OMV’s reporting is guided by internationally recognized frameworks, including the EU Taxonomy Regulation and sector-specific standards from Ipieca, API, and IOGP. Our climate-related disclosures are fully aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), now incorporated into the ESRS framework. We use internationally recognized guidelines from the Global Reporting Initiative and the UN Global Compact to show how OMV’s activities support the UN Sustainable Development Goals (SDGs).
The data presented in our Sustainability Statement is consolidated at the Group level and includes all fully consolidated entities, in line with our financial reporting approach. In some cases, the scope of the Sustainability Statement goes beyond that of the Group Financial Statements: subsidiaries not consolidated in the financial statements due to immateriality are included in the Sustainability Statement if they are relevant to key sustainability topics. This reporting boundary applies to all material topics, unless otherwise specified within the report.
Where an entity is excluded from the reporting, this is clearly indicated in a footnote. For Health, Safety, Security, and Environment (HSSE) data—including greenhouse gas (GHG) emissions for Scope 1, Scope 2, and Scope 31 – we report 100% of data for activities operated by OMV or where we hold more than a 50% stake and have controlling influence. The exception is Scope 3 Category 15 “Investments,” which is reported using the equity share approach. In this category, OMV’s share of an investment’s Scope 1, 2, and, where relevant, Scope 3 emissions is included. If an investment is a business partner in OMV’s upstream or downstream value chain, the respective Scope 3 emissions are reported in the appropriate category.
1 For Scope 3 categories 10, 11, and 12, the operational control approach is applied. For example, in OMV’s Energy division, when an OMV Group company participates in joint operations, and is fully consolidated, 100% of the respective OMV Group company sales are accounted for: However, this value usually only represents the OMV Group’s share in the joint operation.
ESG Ratings
We engage with leading ESG rating agencies and are consistently evaluated by CDP, MSCI, ISS ESG, Sustainalytics, S&P Global, TPI (Transition Pathway Initiative), EcoVadis, among others.
Find our ESG rating results here.
Public Policy Engagement & Industry Associations
OMV publishes an annual review of its public policy engagement and industry association memberships. The review assesses OMV’s alignment with the Paris Agreement in relation to its Strategy 2030, provides an overview of public affairs activities, and evaluates whether its association memberships are in alignment with the Paris Agreement. It also describes the process used to address potential misalignments of associations.
Find our Review of Public Policy Engagement & Industry Associations here.