OMV’s Sustainability Commitments and Targets

Climate Change

• Commitments:
  • OMV will continuously improve the carbon efficiency of its operations and product portfolio. OMV is fully committed to supporting and accelerating the energy transition and aims to become a net-zero business by 2050 or sooner.
• Targets 2025:
  • Reduce carbon intensity of operations (Scope 1) by ≥30% vs. 2010
  • Reduce carbon intensity of product portfolio (Scope 3) by >6% vs. 2010
  • Achieve at least 1 mn t CO₂e reductions from operated assets in 2020–2025
  • Achieve an E&P methane intensity of 0.2% or lower
• Targets 2030:
  • Reduce Scope 1 and 2 emissions by ≥30% vs. 2019
  • Reduce Scope 3*The following Scope 3 categories are included: category 11 – Use of sold products for energy supply, category 1 – Purchased goods (feedstocks), and category 12 – End of life of sold products for non-energy use. emissions by ≥20% vs. 2019
  • Reduce carbon intensity of energy supply by ≥20% vs. 2019
  • Achieve an E&P methane intensity of 0.1% or lower
  • Zero routine flaring and venting of associated gas as soon as possible, but no later than 2030
• Targets 2040:
  • Reduce Scope 1 and 2 emissions by ≥60% vs. 2019
  • Reduce Scope 3*The following Scope 3 categories are included: category 11 – Use of sold products for energy supply, category 1 – Purchased goods (feedstocks), and category 12 – End of life of sold products for non-energy use. emissions by ≥50% vs. 2019
  • Reduce carbon intensity of energy supply by ≥50% vs. 2019

Natural Resources Management

• Commitments:
  • OMV is fully committed to taking action on responsible natural resources management and will proactively expedite the transition from a linear to a circular economy.
  • OMV aims to minimize environmental impacts by preventing water and soil pollution, reducing emissions, efficiently using natural resources, and avoiding biodiversity disruption.
• Targets 2025:
  • Increase volume of sustainable (includes recycled and biobased) polyolefins or other chemicals production capacity to 600,000 t p.a.
  • Increase reuse and recycling of waste from operations
  • Reduce freshwater withdrawal
• Targets 2030:
  • Establish approx. 2 mn t p.a. sustainable (includes recycled and biobased) polyolefins or other chemicals production capacity
  • Reduce natural resources use by cutting oil and gas production levels to around 350 kboe/d and reducing crude distillation throughput by 2.6 mn t
  • Increase reuse and recycling of waste from operations
  • Reduce freshwater withdrawal

Health, Safety, and Security

• Commitments:
  • Health, safety, and security have the highest priority in all activities. OMV is fully committed to proactive risk management in realizing its HSSE vision of “Committed to Zero Harm – Protect People, Environment, and Assets.”
• Targets 2025:
  • Achieve a Total Recordable Injury Rate (TRIR) of around 1.0 per 1 mn hours worked
  • Achieve zero work-related fatalities
  • Maintain leading position in Process Safety Event Rate
• Targets 2030:
  • Stabilize the Total Recordable Injury Rate (TRIR) at below 1.0 per 1 mn hours worked
  • Achieve zero work-related fatalities
  • Maintain leading position in Process Safety Event Rate

People

• Commitments:
  • OMV is committed to building and retaining a talented expert team for international and integrated growth. We embrace our difference(s) and use our diversity of thought and experience as a catalyst for growth and creativity.
  • OMV is committed to ensuring fair treatment and equal opportunities for all employees and has zero tolerance for discrimination and harassment of any kind.
  • As a signatory to the United Nations Global Compact, OMV is fully committed to the UN Guiding Principles on Business and Human Rights, and aims to contribute to the UN’s 2030 Agenda for Sustainable Development by pursuing a social investment strategy that addresses local needs and the Sustainable Development Goals (SDGs).
  • OMV is committed to contributing to a Just Transition for our employees and communities, and addressing the social and economic effects of the transition to an environmentally sustainable economy.
• Targets 2025:
  • Increase share of women at management level to 25%
  • Keep high share of executives with international experience at 75%
  • Train all OMV Group employees in human rights
  • Assess Community Grievance Mechanism (CGM) of all sites against UN Effectiveness Criteria
• Targets 2030:
  • Increase share of women at management level to 30%
  • Min. 20% female Executive Board members (stretch target 30%)
  • Increase share of international management to 65%
  • Keep share of executives with international experience at 75%
  • Increase average number of annual learning hours to a min. of 30 hours per employee
  • Increase support for employees with special needs at our main locations
  • Conduct human rights assessments and develop action plans for OMV Group operations with a high level of human rights risks every five years
  • 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)

Ethical Business Practices

• Commitments:
  • OMV strives to uphold equally high ethical standards at all locations. We aim to earn our stakeholders’ confidence by implementing a high standard of corporate governance and by maintaining high standards of transparency and predictability.
  • OMV is committed to implementing sustainable procurement, which means caring about the environmental, social, and economic impacts of the services and goods the Company intends to purchase.
• Targets 2025:
  • Be an active member of Together for Sustainability (TfS, further details below) and carry out sustainability evaluations of all suppliers covering >80% of Procurement spend
  • Engage with suppliers covering 80% of Procurement spend and assess their carbon footprint as a foundation to define and run joint low-carbon initiatives
  • Promote awareness of ethical values and principles: conduct in-person or online business ethics training for all employees
• Targets 2030:
  • Extend sustainability evaluations to all suppliers covering 90% of Procurement spend
  • Ensure all suppliers covering >80% of Procurement spend have carbon reduction targets in place