Time Horizons
OMV follows a comprehensive sustainability impact, risk, and opportunity assessment process across various time horizons in alignment with OMV’s strategy and business model. The short-term horizon, referring to up to one year, focuses on managing actual and potential impacts and risks affecting daily operations. The mid-term horizon, extending up to five years, integrates impacts, risks, and opportunities with the Group’s mid-term plan. The long-term horizon, spanning beyond five years, is linked to OMV’s strategy execution, offering management an objective perspective that enhances the decision-making process.
Sources of Estimation and Outcome Uncertainty
In 2024, all disclosed data related to our own operations and value chain, such as health and safety indicators for our contractors, was measured or calculated based on actual data, unless specified otherwise. To help readers better understand the data, we have included all relevant contextual information related to the calculation of metrics alongside them. Specific metrics in the report include upstream and downstream value chain data, which is estimated using indirect sources, such as sector-average emission factors. This metric is: Scope 3 GHG emissions – encompasses indirect emissions that occur in the upstream and downstream value chain, such as those reported under Category 3.15 “Investments”.
Our Sustainability Statement contains forward-looking statements. Forward-looking statements can usually be identified by the use of terms such as “outlook,” “expect,” “anticipate,” “intend,” “plan,” “target,” “objective,” “estimate,” “goal,” “may,” “will,” and similar terms, or by their context. These forward-looking statements are based on beliefs, estimates, and assumptions currently held by and information currently available to OMV. By their nature, forward-looking statements are subject to risks and uncertainties, both known and unknown, because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of OMV. Consequently, the actual results may differ materially from those expressed or implied by the forward-looking statements. Therefore, recipients of this report are cautioned not to place undue reliance on these forward-looking statements. Neither OMV nor any other person assumes responsibility for the accuracy and completeness of any of the forward-looking statements contained in this report.
Incorporation by Reference
Within this Sustainability Statement, OMV references other sections of the Combined Annual Report for 2024, particularly the Notes on Financial Situations. We are adhering to ESRS requirement 9.1, and the following disclosure requirements are included in the Notes on Financial Situations:
- [ESRS-2-SBM-1.40d-i, 40d-ii] in Note 7 – Sales Revenues;
- [ESRS-2-SBM-3.48d] [E1-4.34f AR 30c] in Note 3 – Effects of climate change and the energy transition;
- [E1-IRO-1.AR 12c] [E1-IRO-1.AR 13a-13d] [E1-IRO-1.AR 15] [E1-SBM-3.AR 7a-7c] [E1-SBM-3.AR 8a-8b] [E1-8.AR 65a-65c] in Note 3 – Effects of climate change and the energy transition;
- [E1-5.AR 36c, AR 36e] [E1-5.AR 38] [E1-6.55] [E1-6.AR 55b] in Note 7 – Sales Revenues;
- [E2-2.18a] [MDR-A.68a-68c, 68e] [E1-3.29c-i] in the Consolidated Statement of Cash Flows in the Consolidated Financial Statements and Notes.