G1-2 Management of Relationships with Suppliers

Material Topic: Supplier Relationships

Material Sub-topics: G1-2 Management of relationships with suppliers including payment practices

Foster strong supplier relationships to ensure a resilient and innovative supply chain that supports our overall progress and success, and incorporate social and environmental considerations (e.g., business ethics, human rights, safety, and carbon footprint of suppliers) into supply chain management.

Relevant SDGs:

SDG targets:

13.1Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

16.5Substantially reduce corruption and bribery in all their forms

[G1-2.12] At OMV, we aim to foster innovation, maximize value contribution, and enable supply chain growth. We achieve this by applying our sourcing and logistics expertise to ensuring that the highest-quality materials and services are provided throughout our supply chain. This involves working closely with our partners, contractors, and suppliers. It is of paramount importance to our organization to be fully compliant with all applicable legal requirements, as well as with our internal safety, environmental protection, and human rights standards, when managing our supply chain. By integrating sustainability requirements throughout our supply chain (e.g., audits, assessments, sustainability criteria in sourcing) we aim to drive a positive change in the sustainability performance of our suppliers and contractors while mitigating potential negative impacts such as economic disruption due to delays in payment. Our supplier portfolio management focuses on supplier collaboration, innovation, and risk management in order to drive value and reduce risks. The process provides the necessary overview to identify and maximize supplier innovation potential and sustainability initiatives, while taking risk factors into account. To mitigate supply chain risks, including forced labor, slavery, human trafficking, and corruption, OMV imposes the legal requirements and internal rules and standards applicable to OMV on its suppliers.