Carbon Efficiency of the product portfolio
In 2019, our Scope 3 emissions were around 126 mn t CO2 equivalent (2018: 108 mn t CO2 equivalent) and are related to total product sales volumes as well as purchased goods and services and capital goods of all our fully consolidated companies. While our absolute GHG emissions increased due to our business growth, our emissions intensity remained stable as we primarily grew our gas portfolio, with increased gas sales in Downstream as well as in Upstream due to the acquisition in New Zealand and SapuraOMV.
GHG Scope 3 emissions
In mn t CO2 equivalent
GHG intensity of the product portfolio
In mn t GHG per mn t oil equivalent
About 87% of OMV’s products are directly used for combustion. Scope 3 emissions from the use and processing of our products as well as from purchased goods and services and capital goods therefore constitute around 92% of our impact in terms of GHG emissions.1We take into account the impact of the products sold by OMV to external customers and on the market. Intracompany sales between OMV subsidiaries are not taken into account in order to avoid double-counting GHG emissions from products and services.
The development of low-carbon products to reduce this large impact therefore is a topic material for stakeholders and for OMV. In this regard, we have developed strategic targets to reduce the carbon footprint of our product portfolio.
Responsible use of natural resources means not only producing and processing them efficiently but also maximizing their value for society. For crude oil, this translates into finding long-lasting high-tech applications for hydrocarbons rather than burning them as a fuel. It is OMV’s ambition to strengthen its European downstream position through a shift to higher-value-added products, such as petrochemical products. (For more information on the activities of OMV in the petrochemical sector, see Focus on petrochemicals.)