Risks and opportunities management
Like the oil and gas industry as a whole, OMV is exposed to a variety of risks – including market and financial risks as well as operational and strategic risks.
The Group’s risk management processes focus on identification, analysis, and evaluation of such risks and their impact on the Group’s financial stability and profitability as well as on their impact on sustainability matters. The objective of these activities is to actively manage risks in the context of the Group’s risk appetite and defined risk tolerance levels.
For OMV, a risk represents uncertainty regarding Company objectives measured by combining the likelihood or frequency of an event and its consequences, which can result in opportunities or threats to the success of the Company’s sustainable business performance.1The Austrian Sustainability and Diversity Improvement Act (NaDiVeG) defines risk as a potential negative effect on sustainability originating from the company’s operations, its supply chain, or its products/services.