Stakeholder Engagement

OMV is committed to stakeholder engagement and convinced that mutual respect, transparent behavior, and open dialogue are the best foundations for a good relationship with the various stakeholders we interact with. In our stakeholder engagement approach, we identify and manage relationships with persons, groups, or organizations who might be affected by our activities or who may have an impact on our business.

Stakeholder Groups

Examples of OMV Engagement

Examples of Key Topics and Concerns Raised by Stakeholders

Capital market participants
  • Regular reports and presentations, roadshows, Annual General Meetings, conferences
  • Socially responsible investor (SRI) meetings
  • Share price and overall Company performance
  • Creditworthiness
  • Valuation compared to peers

Customers
  • Advertising
  • Events
  • Price and quality of products and services
  • Customer service

 Employees
  • Townhall events, small update events with an Executive Board member
  • Internal newsletters, infoscreens, Intranet, internal blog
  • Career and development opportunities
  • Transparent communication and information
  • Supportive management

Governmental authorities
  • Information exchange
  • Relationship management
  • Regular reporting (as required by law)
  • Regulatory framework
  • Business environment
  • Security of (energy) supply

Industry associations
  • Information exchange and regular contact with industry associations
  • Regulatory framework
  • Business environment

 Local communities
  • Sustainability projects, sponsorships, and donations
  • Grievance mechanisms
  • Social and environmental standards and impacts
  • Engagement with local community

 Media
  • Press releases and conferences
  • Interviews
  • Overall Company strategy, performance, and results

 NGOs/NPOs
  • Social projects, sponsorships, and donations
  • Stakeholder dialogue and grievance mechanisms
  • Environmental, social, and climate performance and risks
  • Long-term OMV strategy

Peer companies, competitors, joint venture and other business partners
  • Industry meetings
  • Contracts
  • Participation in working groups such as IPIECA, IOGP
  • Industry-wide standards for sustainability topics
  • Good practice in exploration, development, and production activities

Scientific and research institutions
  • Joint projects with industry partners, scientific organizations, and universities
  • Conferences and lectures
  • Information on and best practice for new technologies

Suppliers and contractors
  • Negotiations and contracts
  • Supplier audits and assessments
  • Supplier events
  • Fair contracts
  • On-time payment
  • Adequate working conditions