Strategy Targets 2025

Sustainability Commitments and Targets

Health, Safety, Security, and Environment (HSSE)

Health, Safety, Security, and Environment (HSSE)

Status 2020
Plan 2021
Target 2025

Fatalities

Status 2020

0

Zero work-related fatalities

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Fatalities

Plan 2021

0

Zero work-related fatalities

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Fatalities

Target 2025

0

Achieve zero work-related fatalities

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Status 2020
Plan 2021
Target 2025

LTIR

Status 2020

0.32

(per 1 million hours worked)

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TRIR

Plan 2021

1.3

(per 1 million hours worked) 1 The lagging indicator for occupational safety changed from to TRIR.

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LTIR

Target 2025

0.30

Stabilize Lost-Time Injury Rate 2 Lost-Time Injury Rate is the frequency of injuries leading to lost working days, relative to one million working hours of employees and contractors. at below 0.30 (per 1 million hours worked)

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Status 2020
Plan 2021
Target 2025

Process Safety

Status 2020

Leading position maintained

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Process Safety

Plan 2021

Maintain leading position

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Process Safety

Target 2025

Keep leading position in Process Safety Event Rate 3 The Process Safety Event Rate scope excludes work hours from the corporate functions General Management (OMV)/Executive Office (OMV Petrom) and Corporate Finance (OMV)/Finance Office (OMV Petrom).

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Commitments

  • Health, safety, security, and protection of the environment have the highest priority in all activities.
  • Proactive risk management is essential for realizing OMV’s Vision of “ZERO harm – NO losses.”
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Carbon Efficiency

Carbon Efficiency

Status 2020
Plan 2021
Target 2025

Scope 1
Carbon Intensity
of Operations

Status 2020

-19%

vs. 2010 achieved

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Scope 1
Carbon Intensity
of Operations

Plan 2021

Continue phasing out routine flaring and venting; 
continue energy efficiency improvements in Upstream and in refineries

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Scope 1
Carbon Intensity
of Operations

Target 2025

30%

Reduce the carbon intensity of all of OMV’s operations by ≥30% by 2025 (vs. 2010) 4 Co2 equivalent emissions produced to generate a certain business output using the following business-specific metric ‒ Upstream: Co2 equivalent/ produced; refineries: t Co2 equivalent/t throughput (crude and semi-finished products without blended volumes); power: t Co2 equivalent/MWh produced ‒ consolidated into an OMV Group Carbon Intensity Operations Index, based on weighted average of the business segments’ carbon intensity

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Status 2020
Plan 2021
Target 2025

Scope 1
Carbon Intensity
of Refineries

Status 2020

-11%

vs. 2010 achieved

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Scope 1
Carbon Intensity
of Refineries

Plan 2021

Continue energy efficiency improvements  in refineries

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Scope 1
Carbon Intensity
of Refineries

Target 2025

20%

Reduce the carbon intensity of OMV’s refineries by ≥20% by 2025 (vs. 2010) 46

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Status 2020
Plan 2021
Target 2025

Scope 1
Carbon Intensity
of Upstream Operations

Status 2020

-37%

vs. 2010 achieved

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Scope 1
Carbon Intensity
of Upstream Operations

Plan 2021

Continue  phasing out routine flaring and venting

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Scope 1
Carbon Intensity
of Upstream Operations

Target 2025

60%

Reduce the carbon intensity of OMV’s upstream operations by ≥60% by 2025 (vs. 2010)46

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Status 2020
Plan 2021
Target 2025

Scope 1
Emissions
in Operated Assets

Status 2020

Absolute emissions: 77,900 t CO2e reduced in 2020 through concrete emissions reduction initiatives

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Scope 1
Emissions
in Operated Assets

Plan 2021

Continue with ongoing flaring and venting reduction projects

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Scope 1
Emissions
in Operated Assets

Target 2025

1mn t

Reduce emissions from operated assets by at least 1 t CO2e in the period from 2020 to 2025

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Status 2020
Plan 2021
Target 2025

Scope 1
Flaring and Venting

Status 2020

Volume of gas routinely flared decreased from 501 mn in 2019 to 462 mn m3 in 2020

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Scope 1
Flaring and Venting

Plan 2021

Continue with ongoing flaring and venting reduction projects

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Scope 1
Flaring and Venting

Target 2025

0

Achieve zero routine flaring and venting of associated gas as soon as possible but no later than 2030

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Status 2020
Plan 2021
Target 2025

Scope 3
Carbon Intensity
of Product Portfolio

Status 2020

61%

in 2020 5 Nearly all major oil products impacted negatively in 2020 due to COVID-19. Read more about the impact of COVID-19 on OMV's 2020 business in the Annual Report.

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Scope 3
Carbon Intensity
of Product Portfolio

Plan 2021

 Research alternative feedstocks, technologies, and fuels such as hydrogen to develop innovative energy solutions

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Scope 3
Carbon Intensity
of Product Portfolio

Target 2025

60%

Low- or zero-carbon products account for ≥60% of total products by 2025 5 Low- or zero-carbon sales comprise oil and gas to non-energy, gas to energy, renewables, power, and petrochemicals third-party sales. This target will result in a >6% reduction of the carbon intensity of OMV’s product portfolio by 2025 vs. 2010 ( equivalent emissions generated by the use of OMV’s products sold to third parties in CO2 equivalent/toe sold).

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Commitments

  • OMV focuses on improving the carbon efficiency of its operations and product portfolio.
  • OMV is fully committed to acting on climate change mitigation and responsible resource management.
  • OMV aims for net-zero operations by 2050 or sooner.
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Innovation

Innovation

Status 2020
Plan 2021
Target 2025

ReOil®

Status 2020

250t

Over 250 t of post-consumer plastics transformed into synthetic crude in 2020; ReOil® plant integrated in 24/7 operations of the refinery

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ReOil®

Plan 2021

Continually improve the process and the reliability based on defined test run programs, and utilize results achieved to improve process modeling and the design basis for the ReOil® demo plant

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ReOil®

Target 2025

200,000t

Develop ReOil® into a commercially viable, industrial-scale process (unit size of ~200,000 t per year)

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Status 2020
Plan 2021
Target 2025

Co-Processing

Status 2020

Basic engineering finalized for Schwechat refinery; process studies finalized for Petrobrazi refinery

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Co-Processing

Plan 2021

Select technical concept and start process design work for Co-Processing at the Petrobrazi refinery; detail engineering for Co-Processing in Schwechat

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Co-Processing

Target 2025

~200,000t

Raise the share of sustainable feedstock co-processed in the refineries to ~200,000 t per year by 2025

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Status 2020
Plan 2021
Target 2025

Enhanced Oil Recovery (EOR)

Status 2020

130kboe

additional production in pilot project in Austria in 2020; pilot project started in Romania, with an initial increase in the recovery rate and in production in 2020

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Enhanced Oil Recovery (EOR)

Plan 2021

Finalize the pilot EOR project in Romania; further mature the full field implementation project in two Matzen field reservoirs

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Enhanced Oil Recovery (EOR)

Target 2025

5–15%

Increase the recovery factor in the CEE region in selected fields by 5–15 percentage points by 2025 through innovative Enhanced Oil Recovery methods

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Commitments

  • OMV’s innovation efforts focus on optimizing production, exploring high-end petrochemical solutions, developing innovative energy solutions, and embracing digital technologies.
  • Innovation is supported by investment and partnerships in research and development.
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Employees

Employees

Status 2020
Plan 2021
Target 2025

Gender Diversity

Status 2020

20.7%

women at management level in 2020

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Gender Diversity

Plan 2021

Support professional progress for female employees through, e.g., tailored trainings, a female leadership development program, and career aspiration talks

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Gender Diversity

Target 2025

25%

Increase share of women at management level 6 Management level: executives and advanced career level to 25% by 2025

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Status 2020
Plan 2021
Target 2025

International Diversity

Status 2020

76%

executives with international experience in 2020

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International Diversity

Plan 2021

Include criteria of internationality in the assessment of candidates for executive recruiting

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International Diversity

Target 2025

75%

Keep high share of executives with international experience 7 Equal to or greater than three years of living and working abroad at 75%

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Commitments

  • OMV is committed to building and retaining a talented expert team for international and integrated growth.
  • OMV is committed to its diversity strategy with a focus on gender equality and internationality.
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Business Principles and Social Responsibility

Business Principles and Social Responsibility

Status 2020
Plan 2021
Target 2025

Business Ethics

Status 2020

496

Employees took part in face-to-face business ethics trainings

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Business Ethics

Plan 2021

Relaunch of e-learning for business ethics for all white-collar employees

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Business Ethics

Target 2025

Promote awareness of ethical values and principles: conduct in-person or online business ethics trainings for all employees

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Status 2020
Plan 2021
Target 2025

Local Communities

Status 2020

7out of10

sites in scope assessed

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Local Communities

Plan 2021

Follow up on assessments conducted in 2020; conduct a self-assessment at Borealis to create a baseline for the organization’s CGM alignment to the Effectiveness Criteria

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Local Communities

Target 2025

Assess Community Grievance Mechanisms of all sites against UN Effectiveness Criteria by 2025 8 Legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, based on engagement and dialogue

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Status 2020
Plan 2021
Target 2025

Human Rights

Status 2020

63%

of total employees trained by end of 2020; 80% of target group trained

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Human Rights

Plan 2021

Human rights classroom training session for corporate functions in Vienna and Bucharest; further promotion of human rights e-learning across the Group

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Human Rights

Target 2025

Conduct human rights trainings for all employees exposed to human rights risks  by 2025 9 Employees in corporate functions managing human rights risks as well as the corresponding functions in countries with elevated human rights risks. In 2020 the target group was recalculated.

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Status 2020
Plan 2021
Target 2025

Supply Chain

Status 2020

18

supplier audits conducted

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Supply Chain

Plan 2021

Continue onboarding with new auditor and perform additional audits

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Supply Chain

Target 2025

>20

Increase the number of supplier audits covering sustainability elements to >20 per year by 2025 10 Suppliers in scope for this target are active suppliers (at least one purchase order in the past year) who meet certain criteria such as procurement spend and strategic fit.

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Commitments

  • OMV strives to uphold equally high ethical standards at all locations.
  • OMV is a signatory to the United Nations (UN) Global Compact, is fully committed to the UN Guiding Principles on Business and Human Rights, and aims to contribute to the UN’s 2030 Agenda for Sustainable Development.
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1 The lagging indicator for occupational safety changed from LTIR to TRIR.  Lost-time injuries are any occupational injuries resulting in fatalities, permanent total disabilities, and lost workday cases, but excluding restricted work cases and medical treatment cases. Total recordable injuries are any injuries resulting in fatalities, permanent total disabilities, lost workday cases, restricted work cases, and medical treatment cases.

2 Lost-Time Injury Rate is the frequency of injuries leading to lost working days, relative to one million working hours of employees and contractors.

3 The Process Safety Event Rate scope excludes work hours from the corporate functions General Management (OMV)/Executive Office (OMV Petrom) and Corporate Finance (OMV)/Finance Office (OMV Petrom).

4 CO2 equivalent emissions produced to generate a certain business output using the following business-specific metric ‒ Upstream: t CO2 equivalent/toe produced; refineries: t CO2 equivalent/t throughput (crude and semi-finished products without blended volumes); power: t CO2 equivalent/MWh produced ‒ consolidated into an OMV Group Carbon Intensity Operations Index, based on weighted average of the business segments’ carbon intensity

5 Nearly all major oil products were impacted negatively in 2020 due to COVID-19. Read more about the impact of COVID-19 on OMV’s 2020 business in the Annual Report.

6 Management level: executives and advanced career level

7 Equal to or greater than three years of living and working abroad

8 Legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, based on engagement and dialogue

9 Employees in corporate functions managing human rights risks as well as the corresponding functions in countries with elevated human rights risks. In 2020 the target group was recalculated.

10 Suppliers in scope for this target are active suppliers (at least one purchase order in the past year) who meet certain criteria such as procurement spend and strategic fit.

LTIR
Lost-Time Injury Rate
HSSE
Health, Safety, Security, and Environment
t
ton
toe
ton of oil equivalent
mn
million
m3
cubic meter
CO2
carbon dioxide
t
ton
EOR
Enhanced Oil Recovery
CGM
Community Grievance Mechanism
UN
United Nations