Ethical Business Practices

OMV generates direct economic value (e.g., through taxes) and indirect economic value (e.g., through local procurement which fosters local job creation) in numerous countries worldwide. Thus it is imperative that we act in accordance with the highest ethical standards on an international level everywhere we operate and spread these standards through our supply chain. Unethical behavior, such as corruption, hinders economic development and sustainable development.

OMV is a signatory to the United Nations (UN) Global Compact and we believe that sustainability starts with our value system and a principles-based approach to doing business. Our business partners are also expected to share the same understanding of and commitment to ethical standards. The Ethical Business Practices strategic focus area combines our commitments and actions relating to the integrity of our employees and business partners. Establishing a culture of integrity is the baseline for further fostering the UN Agenda for Sustainable Development, be it through fostering local economic development through local procurement, or ensuring that our public policy engagement and work with suppliers is in line with OMV’s climate commitments.