Natural Resources Management

Our impact on the environment – and responsibility to act – extends beyond just greenhouse gases. As an oil, gas, and chemicals company, OMV’s environmental footprint is significant as it pertains to water use, environmental degradation due to spills, biodiversity impacts, and waste. But we also have the technological know-how to present solutions, in particular by fostering the circular economy. In contrast to the “take-make-waste” linear model, which will lead to more plastic waste and environmental pollution, while putting pressure on the planet’s limited resources, a circular economy is regenerative by design and aims to decouple growth from the consumption of finite resources.

OMV is fully committed to taking action on responsible natural resources management and will proactively expedite the transition from a linear to a circular economy. OMV aims to minimize environmental impacts by preventing water and soil pollution, reducing emissions, efficiently using natural resources, and avoiding biodiversity disruption.

The Natural Resources Management strategic focus area combines our commitments and actions relating to environmental preservation under one umbrella. The first step is to manage our operational footprint, as described in the Environment material topic. The Circular Economy material topic then describes the strategies and technologies we are applying to recover and reuse by-products or waste to make new materials and products, resulting in a cleaner environment.