OMV Publishes Sustainability Report 2022

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Image courtesy of OMV Group

OMV published its 18th sustainability report, which is also available in a digital format here.

OMV’s Sustainability Report 2022 details the progress made as a Company in the past year to deliver on our strategy. OMV is committed to becoming a net-zero company (across all GHG Scopes 1, 2, and 3) by 2050 at the latest, becoming a European leader in sustainable polyolefins and establishing a top global position in circular economy solutions.

The Sustainability Report 2022 gives a status update on OMV’s targets, which are tied to contributing to the UN Sustainable Development Goals, as well as its plans for the coming years. Some highlights featured in the Sustainability Report include:

  • Absolute Scope 1 and 2 emissions decreased by 23% vs. 2019, and Scope 3 emissions decreased by 8% vs. 2019.

  • Memorandums of Understanding (MoUs) for the intended offtake of Sustainable Aviation Fuels (SAFs) were signed with Lufthansa Group, Ryanair, and Wizz Air.

  • OMV and Wood signed a MoU to enter into a mutually exclusive collaboration agreement for the commercial licensing of OMV’s proprietary ReOil® technology.

  • Successfully conducted a production and injection test in an existing well to assess the potential for geothermal energy in Austria.

  • 117.8 kt of circular feedstocks were processed.

  • EUR 49.5 mn used toward community and social investments.

  • 100% of our new suppliers were screened for social and environmental criteria. The progress made in Sustainable Procurement was also recognised by CDP, which recognized OMV as a CDP Supplier Engagement Leader in 2022.

The OMV Sustainability Report is prepared in accordance with the standards of the Global Reporting Initiative (GRI) – the world's most widely used guidelines for sustainability reporting – as well as the requirements of the Austrian Sustainability and Diversity Improvement Act (NaDiVeG). The report follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the disclosures recommended by the Sustainability Accounting Standards Board (SASB).

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: OMV Group

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