E1 Climate Change

Material Topic: E1 Climate Change

Material Sub-topics: Climate Change Mitigation; Climate Change Adaptation (Borealis-specific); Energy

Supporting the goals of the Paris Agreement by reducing the carbon footprint of our operations, for example by improving energy efficiency, reducing the venting and routine flaring of gas, and reducing the carbon footprint of our energy supply, and more specifically by increasing sales of zero-carbon energy products such as renewable mobility fuels and renewable power

Relevant SDGs:

SDG targets:

7.2By 2030, increase substantially the share of renewable energy in the global energy mix

7.3By 2030, double the global rate of improvement in energy efficiency

13.1Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.s

[E1-1 AR 1] [E1-1.14] [E1-1.16] OMV fully supports the goals set forth by the Paris Agreement and addressing climate change is central to our Group strategy. We are committed to transforming into an integrated sustainable chemicals, fuels, and energy company, with the ambition of becoming a net-zero business by 2050The commitment “net-zero business by 2050” covers the greenhouse gas (GHG) emissions of our operations (Scopes 1 and 2) and our product portfolio and other Scope 3 emissions along the value chain. For our interim GHG targets for 2030 and 2040, Scopes 1 and 2 and the following Scope 3 categories are included: Category 11: “Use of sold products” for energy supply, Category 1: “Purchased goods” (feedstocks) from OMV’s Chemicals business segment, and Category 12: “End-of-life treatment of sold products” for non-energy use.Close. This commitment includes not just our own operations (Scopes 1 and 2) but also our product portfolio and other emissions along the value chain (Scope 3). OMV is committed to both climate change mitigation and adaptation and aims to support and accelerate the energy transition.