E5-2 Actions and Resources Related to Resource Use and Circular Economy

Key Actions

[E5-2.19] [MDR-A 68a, 68b, 68c, 68e] To increase our positive impact on nature and society by replacing fossil inputs with sustainable (recycled and renewable) alternatives, we have defined key actions to boost the use of sustainable inputs. This initiative will help us achieve our target of 1,400 kta of sustainable (recycled and renewable) sales volumes. This action and target also contribute to reducing the negative environmental impact resulting from the procurement and use of primary fossil-based resources. [MDR-A 69b] As these key actions also contribute to the Group’s objectives related to E1 Climate Change, the financial resources required for their implementation are included there. The key actions[MDR-A 68b] Key actions are defined as those requiring CAPEX of EUR ≥ 5 mn for their implementation. CAPEX includes additions to property, plant, and equipment and to intangible assets (incl. IFRS 16 right-of-use assets), and expenditures for acquisitions, as well as equity-accounted investments and other interest for pre-defined sustainability CAPEX categories. Decommissioning assets, government grants, borrowing costs, and other additions that by definition are not considered capital expenditure are not included in CAPEX figures. Within the boundaries of applicable accounting standards, expenditure incurred during project implementation is generally capitalized, thus included in the CAPEX figures. Figures are not validated by external bodies. For the material topic E3 Water, the key actions mainly refer to activities in Germany.Close implemented and planned to achieve our policy objectives and targets are mentioned in the table. Additional actions that do not meet the required threshold but are strategically relevant to achieving this target are included after the table.

[MDR-A 69a] OMV seeks to align its long-term funding policy with the Company’s sustainability strategy. For this reason, OMV is assessing opportunities of sustainable financing and sustainability-linked funding, which links the cost of a financing instrument to the achievement of specific strategic sustainability targets. A first step toward sustainable financing was taken in 2021 with a green loan for the ReOil® plant (2000) for chemical recycling in Schwechat, Austria. This loan was issued in alignment with the green loan principles and is based on a project-specific green financing framework and a second party opinion. For the implementation of other key actions (see table), no sustainable financing instrument is currently outstanding.

Life Cycle Assessments (LCAs)

[MDR-A 68a] The increasing use of Life Cycle Assessments (LCAs) for its assets and marketed products enables OMV to obtain concrete data that complies with accepted international standards to support sustainability claims, such as reduced emissions from sustainable products made from renewable inputs or inputs from recycled plastic waste. The LCAs contribute to OMV’s strategic pillar to increase the volume of sustainable products, our ambition to establish a leading position in renewable and circular economy solutions, and our target to increase sales volumes of sustainable base chemicals and polyolefins to up to 1,400 kt by 2030 based on renewable and recycled feedstock. In 2024, the first Life Cycle Assessment for the whole of the Burghausen refinery according to ISO 14040/14044, focusing on the products ethylene, propylene, benzene, butadiene, and isobutene, was conducted by an external consultant. It investigated several impact categories (climate change, acidification, eutrophication, radiation, land use, ozone depletion, particulate matter, photochemical ozone formation, resource use, and water use). LCAs for the integration of sustainable renewable products into the cracker in the Burghausen refinery were performed. Currently, the results of the LCAs are undergoing third-party review. Once they have been completed, LCAs will be conducted for the other refinery sites as well.

[MDR-A 68b, 68c] The target group for the LCA results primarily includes petrochemical customers in the downstream value chain. For the activity data, primary datasets from OMV were used. For the feedstocks (crude oil, intermediates, hydrogenated vegetable oil), current country-specific datasets from validated commercial databases were used. The datasets for all incoming resources (e.g., crude oil) were taken from location-based commercial datasets. Conducting LCAs is an ongoing process.