The materiality assessment carried out by OMV was based on the ESRS-compliant double materiality principle, which considers both impact and financial materiality. The identified material topics for OMV are allocated to the five defined focus topics of OMV’s Sustainability Framework. The following topics and sub-topics were identified as material for OMV:
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(NaDiVeG) and the GRI guidelines to determine its material topics, as disclosed in our past Sustainability Reports (available on our website). A direct comparison with material impacts, risks, and opportunities (IROs) from a previous reporting period can therefore not be made. OMV plans to conduct an annual review of the material impacts, risks, and opportunities. An extensive materiality analysis involving internal and external stakeholders will be repeated at least every three years or if significant changes in the business or market environment occur. Compared to the previous year, Biodiversity and Ecosystems, Workers in the Value Chain, Cybersecurity, and Economic Impact, along with their associated impacts, risks, and opportunities, were identified as additional material topics. For all impacts, risks, and opportunities (IROs) identified for each material topic (such as Climate Change, Pollution, Water, Own Workforce, Affected Communities, Waste and Circular Economy, Workers in the Value Chain, Biodiversity and Ecosystems, and Business Conduct), the ESRS disclosure requirements and NaDiVeG have been addressed wherever applicable. Where additional entity-specific disclosures have been included within the report, the standards from which these disclosures stem have been included. All additional information included that is relevant to the nature of our industry but does not stem from the aforementioned sources has been defined as a voluntary disclosure. For more details, please see the IROs tables.
OMV’s materiality assessment, conducted in 2023 and reviewed in 2024, was the first under the ESRS framework, applying the double materiality principle to consider both impact and financial materiality. In previous reporting years, OMV had used the Sustainability and Diversity Improvement ActStrategy, Business Model, and Value Chain section .Concrete actions we are taking to mitigate negative environmental impacts and risks and seize opportunities are well-aligned with our strategic goals. Read more about our actions related to our material impacts, risks, and opportunities in the respective chapters about Environment, Social, and Governance.
OMV is aware of its current and anticipated negative impacts, risks, and opportunities related to climate and the environment and takes these very seriously. As a consequence, OMV’s Strategy 2030 places emphasis on transforming into a sustainable, integrated chemicals, fuels and energy company and achieving significant emissions reductions while responding to market and customer needs. In line with this strategic redirection, our business model and core business processes are continuously adapting. There were no identified current or anticipated effects of material IROs on the business model, value chain strategy, or decision-making in 2024, and therefore no changes were made to the strategy and business model. More details about our strategic focus and business model aligned with our sustainability targets can be found in theIROs table for S1 Own Workforce .
Our own employees have always been our primary focus, and ensuring safe and conducive working conditions and talent attraction and retention is a continuous part of our People & Culture Strategy. Therefore, all our material impacts, risks, and opportunities related to our own workforce are already embedded in our strategy and business model, and no major changes are foreseeable. Continuous quality maintenance and improvement measures are screened and implemented as needed; however, they do not impact our strategy and business model as such. For more details, please see theIROs table for S2 Workers in the Value Chain .
When it comes to material impacts, risks, and opportunities related to workers in the value chain, we have noticed a need to adapt the associated measures. With the materiality assessment, we identified S2 Workers in the Value Chain as a material topic. We are very aware of all our material impacts, risks, and opportunities and are very focused on addressing them with appropriate measures. However, at this stage the measures will not affect our strategy and business model. For more details, please see theIROs table for S3 Affected Communities . OMV’s strategy in this context is well suited to addressing the identified impacts, risks, and opportunities, with no immediate adjustments planned.
Regarding affected communities, OMV is aware that transparency, trust, and partnership-based relationships with local communities are key to ensuring that we are a responsible and welcomed neighbor wherever we operate. OMV’s strategy is informed by both positive and negative impacts, such as the failure to respect communities’ economic, social, and cultural rights, and respecting civil and political rights. These are reflected in our Code of Conduct and comprehensive approach to human rights, as outlined in our Human Rights Policy Statement. The impacts inform our strategy through the measurement and fulfillment of our targets. For details see theAmong our material impacts, risks, and opportunities related to business conduct, one risk requires our heightened attention: geopolitical and economic uncertainty. Given our operations and value chain connections in countries with political instability, we are closely monitoring the situation on the ground to realistically assess business continuity implications. At this stage we do not see a need to change our strategy and/or business model, and we are closely monitoring the impacts, risks, and opportunities.
Strategy, Business Model, and Value Chain.
The assessment of the impacts, risks and opportunities reflects the complexity of OMV’s value chain, mapped according to the OMV operating model. The potential risk exposure of suppliers, customers, and JV partners is assessed by mapping global ESG risks and the geographies of the supply chain. This ESG risk assessment is conducted using a global risk intelligence external platform, which provides a detailed list of indices grouped as follows: climate and environment, geopolitics, and social factors, including human rights. For details, seeThe value chain assessment helps OMV understand its geographical concentration and identify key vulnerabilities along the supply chain, leading to the identification of adaptation measures that increase resilience to short-term challenges and megatrends. This holistic approach enables OMV to pinpoint vulnerabilities in the value chain and engage with key suppliers and customers to address potential issues. Detailed mapping of the material impacts, risks, and opportunities within the value chain can be found under each material topic.
GHG emissions and investing in renewable energy, which demonstrate OMV’s commitment to sustainable practices and benefit both the planet and future generations through responsible stewardship. OMV’s commitment to safety, human rights, just and favorable working conditions, and community development positively affects employees, workers in the value chain, and local communities. Continued adherence to and enhancement of OMV’s internal framework in these areas are expected to continuously benefit people in future. More information on the effect of material impacts on people and the environment can be found under each material topic.
Besides the effects of the impacts, risks, and opportunities on our strategy and business model, the impacts reflect OMV’s inside-out effect on the environment and people. OMV’s material impacts, both negative and positive, significantly affect people and the environment. Due to the nature of OMV’s business, operations impact people and the environment through emissions, spills and pollution, and resource depletion. OMV’s adherence to strict environmental regulations and continuous improvement of safety measures aim to minimize these adverse effects. Future positive impacts in this context are expected to result from OMV’s environmental initiatives, such as reducingOMV’s impacts are closely linked to its strategy and business model. As an energy company, OMV’s activities in oil and gas exploration, production, refining, and chemicals result in environmental impacts such as emissions and resource depletion. Conversely, OMV also promotes sustainability, investing in renewable energy and GHG emission reduction initiatives. This dual approach seeks to balance economic growth with environmental stewardship, aligning short-term profitability with long-term responsibility, and positively impacting communities and ecosystems through sustainable transitions. OMV’s commitment to low-carbon operations and achieving net zero emissions by 2050 aims to mitigate negative environmental impacts.
The reasonably expected time horizons of OMV’s impacts vary depending on the nature of activities and initiatives. “Short-term” refers to up to one year and includes immediate operational efficiencies, positive environmental effects, and short-term economic contributions to local communities. Medium-term impacts, spanning up to five years, involve more significant shifts such as reductions in carbon emissions, improvements in working conditions, and advancements in renewable energy investments. The effects of strategic shifts toward sustainability and circular economy practices will become more evident in this period. Long-term impacts, with a time horizon longer than five years, focus on achieving net zero emissions by 2050, substantial environmental restoration, and lasting socio-economic benefits through sustainable development practices and technologies. These time frames reflect OMV’s strategic planning and regulatory compliance efforts.
OMV may be involved with material impacts through its direct activities and business relationships. Direct activities, such as refining, chemical manufacturing, or extraction, can cause environmental and social impacts like emissions, resource depletion, or labor practice issues. For example, exploration activities might result in pollution. OMV can be linked to impacts through business relationships, such as those with suppliers or partners. If suppliers engage in unethical labor practices or cause environmental harm, OMV is indirectly implicated. Both direct operations and business relationships necessitate careful monitoring and management to mitigate negative impacts and enhance positive contributions. More information on whether OMV is involved with a material impact through its activities or because of its business relationships can be found under each impacts, risks, and opportunities table.
CAPEX incurred in 2024 for actions to prevent or mitigate these risks or to benefit from these opportunities is included in the tables summarizing the key actions in the respective chapters, including mapping of CAPEX to the respective impacts, risks, and opportunities. Current financial effects of material risks and opportunities for which there is a significant risk of a material adjustment to the carrying amounts of assets within the next annual reporting period, considering the base case scenario used for mid-term planning, are disclosed in the Consolidated Financial Statements, Note 3 – Effects of climate change and the energy transition.
The material risks and opportunities identified did not have any material, measurable impact on OMV’s current financial position, financial performance, and cash flows.The resilience of OMV’s strategy and business model is crucial in addressing material impacts and risks while seizing opportunities. OMV’s strategic framework is designed to be adaptable, enabling the Company to navigate the dynamic and often volatile energy market. By integrating sustainability into its core operations, OMV takes a proactive approach to mitigating environmental risks, such as carbon emissions and resource depletion. The Company’s commitment to achieving net zero emissions by 2050 highlights its long-term vision and dedication to environmental stewardship. Furthermore, OMV employs robust risk management practices to identify and mitigate human rights and operational risks within its supply chain.
This resilience is bolstered by significant investments in renewable energy and technological innovation, positioning OMV to capitalize on emerging opportunities in the sustainable energy sector. By transparently disclosing its strategies and initiatives, OMV reassures stakeholders of its ability to sustain economic growth while maintaining environmental responsibility. The resilience framework that OMV applies to any potential crisis or unpredictable threat follows the same principles of assessment, testing, monitoring, and continuous improvement.
Description |
Further details |
Time Horizon |
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Value Chain |
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---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Direct and indirect GHG emissions from operations, products and low energy efficiency contribute to global warming and climate change and negatively impact people and the environment. |
Short, Mid-, Long-term |
I |
– |
Actual |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Providing a diversified, less carbon intensive product portfolio leads to an reduction in GHG emissions and thus positively impacts people and the environment. |
Long-term |
I |
+ |
Actual and Potential |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
– |
Long-term |
R |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
– |
Long-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
– |
Long-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
– |
Mid-term |
R |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
– |
Long-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
E1: Climate Adaptation (Borealis-Specific) |
|
|
|
|
|
|
|
|
|
|
|
|
Mid- and Long term |
I |
+ |
Actual |
● |
● |
● |
Mergers and Acquisitions Policy |
Covered by ESRS disclosure requirements |
|
|
Short-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
|
Long-term |
R |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
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|
|
Value Chain |
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||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Pollution of air from non-GHG emissions leads to reduction of air quality and negatively impacts people and the environment. |
Short-term |
I |
– |
Actual |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
|
Long-term |
O |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Engagement processes with suppliers and business partners and related audits improve pollution performance and lead to positive impact on people and environment. |
Long-term |
I |
+ |
Actual |
● |
○ |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Pollution of water compromises water quality and negatively impacts people and the environment. |
Short-term, Mid-term |
I |
– |
Actual |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
|
Short-term |
R |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Incidents during operations lead to soil pollution, which negatively impacts people and the environment. |
Short-term, Mid-term |
I |
– |
Actual |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Pollution from plastic waste negatively impacts people and the environment. |
Short-term, Mid-term, Long-term |
I |
– |
Actual |
○ |
○ |
● |
Code of conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Use of cleaner energy sources leads to reduction of air pollution and to positive impact on people and environment. |
Long-term |
I |
+ |
Potential |
○ |
● |
○ |
Code of conduct |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
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|
|
Value Chain |
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||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Process safety incidences negatively impacts people and the environment. |
Short-term |
I |
– |
Actual |
○ |
● |
○ |
Process Safety Management Standard |
Covered by entity-specific disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
The use of water from stressed areas negatively impacts people (availability of water) and the environment. |
Short Term |
I |
– |
Actual |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Reduction of water quality and negatively impact people and the environment. |
Mid-Term |
I |
– |
Actual |
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
|
Long-term |
R |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Negative impacts on biodiversity and ecosystems affect people and the environment. |
Mid-term, Long-term |
I |
– |
Potential |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
The use of sustainable instead of fossil inputs saves resources and reduces emissions, thereby positively impacting people and the environment. |
Mid-term |
I |
+ |
Actual |
● |
● |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Increasing demand for biobased feedstock negatively impacts people and the environment. |
Long-term |
I |
– |
Actual |
○ |
○ |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Procurement and use of primary fossil-based resources (vs. sustainable feedstock) contributes to emissions which negatively impact people and the environment. |
Mid-term |
I |
– |
Actual |
● |
○ |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
|
Long-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
|
Long-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
The use of sustainable instead of fossil inputs may save resources and reduces emissions, thereby positively impacting people and the environment. |
Long-term |
I |
+ |
Potential |
○ |
● |
○ |
Environmental Management Standard |
Covered by ESRS disclosure requirements |
|
Inappropriately disposed waste negatively impacts people and the environment. |
Short-term |
I |
– |
Actual |
● |
● |
○ |
Environmental Management Standard |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Minimization of waste residue reduces emissions and pollution, thereby positively impacting people and the environment. |
Short-term, Mid-term |
I |
+ |
Actual |
○ |
● |
○ |
Environmental Management |
Covered by ESRS disclosure requirements and company specific disclosures |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Human rights violations negatively impact people and lead to less engagement and productivity. |
Short-term Mid-term |
I |
– |
Actual and potential |
○ |
● |
○ |
Human Rights Policy Statement |
Covered by ESRS disclosure requirements and company specific disclosures |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Failure to establish proper safety and health standards negatively impacts people. |
Short-term |
I |
– |
Actual and potential |
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
The impact leads to increased employee retention and engagement, as well as talent attraction. |
Short-term, Mid term |
I |
+ |
Actual and Potential |
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
The impact leads to increased employee retention and engagement, as well as talent attraction. |
Mid-term |
I |
+ |
Actual |
○ |
● |
○ |
People & Culture Ethics Policy on Non-Discrimination |
Covered by ESRS disclosure requirements and company specific disclosures |
|
The opportunity is connected to OMV’s strategy as attraction and retention of skilled employees is considered a key factor of its success. |
Mid-term |
O |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
|
The risk is connected to OMV’s strategy as insufficiently trained staff might jeopardize its successful implementation. |
Long Term |
R |
|
|
○ |
● |
○ |
EWRM |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Human rights violations in the value chain may negatively impact people and lead to less engagement and productivity. |
Short-term |
I |
– |
Potential |
● |
○ |
● |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Engagement processes on safety aspects of products and services may lead to positive impact on people and environment. |
Mid-term |
I |
+ |
Potential |
○ |
○ |
● |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Strong Human Rights principles along the value chain positively impact working conditions, skills and people engagement. |
Short-term |
I |
+ |
Actual |
● |
○ |
● |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
The risk is connected to OMV’s strategy as reputational erosion might lead to a loss of skilled vale chain workers, which might jeopardize successful strategy implementation. |
Short-term |
R |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
The risk is connected to OMV’s strategy as to a loss of skilled vale chain workers might jeopardize its successful implementation. |
Short-term |
R |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
The opportunity is connected to OMV’s strategy as the application of OMV’s social principles might contribute to increased workers satisfaction and productivity, thus enabling strategy implementation. |
Short-term |
O |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
The opportunity is connected to OMV’s strategy as access to skilled personnel across the value chain is a key factor its successful implementation |
Short-, and Mid-term |
O |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
The opportunity is connected to OMV’s strategy through supporting industries required for OMV’s transition to a sustainable business model through timely reskilling of value chain workers. |
Mid-term |
O |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Failure to address communities’ rights, establish a respect- and trustful relationship and find mutually acceptable solutions negatively impacts people and the environment. |
Short-and Mid-term |
I |
– |
Actual and potential |
● |
● |
○ |
Human Rights Policy Statement |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Involuntary resettlement and the failure to find mutually acceptable solutions and establish a respect- and trustful relationship may negatively impact people. |
Long-term |
I |
– |
Potential |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Supporting local community development leads to a respect- and trustful relationship and positively impacts people. |
Short- and Mid-term |
I |
+ |
Actual and potential |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Respecting communities’ civil and political rights leads to leads a respect- and trustful relationship positively impacts people. |
Short-term |
I |
+ |
Actual |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Disturbance of cultural heritage may harm the establishment of respect- and trustful relationships and negatively impact people. |
Mid-term |
I |
+ |
Potential |
● |
○ |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Limited employment opportunities or community development negatively impacts people. |
Short- and Mid-term |
I |
– |
Actual |
● |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements and company specific disclosures |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
|
Mid-term |
O |
|
|
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
|
Mechanism for protection of whistleblowers helps to identify, report, investigate and prevent illegal or unethical practices affecting people and environment. |
Short-term |
I |
+ |
Actual |
○ |
● |
○ |
Code of Business Ethics |
Covered by ESRS disclosure requirements |
|
Strong Corporate Culture positively impacts people, leading to increased employee retention and engagement, as well as talent attraction. |
Mid-term |
I |
+ |
Actual and potential |
○ |
● |
○ |
Code of Conduct |
Covered by ESRS disclosure requirements |
G1: Business Conduct | Corruption & Bribery (Borealis-specific) |
|
|
|
|
|
|
|
|
|
|
Incidents of corruption and bribery caused by upstream and downstream value chain |
Incidents of corruption and bribery may lead to negative impact on people and the environment due to increased violations of legitimate business practices. |
Mid-term |
I |
– |
Potential |
● |
○ |
● |
Borealis Ethics Policy for Business Partners |
Covered by ESRS disclosure requirements |
A solid anti-corruption and anti-bribery culture, along with legal enforcement, is in place |
Promoting anti-corruption and anti-bribery culture may positively impact people and environment by upholding legitimate business practices. |
Mid-term |
I |
+ |
Potential |
● |
○ |
○ |
Borealis Ethics Policy for Business Partners |
Covered by ESRS disclosure requirements |
A strong applied ethics culture with clear policies, processes, and effective tools in place |
|
Short-term |
O |
|
|
○ |
● |
○ |
Borealis Ethics Policy |
Covered by ESRS disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Supply chain engagement processes (e.g. CoC, General Purchase Conditions, ESG Audits, CGMs) lead to positive impact on people and environment. |
Mid-Term |
I |
+ |
Actual |
● |
○ |
○ |
Corporate Procurement Directive |
Covered by ESRS disclosure requirements and company specific disclosures |
|
ESG supplier assessments lead to positive impact on corporate culture in the supply chain. Potentially they can lead to improvement of working conditions/quality of live for workers in the supply chain in countries with lower standards than in AUT/EU. |
Mid-Term |
I |
+ |
Actual and Potential |
● |
○ |
○ |
Corporate Procurement Directive |
Covered by ESRS disclosure requirements and company specific disclosures |
|
Potential negative impact due to late payments may lead to dependence and subsequent economic instability of suppliers and contractors. |
Short-term |
I |
– |
Actual |
● |
○ |
○ |
Corporate Procurement Directive |
Covered by ESRS disclosure requirements and company specific disclosures |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
Disruption of essential plant process control systems may have a negative impact on people and the environment. |
Short-term |
I |
– |
Potential |
● |
● |
○ |
IT/OT Security Directive |
Covered by entity-specific disclosure requirements |
|
Protection of personal data and privacy rights by operating mature systems may positively impacts people. |
Short-term |
I |
+ |
Potential |
○ |
● |
● |
IT/OT Security Directive |
Covered by entity-specific disclosure requirements |
Description |
Further details |
Time Horizon |
|
|
|
Value Chain |
|
|
||
---|---|---|---|---|---|---|---|---|---|---|
IRO |
Actual/ Potential |
US |
OO |
DS |
Relevant Policies |
Type of disclosure |
||||
|
|
Short-term |
O |
|
|
○ |
● |
● |
Taxes Directive |
Covered by entity-specific disclosure requirements |
|
Investments into community development strengthen local economies and positively impact people. |
Mid-term |
I |
+ |
Actual and potential |
● |
● |
○ |
Taxes Directive |
Covered by entity-specific disclosure requirements |
|
Lower community income may lead to reduced public services and community development and therefore negatively impact people and the environment. |
Mid-term |
I |
– |
Potential |
○ |
● |
○ |
Taxes Directive |
Covered by entity-specific disclosure requirements |
|
|
Short-term |
R |
|
|
○ |
● |
○ |
Enterprise-Wide Risk Management |
Covered by entity-specific disclosure requirements |
|
|
Short-term |
R |
|
|
○ |
● |
○ |
Enterprise-Wide Risk Management |
Covered by entity-specific disclosure requirements |