Embedding due diligence in governance, strategy, and business model |
ESRS 2 GOV-2 Sustainability matters addressed by management, GOV-2.26a.
ESRS 2 GOV-3 Incentive schemes, GOV 3.29a-29e.
ESRS 2 SBM-3 Material impacts, risks and opportunities and their integration with strategy and business model, ESRS 2 SBM 3-48a-48b.
Due diligence is integrated into the Company’s governance, strategy, and business model. Detailed information on this is outlined in the Management and Due Diligence Processes sections of each Material Topic. |
Engaging with affected stakeholders in all key steps of due diligence |
ESRS 2 GOV-2 Sustainability matters addressed by management, GOV-2.26a.
ESRS 2 SBM-2, Interests and views of stakeholders, SBM2.45a-i-45-v, S1.SBM-2.12, S2.SBM-2.9, S3.SBM-2.8
Topical ESRS, ESRS S1-12, S1-1.19, S1-2.27, ESRS S2-2, ESRS S3-2
ESRS 2 IRO-1 Materiality assessment process, ESRS2-IRO-1.53b-iii
ESRS 2 MDR-P Policy overview, ESRS E5-1.14, ESRS E4-2.22, E4-2, ESRS E3-1.14, ESRS E2-1, ESRS S1-2.24, ESRS S2-1.16, S2-1, ESRS S3-1
The Company engages with affected stakeholders in all key steps of the due diligence process. The human rights due diligence process includes continuous engagement and consultation with external stakeholders, including those being impacted. This engagement is part of assessing actual and potential human rights impacts, integrating and acting on due diligence findings, tracking the effectiveness of actions, and communicating how these impacts are being addressed.
Details on human rights due diligence are available in the Statement on Modern Slavery and Human Trafficking. |
Identifying and assessing adverse impacts |
ESRS 2 SBM-2 Interests and views of stakeholders, SBM2.48a, 48b
ESRS 2 IRO-1 Materiality assessment process, ESRS 2 IRO-1.53a, 53e, 53g, E1.20a, 20b-ii, 20c-i; E1.21; E2.11a; E4.17c
The Statement on Modern Slavery and Human Trafficking 2023 explains that OMV’s human rights due diligence (DD) encompasses four steps, the first of which is assessing actual and potential human rights impacts associated with current and future business activities. This indicates that OMV’s due diligence processes include identifying and assessing adverse impacts, specifically related to human rights. |
Taking actions to address those adverse impacts |
Topical ESRS, ESRS E1-3, ESRS E2-2, ESRS E3-2, ESRS E4-3, ESRS E5-2 , ESRS S1-4, ESRS S2-4 , ESRS S3-4
OMV takes actions to address adverse impacts identified during the due diligence process, as detailed in the Statement on Modern Slavery and Human Trafficking 2023. OMV’s human rights due diligence (DD) process comprises four steps: assessing actual and potential human rights impacts associated with current and future business activities, integrating and acting on the findings in our activities, tracking the effectiveness of our actions, and communicating how these impacts are being addressed. |
Tracking and communicating the effectiveness of these efforts |
ESRS 2 MDR-T Tracking effectiveness of these efforts through targets, ESRS E1-4, ESRS E2-3, ESRS E5-3, ESRS S1-5, ESRS S2-5, ESRS S3-3
OMV tracks the effectiveness of its efforts in addressing the adverse impacts identified during the due diligence process, and this information can be found in the Statement on Modern Slavery and Human Trafficking 2023. The statement outlines OMV’s human rights due diligence process, which encompasses four steps: assessing actual and potential human rights impacts associated with current and future business activities, integrating and acting on the due diligence findings in our activities, tracking the effectiveness of our actions, and communicating how these impacts are being addressed. |
