In 2025, OMV did not have any GHG removals and storage resulting from projects in its own operations nor in its upstream or downstream value chain.
|
|||
|
|
2025 |
2024 |
|---|---|---|---|
Total |
t CO2e |
311,573 |
346,094 |
Share from removal projects |
% |
0.0 |
0.0 |
Share from reduction projects |
% |
100.0 |
100.0 |
Share from projects within the EU |
% |
0.00 |
0.03 |
Share of carbon credits that qualify as corresponding adjustments under Article 6 of the Paris Agreement |
% |
0.0 |
0.0 |
Recognized quality standards |
|
|
|
CDM (Clean Development Mechanism) |
% |
22.7 |
18.4 |
Gold Standard |
% |
0.0 |
0.1 |
VCS (Verified Carbon Standard) |
% |
77.3 |
81.4 |
Voluntary Carbon Offsetting
OMV offers customers voluntary carbon offsetting and works closely with ClimatePartner, an internationally trusted service partner based in Munich. OMV selects certified carbon offsetting projects and ClimatePartner provides them, ensuring that OMV customers who use this option are able to contribute a dedicated amount to these projects. The criteria for these carbon offset credits to be used for voluntary offsetting are clearly defined in OMV’s GHG Management Framework. In 2025, the biggest contributors in terms of CO2 offsets in OMV’s portfolio were wind, solar and hydropower projects in India and China. The climate protection projects used for CO2 offsetting consisted of: hydropower projects (9%) in India; solar projects (54%) in India; and wind energy projects in China and India (37%). These carbon offsets are verified according to one or more of the following internationally recognized standards: Gold Standard (GS), Verified Carbon Standard (VCS), Clean Development Mechanism (CDM), and Climate, Community & Biodiversity Standard (CCBS).
OMV’s use of voluntary carbon offsets neither impedes nor reduces the achievement of OMV’s GHG emission reduction targets, which are based on actual emission reductions within OMV’s value chain. Carbon credits are not counted toward these targets to be achieved by 2050, but are offered to customers as voluntary offsets. For OMV’s net zero by 2050 target, residual GHG emissions (after GHG emissions are reduced by approximately 90–95%) are intended to be neutralized by methods including carbon credits. OMV’s GHG Management Framework Standard provides minimum requirements for voluntary carbon offset credits. The total amount of carbon credits outside of OMV’s value chain that are due to be canceled in the future is 219,140 t of CO2e (2024: 612,288 t of CO2e). All of these credits are based on existing contractual agreements.
Total carbon credits canceled in the reporting year (by project type and quality standard): this metric represents the number of carbon credits officially canceled within the reporting year, tracked and verified through credit transactions to ensure compliance with regulatory and voluntary offset program requirements, as well as recognized quality standards (e.g., Verified Carbon Standard, Gold Standard). Results are reported by project type, EU share, and credits qualifying as corresponding adjustment. This process involves detailed documentation and validation of credit transactions against the recognized quality standards. Limitations include potential inaccuracies or incompleteness in records, delays in cancelation or validation processes, and evolving or inconsistent application of regulatory and quality standards across projects and registries. The metrics are validated by an external body other than the assurance provider in line with the respective recognized quality standards.
Total carbon credits to be canceled in the future: this metric reflects the estimated number of carbon credits planned for future cancelation, based on projected needs. Limitations include uncertainties in future regulations, market volatility, and the accuracy of need estimations. Aside from the assurance provider, the measurement of the metric is not validated by an external body.