OMV applies internal carbon pricing for investment decisions across all business segments. In the base case, the costs of CO2 emissions are included wherever carbon pricing schemes are in place within the respective countries. Additionally, a stress test based on a “net zero emissions by 2050” scenario is conducted. For this stress test, shadow prices are applied to 100% of OMV’s share of direct Scope 1 emissions. As internal carbon prices are applied for future investments, they do not apply to the reporting year in which actual carbon prices are considered. These actual carbon prices covered 85% (2024: 85%) of OMV’s reported Scope 1 emissions in 2025, equivalent to 8.1 mn t of CO2 (2024: 8.3 mn t of CO2).
The internal carbon prices applied are consistent with the carbon prices used for accounting purposes including impairment testing, calculation of depreciation, assessments of the useful life, and fair value measurement of assets according to IFRS. The applied carbon prices are detailed in Note 3 – Effects of climate change and the energy transition.
Base case carbon prices are informed by the IEA’s Stated Policies Scenario (STEPS) and other external and internal market analyses, while the “Net Zero Emissions by 2050” case prices are largely based on the IEA’s Net Zero Emissions by 2050 (NZE) scenario. Aside from the assurance provider, the measurement of the metric is not validated by an external body.