Material Topic: E5 Resource Use and Circular Economy
Material Sub-topics: Resource inflows, including resource use; Resource outflows related to products and services; Waste
Decoupling economic growth from resource depletion by switching to renewable raw materials and reusing products or recovering waste to make new materials and products, for example chemicals and polymers from recycled or renewable inflows and feedstock and fuels from renewable sources
Relevant SDGs:
SDG targets:
8.4Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead
9.4By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities
12.5By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse
12.6Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle
14.1By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollution
The material impacts and opportunity related to E5 Resource Use and Circular Economy can be found in SBM-3 Material Impacts, Risks, and Opportunities and Their Interaction with Strategy and Business Model. Several departments at OMV share responsibility for this topic. OMV Group Sustainability jointly owns this topic with the OMV business units Fuels and Chemicals. For the topics of waste and wastewater, ownership is shared between the SVP Investor Relations & Sustainability and the VP OMV Group HSSE.