Material Topic: S3 Affected Communities
Material Sub-topics: Communities’ economic, social, and cultural rights; Communities’ civil and political rights; Rights of indigenous peoples
Managing the impact of our activities on local communities (e.g., local employment and skills development, infrastructure impacts, environmental, health, and well-being impacts), including through targeted social investments
Relevant SDGs:
SDG targets:
1.4By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services, including microfinance
8.3Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small-, and medium-sized enterprises, including through access to financial services
16.6Develop effective, accountable, and transparent institutions at all levels
16.7Ensure responsive, inclusive, participatory, and representative decision-making at all levels
The material impacts related to S3 Affected Communities can be found in SBM-3 Material Impacts, Risks, and Opportunities and Their Interaction with Strategy and Business Model. This topic is governed centrally by Group Sustainability, which is led by the SVP Investor Relations & Sustainability, who reports directly to the CFO. The sustainability departments at OMV Petrom and Borealis govern their respective issues and coordinate with their local community relations focal persons.