Targets

Climate Change

Intensity Targets

Carbon intensity of operations

–18%

Status 2021

Reduced carbon intensity of operations (Scope 1) vs. 2010

≥30%

Target 2025

Reduce carbon intensity of operations (Scope 1) by ≥30% vs. 2010

Carbon intensity of energy supply

–2.8%

Status 2021

Reduced carbon intensity of energy supply vs. 2019

≥20%

Target 2030

Reduce carbon intensity of energy supply by ≥20% vs. 2019

≥50%

Target 2040

Reduce carbon intensity of energy supply by ≥50% vs. 2019

Carbon intensity of the product portfolio

–5%

Status 2021

Reduced carbon intensity of product portfolio (Scope 3) vs. 2010

>6%

Target 2025

Reduce carbon intensity of product portfolio (Scope 3) by >6% vs. 2010

Methane intensity

0.6%

Status 2021

E&P methane intensity

0.2%

Target 2025

Achieve an E&P methane intensity of 0.2% or lower

0.1%

Target 2030

Achieve an E&P methane intensity of 0.1% or lower

Absolute Targets

Scope 1

0.53 mn t

Status 2021

reduced through concrete emissions reductions initiatives and divestments since 2020

1 mn t

Target 2025

Achieve at least 1 mn reductions in 2020–2025 from operated assets

Scope 1 and 2

–11%

Status 2021

Reduced Scope 1 and Scope 2 emissions vs. 2019

≥30%

Target 2030

Reduce Scope 1 and Scope 2 emissions by ≥30% vs. 2019

≥60%

Target 2040

Reduce Scope 1 and Scope 2 emissions by ≥60% vs. 2019

Scope 3

+2%

Status 2021

Increased Scope 3 emission vs. 2019

≥20%

Target 2030

Reduce Scope 3 emissions by ≥20% vs. 2019

≥50%

Target 2040

Reduce Scope 3 emissions by ≥50% vs. 2019

Flaring and Venting

410 mn m3

Status 2021

Volume of gas routinely flared in 2021 vs. 462 mn in 2020

0

Target 2030

Zero routine flaring and venting of associated gas as soon as possible, but no later than 2030

Key Actions:

  • Phase out routine flaring and venting
  • Conduct energy efficiency programs
  • Run methane leakage and repair programs
  • Purchase 100% renewable energy in C&M
  • Decrease fossil fuels production and sales (reducing oil and gas production levels to below 400 kboe/d and reducing crude distillation throughput by 2.6 mn t)
  • Grow production of renewable mobility fuels and sustainable chemical feedstocks to approximately 1.5 t annually, including producing and marketing at least 700 of sustainable aviation fuels annually
  • Develop storage capacity of around 5 mn t/year CO2 net to OMV by 2030 (thereof 2 mn t/year at OMV Petrom)
  • Build up around 10 of renewable energy production (including geothermal, , wind)
  • Pursue uptake of green gases, such as biogas and , primarily from trading, in gas sales portfolio mix
Natural Resources Management

Circular materials

91 kt

Status 2021

of circular material (recyclates and biobased material) sold via Borealis; production capacity of 100 kt established at Borealis

350 kta

Target 2025

Produce 350 kta recycled polyolefins

2,000 kta

Target 2030

Produce ~2,000 kta sustainable (includes recycled and biobased) polyolefins

Fossil resources

486 kboe/d

Status 2021

Production: 486 kboe/d; crude throughput: 15.7 mn t

400 kboe/d

Target 2030

Reduce natural resources use by reducing oil and gas production levels to below 400 kboe/d and by reducing crude distillation throughput by 2.6 mn t

Waste

68%

Status 2021

Waste recovery or recycling rate

Plan (icon)

Target 2025

Increase waste reuse and recycling from operations

Plan (icon)

Target 2030

Increase waste reuse and recycling from operations

Water withdrawal

332,901

Status 2021

megaliters of freshwater withdrawal

Plan (icon)

Target 2025

Reduce freshwater withdrawal

Plan (icon)

Target 2030

Reduce freshwater withdrawal

Key Actions:

  • Build up capabilities for procurement of sustainable feedstocks (plastic waste and bio-feedstocks) for polyolefins
  • Accelerate development of and scale advanced mechanical recycling business and chemical recycling business
  • Develop and implement a sustainable product portfolio for biobased polyolefins
  • Build up design for recycling and reuse businesses for polyolefins
  • Optimize water management in operations
  • Develop environmental targets
Health, Safety, and Security

TRIR

0.96

Status 2021

Total Recordable Injury Rate ()

1.0

Target 2025

Achieve a Total Recordable Injury Rate (TRIR) of around 1.0 per 1 mn hours worked

<1.0

Target 2030

Stabilize Total Recordable Injury Rate (TRIR) at below 1.0 per 1 mn hours worked

Fatalities

3

Status 2021

work-related fatalities

0

Target 2025

Achieve zero work-related fatalities

0

Target 2030

Achieve zero work-related fatalities

Process Safety

0.23

Status 2021

Process Safety Event Rate

Ziel (icon)

Target 2025

Maintain leading position in Process Safety Event Rate

Ziel (icon)

Target 2030

Maintain leading position in Process Safety Event Rate

Key Actions:

  • Develop Strategy and annual HSSE plans
  • Continue Borealis integration
  • Safety Leadership Program and Safety Culture Program
  • Continuously improve process safety management
  • Learn from incidents
People

Women in management

20.9%

Status 2021

Share of women at management level

25%

Target 2025

Increase share of women at management level to 25%

30%

Target 2030

Increase share of women at management level to 30%

Women in executive management

26.7%

Status 2021

of Executive Board members are female

20%

Target 2030

Min. 20% of Executive Board members are female (stretch target: 30%)

International experience

71.8%

Status 2021

Share of executives with international experience

75%

Target 2025

Keep share of executives with international experience at min. 75%

75%

Target 2030

Keep share of executives with international experience at min. 75%

International management

60%

Status 2021

Share of international management

65%

Target 2030

Increase share of international management to 65%

Employee training

18

Status 2021

hours of annual learning

30

Target 2030

Increase average number of annual learning hours to a min. of 30 hours per employee

Disability support

Plan (icon)

Status 2021

Disability included in diversity, equity, and inclusion strategy

Status (icon)

Target 2030

Increase support for employees with disabilities at our main locations

Human rights awareness

54%

Status 2021

OMV Group employees trained in human rights

100%

Target 2025

Train all OMV Group employees in human rights

Human rights due diligence

8

Status 2021

assessments conducted in the last 5 years

100%

Target 2030

Conduct human rights assessments and develop action plans for all OMV Group operations with a high level of human rights risks every 5 years

Community relations

7

Status 2021

out of 9 sites in Scope assessed

100%

Target 2025

Community Grievance Mechanism of all sites assessed against Effectiveness Criteria

Community investments

1.46%1 The reported net income attributable to stockholders of the parent in 2020 experienced significantly negative effects following the COVID-19 pandemic, reaching only EUR 1,258 mn. In 2021, OMV’s reported net income attributable to stockholders of the parent was EUR 2,093 mn. Strategic social investments totaled EUR 18.4 mn in 2021.

Status 2021

of Group investment directed toward social goals

1%

Target 2030

Direct at least 1% of Group investment per year toward social goals (based on previous year’s reported net income attributable to stockholders of the parent)

Key Actions:

  • Establish a global Board/Council
  • Conduct regular global people and culture surveys
  • Regularly report on gender-related salary equality
  • Regularly report on age distribution to identify gaps and foster inter-generational collaboration
  • Introduce a non-discrimination policy
  • Improve support for working parents
  • Improve support for employees with disabilities
  • Introduce yearly learnings awards
  • Provide employees with the ability to self-monitor their learning hours
  • Roll out new leadership training and assessment to reinforce inclusive and growth mindset behavior
  • Introduce mandatory human rights e-learning
  • Integrate climate change and Just Transition into the Human Rights Management System
  • Pursue a social investment strategy addressing the UN and reflecting a continued increase in social spending

1 The reported net income attributable to stockholders of the parent in 2020 experienced significantly negative effects following the COVID-19 pandemic, reaching only EUR 1,258 mn. In 2021, OMV’s reported net income attributable to stockholders of the parent was EUR 2,093 mn. Strategic social investments totaled EUR 18.4 mn in 2021.

Ethical Business Practices

Supplier evaluation

Status (icon)

Status 2021

OMV became a member

>80%

Target 2025

Be an active member of TfS and run sustainability evaluations for all suppliers covering >80% of procurement spend

90%

Target 2030

Extend sustainability evaluations to suppliers covering 90% of procurement spend

Carbon footprint of suppliers

137

Status 2021

suppliers engaged with

80%

Target 2025

Engage with suppliers covering 80% of procurement spend and assess their carbon footprint as a foundation to define and run joint low-carbon initiatives

Carbon footprint of suppliers

63%

Status 2021

of responding suppliers have a climate target in place

Status (icon)

Target 2030

All suppliers covering >80% of procurement spend to have carbon reduction targets in place

Business ethics

16,020

Status 2021

employees in the OMV Group trained in business ethics

Status (icon)

Target 2025

Promote awareness of ethical values and principles: conduct in-person or online business ethics trainings for all employees

Key Actions:

  • Screen all suppliers against mandatory criteria during supplier prequalification
  • Foster the digital availability of compliance services and information, in particular by broadening the functions of the OMV Compliance app
  • Operate a state-of-the-art compliance management system (verified and approved under 980 standard in 2022)

Further details and definitions for each target can be found in the respective Focus Areas sections of the report.

t
ton
CO2
carbon dioxide
m3
cubic meter
mn
million
kt
kiloton
CCS
Carbon Capture and Storage
TWh
terawatt hour
PV
photovoltaic
H2
hydrogen gas
TRIR
Total Recordable Injury Rate
HSSE
Health, Safety, Security, and Environment
UN
United Nations
DEI
Diversity, Equity, and Inclusion
SDGs
Sustainable Development Goals
TfS
Together for Sustainability
ESG
environmental, social, and governance
IDW
Institut der Wirtschaftsprüfer in Deutschland e.V.; Institute of Public Auditors in Germany
PS
process safety