Environmental Data

For the purpose of setting GHG emissions reduction targets, a meaningful and consistent comparison over time requires the setting of a performance date (base year) with which to compare current emissions. For its 2030 and 2040 GHG reduction targets, the OMV Group has set 2019 as the base year including full-year Scope 1 to 3 emissions data of Borealis. In accordance with best practice guidance (i.e., GHG Protocol), when a company undergoes significant structural changes due to acquisitions, divestments, and mergers, GHG data shall be recalculated for all years dating back to the base year. OMV has set a threshold that a significant change means that the cumulative effect of mergers/acquisitions/divestments represents a higher effect than 5% on the OMV Group’s base year absolute GHG emissions. Accordingly, this table shows the recalculated emissions for the categories of emissions relevant for the 2030 targets. The previous table, GHG Emissions – Absolute, does not have recalculated data to give as transparent a picture as possible.

The following Scope 3 categories are included: Category 11: Use of Sold Products for OMV’s energy and Nitro segments, Category 1: Purchased Goods (feedstocks) from OMV’s non-energy business segment, and Category 12: End-of-Life of Sold Products for OMV’s non-energy segment.

The carbon intensity of energy supply is measured by assessing the intensity of their Scope 1 and 2 emissions plus Scope 3 emissions (in g CO₂) from the use of sold energy products, against the total energy value of all externally sold energy products (in MJ) (excluding purely traded volumes).

The methane intensity refers to the volume of methane emissions from OMV’s operated E&P oil and gas assets as a percentage of the volume of the total gas that goes to market from those operations. The approach is aligned with the Oil and Gas Climate Initiative’s (OGCI) methane intensity. Unlike the other figures in this table, the methane intensity is not subject to a baseline recalculation, as the target is a fixed value and the target achievement is not compared to the base year. In case of mergers and aquisitions, new operations will be expected to endorse the existing target.

Excluding Borealis

Direct CO₂ equivalent emissions produced to generate a certain business output using the following business-specific metric – Upstream: t CO₂ equivalent/toe produced, refineries: t CO₂ equivalent/t throughput (crude and semi-finished products without blended volumes), power: t CO₂ equivalent/MWh produced – consolidated into an OMV Group Carbon Intensity Index, based on weighted average of the business segments’ carbon intensity. The Carbon Intensity Index was developed in 2018.