Specific Sustainability Risks and Opportunities
In the table below, we have summarized the potential risks (divided into threats and opportunities), mitigation measures, and net risks and opportunities of OMV activities, structured according to our material topics and related NaDiVeG concerns. Materiality in this context is defined as issues having a potentially significant impact on the environment or society (for more information, see Materiality). Risks reported were selected based on their magnitude using impact and probability, and at least one relevant example for each material topic was selected.
Focus Area: Climate Change
Material Topic |
Risk Description |
Effect Description (Inside-Out or Outside-In) |
Mitigation Measures |
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Energy Transition |
Threat (Transition Risk): |
Inside-Out: |
For more information, see Energy Transition |
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Threat (Transition Risk): |
Outside-In: |
For more information, see Energy Transition |
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Carbon Emissions Reduction |
Threat (Transition Risk): |
Outside-In: |
For more information, see Energy Efficiency and Sourcing Renewable Energy as well as Flaring, Venting, and Fugitive Methane Emissions |
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Energy Transition and Carbon Emissions Reduction |
Opportunity (Transition Opportunity): |
Inside-Out and Outside-In: |
For more information, see Zero Carbon Products and Energy Efficiency as well as Sourcing Renewable Energy |
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Focus Area: Natural Resources Management
Material Topic |
Risk Description |
Effect Description (Inside-Out or Outside-In) |
Mitigation Measures |
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Circular Economy |
Opportunity: |
Inside-Out: |
For more information, see Circular Economy and Neutralization Measures |
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Threat: |
Inside-Out: |
For more information, see Circular Economy |
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Environment |
Threat (Physical Risk): |
Outside-In: |
For more information, see Water |
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Threat: |
Inside-Out: |
For more information, see Waste |
Focus Area: People
Material Topic |
Risk Description |
Effect Description (Inside-Out or Outside-In) |
Mitigation Measures |
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Diversity, Equity, and Inclusion |
Threat: |
Outside-In: |
For more information, see Diversity, Equity, and Inclusion |
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Employees |
Threat: |
Outside-In: |
For more information, see Employees |
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Opportunity: |
Inside-Out: |
For more information, see Employees |
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Communities |
Threat: |
Outside-In: Further consequences for OMV include production delays, security issues, blockages of OMV’s activities, legal liability, loss of social license to operate, damage to OMV’s reputation. Inside-Out:
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For more information, see Communities and Human Rights |
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Human Rights |
Threat: |
Inside-Out:
Outside-In: |
For more information, see Human Rights |
Focus Area: Health, Safety, and Security2
Material Topic |
Risk Description |
Effect Description (Inside-Out or Outside-In) |
Mitigation Measures |
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Health, Safety, and Well-Being |
Threat: |
Inside-Out and Outside-In: |
For more information, see Process Safety |
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Threat: |
Inside-Out and Outside-In: |
For more information, see Process Safety and Spills |
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Threat: |
Inside-Out: |
For more information, see Product Safety |
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Focus Area: Ethical Business Practices
Material Topic |
Risk Description |
Effect Description (Inside-Out or Outside-In) |
Mitigation Measures |
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Economic Impacts and Business Principles |
Threat: |
Outside-In: |
For more information, see Business Ethics and Anti-Corruption |
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Threat: |
Outside-In: |
For more information, see Environment |
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Threat: |
Inside-Out and Outside-In: |
For more information, see Information and Cybersecurity as well as Human Rights |
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Supply Chain |
Threat: |
Outside-In and Inside-Out: |
For more information, see Supply Chain |