Stakeholder Engagement

OMV is committed to stakeholder engagement and convinced that mutual respect, transparent behavior, and open dialogue are the best foundations for a good relationship with the various stakeholders we interact with. In our stakeholder engagement approach, we identify and manage relationships with persons, groups, or organizations who might be affected by our activities, or who might have an impact on our business.

Stakeholder Groups

Examples of OMV Engagement

Examples of Key Topics and Concerns Raised by Stakeholders

 

 

 

Capital market participants
  • Regular reports and presentations, roadshows, Annual General Meetings, conferences
  • Socially responsible investor (SRI) meetings
  • Share price and overall Company performance
  • Creditworthiness
  • Valuation compared to peers
  • Climate strategy
  • Significant ESG-related controversies

Customers
  • Advertising
  • Events
  • Customer surveys
  • Price and quality of products and services
  • Customer service

Employees
  • Town hall events, small update events with an Executive Board member
  • Internal newsletters, info screens, intranet, internal blog
  • Employee surveys
  • Career and development opportunities
  • Transparent communication and information
  • Supportive management

Government authorities
  • Information exchange
  • Relationship management
  • Regular reporting (as required by law)
  • Regulatory framework
  • Business environment
  • Security of (energy) supply

Industry associations
  • Information exchange and regular contact
  • Regulatory framework
  • Business environment

Local communities
  • Sustainability projects, sponsorships, and donations
  • Grievance mechanisms
  • Social and environmental standards and impacts
  • Engagement with local community

Media
  • Press releases and conferences
  • Interviews
  • Overall Company strategy, performance, and results

NGOs/NPOs
  • Social projects, sponsorships, and donations
  • Stakeholder dialogue and grievance mechanisms
  • Meetings between OMV CEO and key NGOs
  • Environmental, social, and climate performance and risks
  • Long-term OMV strategy

Peer companies, competitors, JVs, and other business partners
  • Industry meetings
  • Contracts
  • Participation in working groups such as Ipieca, IOGP
  • Industry-wide standards for sustainability topics
  • Good practice in exploration, development, and production activities

Scientific and research institutions
  • Joint projects with industry partners, scientific organizations, and universities
  • Conferences and lectures
  • Information on and best practice for new technologies

Suppliers and contractors
  • Negotiations and contracts
  • Supplier audits and assessments
  • Supplier events
  • Fair contracts
  • On-time payment
  • Decent working conditions

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