Targets

Climate Change

Intensity Targets

Carbon intensity of operations

–20%

Status 2023

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

–1%

Status 2023

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

–1%

Status 2023

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

0.3%

Status 2023

E&P methane intensity

≤0.2%

Target 2025

Achieve an E&P methane intensity of ≤0.2%

≤0.1%

Target 2030

Achieve an E&P methane intensity of ≤0.1%

Absolute Targets

Scope 1

0.7 mn t

Status 2023

Reduced through concrete emissions reduction initiatives and divestments since 2020

1 mn t

Target 2025

Achieve at least 1 mn t of 2 reductions in 2020–2025 from operated assets

Scopes 1 and 2

–25%

Status 2023

Reduced Scope 1 and 2 emissions vs. 2019

≥30%

Target 2030

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

≥60%

Target 2040

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

Scope 3

–10%

Status 2023

Reduced Scope 3 emissions 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

53 mn m3

Status 2023

Volume of gas routinely flared and vented
in 2023 vs. 240 mn m3 in 2022

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 the C&M business segment
  • Decrease production and sales of fossil fuels (reduce oil and gas production levels to around 350 kboe/d and reduce crude distillation throughput by 2.6 mn  by 2030)
  • Increase production of renewable mobility fuels and sustainable chemical feedstocks to approximately 1.5 mn t, and produce and market at least 700,000 t of sustainable aviation fuels by 2030
  • Establish storage capacity of around 5 mn t/year CO2 net at OMV by 2030 (thereof 2 mn t/year at OMV Petrom)
  • Build up around 10  of renewable energy production by 2030 (including geothermal, , wind)
  • Pursue uptake of green gases, such as biogas and H2, primarily from trading, in gas sales portfolio mix
Natural Resources Management

Circular materials

195.9 kta

Status 2023

Production capacity established

600 kta

Target 2025

Establish production capacity of 600 kta sustainable (including recycled and biobased) poly­olefins and other chemicals

2,000 kta

Target 2030

Establish production capacity of approximately 2,000 kta sustainable (including recycled and biobased) polyolefins and other chemicals

Fossil resources

364 kboe/d

Status 2023

Production: 364 kboe/d; crude throughput: 15.1 mn t

350 kboe/d

Target 2030

Reduce use of natural resources by reducing oil and gas production levels to around 350 kboe/d and by reducing crude distillation throughput by 2.6 mn t

Waste

74%

Status 2023

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

 154,573

Status 2023

Megaliters of freshwater
withdrawal

Plan (icon)

Target 2025

Reduce freshwater withdrawal

Plan (icon)

Target 2030

Reduce freshwater withdrawal

Key Actions:

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

1.37

Status 2023

TRIR per 1 mn hours worked

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 () at below 1.0 per 1 mn hours worked

Fatalities

1

Status 2023

work-related fatality

0

Target 2025

Achieve zero work-related
fatalities

0

Target 2030

Achieve zero work-related
fatalities

Process safety

0.23

Status 2023

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

24.4%

Status 2023

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

26.8%

Status 2023

Female Executive Board members

20%

Target 2030

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

International experience

71.4%

Status 2023

Executives with
international experience

75%

Target 2025

Maintain high share of executives with international experience at min. 75%

75%

Target 2030

Maintain high share of executives with international experience at min. 75%

International management

59.2%

Status 2023

International management

65%

Target 2030

Increase share of international management to 65%

Employee training

30

Status 2023

Average number of annual learning hours

30

Target 2030

Increase average number of annual learning hours to at least 30 hours per employee

Disability support

Plan (icon)

Status 2023

Detailed actions for our roadmap until 2030 were implemented, with further initiatives planned for 2024

Status (icon)

Target 2030

Increase support for employees with special needs at our main locations

Human rights awareness

71%

Status 2023

OMV Group employees trained in human rights

100%

Target 2025

Train all OMV Group employees in human rights

Human rights due diligence

6

Status 2023

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

8

Status 2023

Out of 9 sites in scope assessed

100%

Target 2025

Assess Community Grievance Mechanism at all sites against Effectiveness Criteria

Community investments

1.2%

Status 2023

Group investments directed toward social goals

1%

Target 2030

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

Key Actions:

  • Establish a global Diversity, Equity, and Inclusion () 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 intergenerational collaboration
  • Introduce a non-discrimination policy
  • Improve support for working parents
  • Improve support for employees with special needs
  • Introduce yearly learning 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 the continued increase in social spending
Ethical Business Practices

Supplier evaluation

40.6%

Status 2023

40.6% of A suppliers (suppliers covering >80% Procurement spend) assessed

>80%

Target 2025

Be an active member of and conduct sustainability evaluations of all suppliers covering >80% of Procurement spend

90%

Target 2030

Extend sustainability evaluations to suppliers covering 90% of
Procurement spend

Carbon footprint of suppliers

394

Status 2023

Suppliers engaged with via

80%

Target 2025

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

Carbon footprint of suppliers

71%

Status 2023

Responding suppliers with 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

9,285

Status 2023

Employees in the OMV Group trained in business ethics in 2023

Status (icon)

Target 2025

Promote awareness of ethical values and principles: conduct in-person or online business ethics training 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 according to 980 standard in 2022)

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

CO
carbon monoxide
t
ton
CCS
Carbon Capture and Storage
TWh
terawatt hour
PV
photovoltaic
TRIR
Total Recordable Injury Rate
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
CDP
CDP Carbon Disclosure Project
ESG
environmental, social, and governance
IDW
Institut der Wirtschaftsprüfer in Deutschland e.V.; Institute of Public Auditors in Germany
PS
process safety

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