OMV recognized as a leader in climate change action for seventh consecutive year and maintains Dow Jones Sustainability Index status and leadership score in CDP
- OMV in the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and as the only Austrian company
- CDP ranks OMV “Leadership A–” in the climate change category for the seventh consecutive year
- OMV among top 20 oil and gas companies worldwide and among the eight best companies in Austria across all sectors as scored by CDP
OMV has been reaffirmed as a sustainability leader by independent rating agencies in the fields of Environmental, Social and Governance (ESG).
Alfred Stern, CEO and Chairman of the Executive Board of OMV, “We are very pleased that our sustainability strategy and excellent performance has again been recognized by S&P Global and CDP. These results are a testament to OMV’s long-standing commitment to sustainability and climate action in our business strategy, aimed at significantly improving our carbon footprint with a view on a sustainable future”
OMV attained a score in the 97th percentile of its industry in S&P Global’s annual Corporate Sustainability Assessment (CSA), leading to inclusion in the prestigious Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year. The DJSI World represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index, based on long-term economic, environmental, and social criteria.
In addition, CDP has scored the results of nearly 15,000 participating companies on climate change globally. OMV was awarded a “Leadership A–” score for the seventh time in a row in this category, making it one of the top 20 companies in the global oil and gas sector. In Austria, OMV is one of the eight highest ranked companies among all sectors that participated in the CDP Climate Change Disclosure.
CDP is a not-for-profit organization that is regarded as the number one climate research provider by investors and works with institutional investors, managing assets of over USD 130 trillion. The CDP methodology scores organizations’ progress towards environmental stewardship and has built up the world's most comprehensive collection of self-reported environmental data.
OMV’s achievements in sustainability are evaluated every year by multiple ESG rating agencies. In 2022, these included:
- MSCI reaffirmed an AAA rating for the tenth year in a row, placing OMV among the best 10% of oil and gas companies worldwide
- ISS ESG awarded OMV Prime Status and ranked it in top of industry
- Sustainalytics classified OMV as industry leader – 26.7 (medium risk) in the Sustainalytics ESG Risk Rating
- Included in various ESG indices such as the FTSE4Good Index, MSCI’s ACWI ESG Leaders and the STOXX® Global ESG Leaders index (based on OMV’s assessment by Sustainalytics)
With Group sales revenues of EUR 36 bn and a workforce of around 22,400 employees in 2021, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Fuels & Feedstock business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,800 filling stations in ten European countries. In the Energy segment, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2021 included production from a joint venture in Russia and amounted to 486,000 boe/d with a focus on natural gas (~60%). Since March 1, 2022, Russian entities are no longer consolidated. Its activities include the Low Carbon Business as well as Gas Marketing & Trading, including gas storage facilities in Austria and Germany and a gas fired power plant in Romania.
OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.
OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.