OMV retains its leadership score in CDP Climate Change
- CDP ranks OMV “Leadership A–” in the climate change category
- OMV among top 14 oil and gas companies worldwide
- OMV one of the five best companies in Austria
At the end of January, CDP published the results of its latest analysis of 8,361 companies worldwide in the climate change category. OMV was awarded the ranking of “Leadership A–” for the fourth time in a row in this category, making it one of the top 14 companies in the global oil and gas sector. In Austria, OMV is one of the five highest ranked companies among all sectors. Since 2011, OMV has been providing data to CDP for being evaluated on its transparency and performance with regard to climate change.
OMV CEO Rainer Seele: "Achieving a CDP climate score of "Leadership A–" for another year shows that our efforts to integrate sustainability into our business strategy, increase energy efficiency, and improve our carbon footprint are being recognized."
CDP is a not-for-profit organization that runs the leading global disclosure system for the management of environmental impacts. It is regarded as the number one climate research provider by investors and works with institutional investors, managing assets of USD 96 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 ratings agencies in the fields of Environment, Society and Governance (ESG). In addition to CDP, OMV’s stellar performance has also been confirmed by its inclusion in the Dow Jones Sustainability Index (SAM und S&P Global), FTSE4Good Index, and STOXX Global ESG Leaders Index (Sustainalytics), as well as an AAA rating by MSCI, and a Prime status by ISS ESG.
You can find more information on the OMV Sustainability Strategy 2025 at: www.omv.com/sustainability
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of around 20,000 employees in 2019, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. Daily average production was 487,000 boe/d in 2019. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and Trading JV, with a total annual processing capacity of 24.9 mn tons. Furthermore, OMV has a 36% participation in Borealis, one of the world’s leading producers of polyolefins. The Company operates about 2,100 filling stations in ten European countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2019, gas sales volumes amounted to around 137 TWh. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.