OMV published its 2022 sustainability report detailing the firm’s progress towards net-zero.
Highlights of the report include:
- Absolute Scope 1 and 2 emissions decreased by 23% vs. 2019 and Scope 3 emissions decreased by 8% vs. 2019.
- Memorandums of Understanding (MoUs) for the intended offtake of Sustainable Aviation Fuels (SAFs) were signed with Lufthansa Group, Ryanair and Wizz Air.
- OMV and Wood signed a MoU to enter into a mutually exclusive collaboration agreement for the commercial licensing of OMV’s proprietary ReOil® technology.
- Successfully conducted a production and injection test in an existing well to assess the potential for geothermal energy in Austria.
- 117.8 kt of circular feedstocks were processed.
- EUR 49.5 mn used toward community and social investments.
- 100% of our new suppliers were screened for social and environmental criteria. The progress made in Sustainable Procurement was also recognized by CDP which recognized OMV as a CDP Supplier Engagement Leader in 2022.
The OMV Sustainability Report is prepared in accordance with the standards of the Global Reporting Initiative (GRI) and follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the disclosures recommended by the Sustainability Accounting Standards Board (SASB).
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