OMV again awarded leadership score in CDP Climate Change
- CDP ranks OMV “Leadership A–” in the climate change category
- OMV among top 20 oil and gas companies worldwide
- OMV one of the seven best companies in Austria across all sectors
CDP has published the results of its latest analysis of 13,126 companies worldwide in the climate change category. OMV was awarded the ranking of “Leadership A–” for the sixth 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 seven 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.
CEO and Chairman of the Executive Board of OMV Alfred Stern: “We are proud to achieve a CDP climate score of “Leadership A-” for the sixth time in a row. This result is a recognition of OMV’s efforts to integrate climate action into our business strategy, improve our carbon footprint and shape a sustainable path to the medium and long-term future.”
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 110 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 rating agencies in the fields of Environmental, Social and Governance (ESG):
- Inclusion in the Dow Jones Sustainability Index (DJSI World and DJSI Europe). OMV attained a score in the 94th percentile in S&P Global’s Corporate Sustainability Assessment (CSA), the basis of the DJSI, in 2021.
- Platinum medal in the annual EcoVadis sustainability rating – OMV among the top 1 percent of all 75,000 companies rated globally by EcoVadis
- In 2021, for the ninth year in a row, MSCI reaffirmed an AAA rating placing OMV among the best 10 % of oil and gas companies
- Awarded by ISS ESG with the Prime Status
- Classification as industry leader by Sustainalytics – 26.7 (medium risk) in the Sustainalytics ESG Risk Rating
- Sustainability indexes such as the FTSE4Good Index, the Euronext Vigeo Europe 120 Index and the Euronext Vigeo Eurozone 120 Index (based on its ratings by V.E, an affiliate of Moody’s)
- Various MSCI indexes such as the ACWI ESG Leaders and the STOXX® Global ESG Leaders index (based on OMV’s assessment by Sustainalytics)
OMV produces and markets oil and gas, as well as chemical products and solutions in a responsible way and develops innovative solutions for a circular economy. With Group sales revenues of EUR 17 bn and a workforce of around 25,000 employees in 2020 (incl. Borealis), OMV is one of Austria’s largest listed industrial companies. In Exploration & Production, 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 core regions. Daily average production was 463,000 boe/d in 2020 with an emphasis on natural gas. In Refining & Marketing, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading, with a total processing capacity of more than 500,000 bbl/d. Furthermore, OMV operates about 2,100 filling stations in ten European countries and runs gas storage facilities in Austria and Germany. In 2020, total natural gas sales volumes amounted to around 164 TWh. In Chemicals & Materials, OMV, together with 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 the mechanical recycling of plastics. The company supplies services and products to customers around the globe through Borealis and its two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE) and Baystar™ (with Total, based in the US). 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 as well as for the implementation of new energy and petrochemical solutions.