OMV recognized as CDP Supplier Engagement Leader
- First-time recognition as a CDP Supplier Engagement Leader
- OMV among the top 8% of companies included in CDP’s Supplier Engagement Leaderboard
OMV has earned a place on CDP’s prestigious Supplier Engagement Leaderboard for its efforts to measure and reduce climate risk within its supply chain through active engagement and collaboration with its suppliers. CDP is a non-profit organization that runs the leading global disclosure system for the management of environmental impacts.
CDP’s annual Supplier Engagement Rating (SER) assesses how companies are engaging with their suppliers on their carbon footprint and climate targets, thus enabling them to enhance accuracy and transparency on Scope 3 greenhouse gas emissions related to purchased goods and services. In 2022, 12 mn t of OMV’s Scope 3 emissions were linked to emissions from its suppliers versus 13.5 mn t in 2021. OMV aims to reduce its total Scope 3 emissions by ≥50% versus 2019, by 2040.
Through its annual Climate Change questionnaire, CDP assesses performance using each company’s response to selected questions on governance, targets, scope 3 emissions, and value chain engagement. OMV was placed on the leaderboard as a result of working directly with suppliers to reduce emissions and lower environmental risks in the supply chain. Of all the companies that disclosed through CDP’s full climate questionnaire, only the top 8% globally earned a place on the 2022 SER Leaderboard.
OMV Senior Vice President Klaus Blachnik, Chief Procurement Officer, “OMV aims to become a net-zero-business by 2050 and our role in Procurement is to actively contribute to this journey through continuous collaboration and engagement with our suppliers on climate change topics that impact our supply chain. By 2025, our aim is to engage with all our key suppliers so that we can get a better understanding of their carbon footprint and climate change ambitions and provide them with the opportunity to share ideas on the changes that can be made in our procurement process to achieve carbon neutral supply chains. Only by working together can we build carbon neutral businesses by 2050 and create a sustainable future.”
About CDP Supplier Engagement Leaderboard
CDP’s Supplier Engagement Leaderboard has been launched alongside its latest supply chain report: “Tracking Nature Across the Supply Chain”, which highlights that companies need to urgently cascade measurement and action down the entire supply chain to speed up the transition towards a net-zero sustainable economy. The full CDP Supplier Engagement Leaderboard for 2022 can be found at: Scoping out: Tracking nature across the supply chain - CDP.
With Group sales revenues of EUR 62 bn and a workforce of around 22,300 employees in 2022, 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 2022 amounted to 392 kboe/d. Its activities also include the Low Carbon Business as well as the entire gas business.
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.