OMV Aktiengesellschaft, commonly known as OMV, is a leading integrated oil and gas company headquartered in Austria (AT). Founded in 1956, OMV has established a strong presence in Central and Eastern Europe, with significant operations in Romania, Germany, and Hungary. The company operates across various sectors, including exploration and production, refining, and marketing of petroleum products.
OMV is renowned for its commitment to sustainability and innovation, offering a diverse range of products such as fuels, lubricants, and petrochemicals. Its strategic focus on renewable energy and efficient resource management sets it apart in the competitive energy market. With a robust market position, OMV has achieved notable milestones, including significant investments in renewable energy projects, reinforcing its role as a key player in the transition to a sustainable energy future.
+48 vs industry average
Omv’s score of 63 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity Distribution is among the most carbon-intensive industries
Industry performance
The Electricity Distribution industry has reduced its overall emissions by 31% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Omv's reported carbon emissions
In 2024, OMV reported total carbon emissions of approximately 156.7 billion kg CO2e, comprising 9.8 billion kg CO2e from Scope 1, 1 billion kg CO2e from Scope 2, and about 95.4 billion kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for carbon neutrality in its operations by 2050, with interim targets to reduce Scope 1 and 2 emissions by at least 30% by 2030 and 60% by 2040, compared to 2019 levels. Additionally, OMV plans to cut absolute Scope 3 emissions by 20% by 2030 and 50% by 2040. OMV's strategy includes reducing the carbon intensity of its operations by at least 30% by 2025 (compared to 2010 levels) and establishing carbon capture and storage (CCS) capacities of around 5 million tonnes per year by 2030. The company is committed to transforming into a net-zero emissions business by 2050, encompassing all scopes of emissions. These initiatives reflect OMV's proactive approach to addressing climate change and its alignment with global sustainability goals.
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Omv’s Climate Goals (2030 & 2050)
21 goals2030
30% reduction in all scopes
Reduce Scope 1 and 2 emissions by ≥30% vs. 2019
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 21 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Omv
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