Omv

OMV, an Austrian-based Crude Petroleum Extraction company, reported total Scope 1 emissions of approximately 9.78 billion kg CO2e in 2024, with Scope 2 emissions (market-based) at around 991.28 million kg CO2e, and Scope 3 emissions at approximately 145.91 billion kg CO2e. This follows 2023 figures of roughly 9.31 billion kg CO2e for Scope 1, 990.08 million kg CO2e for Scope 2 (market-based), and 120.51 billion kg CO2e for Scope 3.

OMV has set ambitious climate commitments, aiming for net-zero emissions across all scopes (Scope 1, 2, and 3) by 2050. Intermediate targets include an absolute reduction of Scope 1 and 2 emissions by at least 30% by 2030 and 60% by 2040, against a 2019 baseline. Furthermore, OMV targets a reduction in absolute Scope 3 emissions by at least 20% by 2030 and 50% by 2040, also against a 2019 baseline. The company also intends to reduce the carbon intensity of its operations (Scope 1) by at least 30% by 2025 compared to 2010 levels and the carbon intensity of its energy supply by at least 20% by 2030 against a 2019 baseline. OMV is also committed to achieving zero routine flaring and venting of associated gas by 2030.