Omv
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.
DitchCarbon Score
How does Omv's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Omv's score of 64 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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Omv's reported carbon emissions
In 2024, OMV reported total carbon emissions of approximately 10,769,800,000 kg CO2e, with Scope 1 emissions at about 9,778,526,000 kg CO2e, Scope 2 emissions at approximately 991,275,000 kg CO2e, and Scope 3 emissions reaching about 241,269,012,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in absolute Scope 1 and 2 emissions by 2030 compared to 2019 levels, and a 60% reduction by 2040. Additionally, OMV is committed to achieving net-zero emissions across all scopes by 2050. OMV's climate strategy includes specific near-term goals, such as reducing the carbon intensity of operations (Scope 1) by at least 30% by 2025 compared to 2010 levels and decreasing the carbon intensity of energy supply by 20% by 2030. The company also aims to establish carbon capture and storage (CCS) capacities of around 5 million tonnes per year by 2030 as a key measure to meet its targets. In Austria, OMV's Scope 1 emissions for 2024 were reported at approximately 3,102,805,000 kg CO2e. The company’s commitment to sustainability is further reflected in its endorsement of initiatives like the World Bank's "Zero Routine Flaring by 2030." Overall, OMV is actively working towards significant emissions reductions and transitioning to a more sustainable business model, aligning with global climate goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,100,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 300,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 112,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | - | - | - | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Omv is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
