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 82 is higher than 99% 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 2023, OMV reported total carbon emissions of approximately 130,809,954,000 kg CO2e, comprising 9,307,079,000 kg CO2e from Scope 1, 1,100,000,000 kg CO2e from Scope 2, and 103,850,767,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. OMV has established several near-term reduction targets, including a 30% reduction in absolute Scope 1 and 2 emissions by 2030 compared to 2019 levels, and a 60% reduction by 2040. Additionally, they aim to reduce the carbon intensity of their operations (Scope 1) by at least 30% by 2025, relative to 2010 levels. For Scope 3 emissions, OMV targets a 50% reduction by 2040 compared to 2019. These commitments reflect OMV's strategic focus on sustainability and carbon neutrality, aligning with global climate goals and industry standards. The company is also investing in carbon capture and storage (CCS) technologies, with a goal to establish capacities of around 5 million tonnes per year by 2030 as a key measure to achieve their targets.
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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 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 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 | 000,000,000,000 | 000,000,000,000 | 00,000,000,000 |
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.
