Omv

OMV, headquartered in Austria, is committed to achieving net-zero greenhouse gas (GHG) emissions across its Scope 1, 2, and 3 by 2050 or sooner.

For 2024, OMV reported total Scope 1 emissions of 9,778,526,000 kg CO2e, Scope 2 emissions of 991,275,000 kg CO2e (market-based), and Scope 3 emissions of 95,400,000,000 kg CO2e. In 2023, the company's Scope 1 emissions were 9,307,079,000 kg CO2e, Scope 2 emissions were 990,084,000 kg CO2e (market-based), and Scope 3 emissions totalled 120,512,791,000 kg CO2e. For 2022, OMV's Scope 1 emissions were 11,700,000,000 kg CO2e, Scope 2 emissions were 900,000,000 kg CO2e, and Scope 3 emissions reached 133,600,000,000 kg CO2e.

OMV has set several significant reduction targets:

• Near-term targets (by 2030):
  • Reduce absolute Scope 1 and 2 emissions by at least 30% compared to 2019 levels.
  • Reduce absolute Scope 3 emissions by at least 20% compared to 2019 levels, with a further ambition to reduce by 50% by 2040.
  • Reduce the carbon intensity of operations (Scope 1) by at least 30% compared to 2010 levels.
  • Reduce the carbon intensity of energy supply (Scope 2) by at least 20% compared to 2019 levels.
• Long-term targets (by 2040):
  • Reduce absolute Scope 1 and 2 emissions by at least 60% compared to 2019 levels.
• Net-zero by 2050: OMV aims for net-zero GHG emissions across Scope 1, 2, and 3 by 2050 or sooner. The company also aims to establish Carbon Capture and Storage (CCS) capacities of approximately 5 million tonnes CO2e per year by 2030 as a key neutralisation measure.

OMV also committed to becoming carbon-neutral in its operations (Scope 1 and 2) by 2050, first announced in 2020. The company endorsed the World Bank initiative 'Zero routine flaring by 2030'.