Omv Petrom Sustainability Profile
Omv Petrom S.A., a leading energy company in Romania, is headquartered in Bucharest and operates extensively across the country and in neighbouring regions. Founded in 1997, it has established itself as a key player in the oil and gas industry, focusing on exploration, production, refining, and distribution of petroleum products. With a commitment to sustainability, Omv Petrom offers a diverse range of services, including natural gas supply and renewable energy solutions, setting it apart in a competitive market. The company has achieved significant milestones, such as becoming the largest oil and gas producer in Romania, and is recognised for its innovative approaches to energy efficiency and environmental stewardship. As a prominent entity in the energy sector, Omv Petrom continues to drive advancements in energy production and distribution, reinforcing its market position.
DitchCarbon Score
How does Omv Petrom'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 Petroleum Coke 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 Petrom's score of 30 is higher than 67% 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 Petrom's reported carbon emissions
In 2023, OMV Petrom reported total carbon emissions of approximately 95,600,000,000 kg CO2e, with emissions distributed across all three scopes: 3,400,000,000 kg CO2e (Scope 1), 60,000,000 kg CO2e (Scope 2), and 95,600,000,000 kg CO2e (Scope 3). This represents a significant portion of their overall emissions profile, with Scope 3 emissions being the largest contributor. Comparatively, in 2022, the company recorded total emissions of about 23,030,000,000 kg CO2e (Scope 3), 3,930,000,000 kg CO2e (Scope 1), and 88,000,000 kg CO2e (Scope 2). The data indicates a slight reduction in Scope 1 emissions from 2022 to 2023, while Scope 3 emissions remained substantially high. OMV Petrom's emissions data is cascaded from its parent company, OMV Aktiengesellschaft, reflecting a corporate family relationship. However, the company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, OMV Petrom's emissions profile highlights the challenges faced by the oil and gas sector in managing carbon outputs, particularly in Scope 3 emissions, which often encompass the majority of a company's carbon footprint.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,400,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 29,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000,000 | 000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Omv Petrom's Industry?
How Carbon Intensive is Omv Petrom's Location?
Omv Petrom's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Omv Petrom has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
