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 2024, OMV reported total carbon emissions of approximately 156,676,573,000 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 95,362,239,000 kg CO2e. The previous year, 2023, saw total emissions of around 130,809,954,000 kg CO2e, indicating a significant increase in emissions year-on-year. OMV has set ambitious climate commitments, aiming for carbon neutrality in its operations by 2050. The company has established several 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, OMV aims to reduce its Scope 3 emissions by at least 50% by 2040 and to decrease the carbon intensity of its energy supply by 20% by 2030. The company is also focusing on carbon capture and storage (CCS) technologies, with a goal to establish CCS capacities of around 5 million tonnes per year by 2030. OMV's long-term strategy includes transforming into a leader in sustainable fuels and materials, aligning with its net-zero ambition across all scopes by 2050.
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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.
