REG - OMV Petrom S.A. - OMV Petrom launches Sustainability Report for 2021

OMV Petrom SAAnnouncement

30/06/2022 07:46

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RNS Number : 7852Q  OMV Petrom S.A.  30 June 2022

 

 

OMV Petrom S.A.

Investor News

June 30, 2022

 

OMV Petrom launches the Sustainability Report for 2021

 

►  2050 target: net-zero carbon operations

►  Almost 11 million euro was spent for social projects in 2021

►  OMV Petrom is ranked in the top 3% of the oil and gas producers in
Sustainalytics' ESG Risk Ratings

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has
published the Sustainability Report for 2021. The report presents the
non-financial performance of the company, in the strategic directions of
sustainability: transforming towards a low-carbon future; conducting
operations responsibly; caring for people and communities; harnessing
innovation and digitalization.

 

Christina Verchere, OMV Petrom CEO: "2021 was a year when the COVID-19
pandemic continued to disrupt lives, societies and industries. The concerns
related to the security of the energy supply have also become more real than
ever, highlighting once again the need for a strong and diversified sector.
For us, at OMV Petrom, last year was an important one, with the launch of our
Strategy for 2030. We are embarking on an ambitious path of transformation for
a lower carbon future, with sustainability fully integrated into our business
plans."

 

During the past year, in a ranking made by Sustainalytics, an independent ESG
research, rating and analysis agency, OMV Petrom was placed among the top 3%
producers of the oil and gas sector in the ESG Risk Ratings, thus confirming
the internal standards and non-financial performance of the company.

The sustainability report presents the progress of the company in accordance
with the guidelines issued by the Task Force on Climate-related Financial
Disclosures.

 

Transition to a lower carbon future

OMV Petrom recognizes climate change as one of the most important global
challenges. Sustainability is an integral part of OMV Petrom's Strategy 2030.
It aims to transform the company to contribute to the decarbonization goals,
while ensuring uninterrupted energy supply. For the implementation of the
strategy, the company will invest approximately 11 billion euro by 2030, out
of which 3.7 billion euro will be invested in low and zero carbon energy.

The 2030 strategy also paves the way for carbon neutrality from operations by
2050. The company aims to reduce the carbon emissions from its own operations
by 30% by 2030, compared to 2019.  Through sustained investments in recent
years, the carbon intensity of the company operations decreased by 11% in 2021
compared to 2019.

 

People and communities

Diversity, inclusion and access to development programs are essential to
support the company's ability to innovate. Women presence in the OMV Petrom
management positions reached approximately 31%, which shows the company's
commitment to diversity.

At the same time, OMV Petrom employees attended over 110,000 hours of training
to develop their skills and knowledge.

The company supported with 11 million euro social initiatives in all the
communities where it is active, intensifying its effort to improve access to
health, education and environmental protection. Regarding the local impact,
90% of the total OMV Petrom's expenditures involved national suppliers.

 

Innovation and digitalization

Digitalization plays a significant role in the entire value chain of OMV
Petrom for simplifying work processes, processing data and improving the
customer experience.

The company is constantly striving to reduce paper consumption and has
implemented a company-wide electronic archiving system integrated with the
electronic signature. In this way, OMV Petrom reduced by over 37% the number
of printed documents in 2021.

 

The report and information about OMV Petrom's sustainability initiatives are
available at  https://www.omvpetrom.com (https://www.omvpetrom.com)
  Sustainability > Reporting and Performance > Sustainability
Reporting > 2021

 

Updated information

We inform you that the values of the GHG Intensity indicator in the Upstream
segment for the period 2018-2020 were modified, according to the
Sustainability Report for 2021. The update also modifies the annual variations
of the indicator published in the corresponding Annual Reports and has no
financial impact.

 

In addition, regarding the proved oil and condensate reserves of OMV Petrom as
of December 31, 2021 in Romania, we specify that they totaled 258.8 million
barrels, as reported in the 2021 Annual Report on page 31 and included in the
total proved reserves of oil and gas shown in the 2021 Sustainability Report
on page 97. The equivalent in millions of tonnes of proved oil and condensate
reserves is 36.0 million tonnes, not 258.8 million tonnes, as it was published
in the 2021 Annual Report.

 

 

About OMV Petrom

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 47 million boe in
2021. The Group has a refining capacity of 4.5 million tons annually and
operates an 860 MW high-efficiency power plant. The Group is present on the
oil products retail market in Romania and neighboring countries through more
than 780 filling stations under two brands - OMV and Petrom.

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London
Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial
companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State,
through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is
owned by natural and legal persons.

OMV Petrom is the largest contributor to the state budget, with approximately
35 billion euro in taxes and dividends paid between 2005 and 2021. During the
same period, the company invested approximately 17 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2021, the company has allocated over
80 million euro to develop communities in Romania, focusing on environmental
protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations
issued by the Task Force on Climate-related Financial Disclosures (TCFD)
regarding risks and opportunities on climate change.

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com
(mailto:investor.relations.petrom@petrom.com)

 

 

 

https://www.omvpetrom.com/en/sustainability/sustainability-reporting (https://www.omvpetrom.com/en/sustainability/sustainability-reporting)

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