REG - OMV Petrom S.A. - Sustainability Report for 2022

OMV Petrom SAAnnouncement

27/04/2023 10:15

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RNS Number : 7013X  OMV Petrom S.A.  27 April 2023

 

 

OMV Petrom S.A.

Investor News

April 27, 2023

 

 

OMV Petrom launches the Sustainability Report for 2022

 

►  Group carbon intensity reduced by 11% vs. 2019

►  Approximately EUR 40 million spent for social projects

►  ESG rating agencies: OMV Petrom is included among the 2023 Top-Rated ESG
Companies by Sustainalytics

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has
published its Sustainability Report for 2022. It provides an overview of the
economic, environmental, and social impact of OMV Petrom`s operations, as well
as the commitments and progress towards sustainable development.

Christina Verchere, CEO OMV Petrom: "The carbon intensity of our operations
decreased last year by around 11% vs. the 2019 level. Our overarching ambition
is to achieve a 30% reduction by 2030 compared to 2019. In addition, we
reduced our methane emissions intensity by 70% vs. the 2019 level, progressing
towards our target of less than 0.2% by 2030. OMV Petrom contributes
significantly to the economic and social fabric of society. We invested
approximately EUR 40 million in projects for long-term development of the
communities in which we operate, for one million direct beneficiaries."

Our Sustainability framework is built around three pillars: Environment,
Social, and Governance with a clear commitment to run responsible operations,
foster people and communities and leverage innovation and digitalization.

Transition to a low carbon business

In 2022, the company initiated and progressed projects that support its
Strategy 2030 of supplying cleaner energy, in a sustainable manner.

The company entered a partnership with Complexul Energetic Oltenia for the
construction of four photovoltaic (PV) parks with a total capacity of ~450 MW,
with investments of over EUR 400 million. By putting the four parks into
operation, Romania's installed solar power capacity will increase by ~30%.

Petrobrazi became the first refinery certified in Romania to produce
Sustainable Aviation Fuel (SAF). The SAF volumes produced at the Petrobrazi
Refinery can help reduce the CO2 emissions from commercial flights by about
70%, compared to conventional fuel.

In the area of sustainable mobility, more than 100 charging points for
electrical vehicles were installed by the end of 2022, to contribute to road
transport decarbonization.

To decarbonize the internal power consumption, the company progressed with the
installation of PV panels in the filling stations, reaching 150 filling
stations at the end of the year. OMV Petrom is planning to have photovoltaic
panels installed in ~ 50% of our filling station network by 2025. The amount
of electricity produced by the PV panels covers up to 25% of the consumption
of a filling station.

People and communities

OMV Petrom strives to ensure a healthy, safe and development-oriented
environment for employees and communities, while generating a positive
economic impact in Romania.

Skills development and training are key for supporting people in reaching
their potential: in 2022, OMV Petrom employees benefited from more than
200,000 hours of training. New programs were launched or continued to be
implemented aiming to foster a diverse, inclusive and non-discriminatory
culture.

Over 1,800 OMV Petrom volunteers attended social involvement activities
sponsored by the company. Moreover, the OMV Petrom Foundation was launched, to
strengthen the company's contribution to social projects.

 

Sustainalytics, an independent ESG rating agency, included OMV Petrom in the
top 5% of the Oil & Gas Producers Industry, while EcoVadis, another
sustainability ratings agency, awarded OMV Petrom the Silver Supplier status.

The report and information about OMV Petrom's sustainability initiatives are
available
at https://www.omvpetrom.com/en/sustainability/sustainability-reporting
(https://www.omvpetrom.com/en/sustainability/sustainability-reporting) .

 

 

About OMV Petrom

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 43 million boe in
2022. 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
approximately 780 filling stations under two brands - OMV and Petrom.

OMV Petrom is a company in which Romanian shareholders hold over 42% of the
shares (of which the Romanian state, through the Ministry of Energy, holds
20.7%, and 21.7% are owned by pension funds in Romania, to which are added
almost 500,000 individual investors and other Romanian entities). OMV
Aktiengesellschaft, one of the largest listed industrial companies in Austria,
holds a 51.2% stake in OMV Petrom, and the remaining 6.4% are held by other
foreign investors. Of the total shares of OMV Petrom, 28.1% represents the
free float on the Bucharest Stock Exchange and the London Stock.

OMV Petrom is the largest contributor to the state budget, with approximately
39 billion euro in taxes and dividends paid between 2005 and 2022. During the
same period, the company invested approximately 17 billion euro. In 2022, the
taxes paid by OMV Petrom ensured 7% of Romania's tax revenues.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2022, the company has allocated around
120 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. OMV Petrom annually
reports on the progress made in implementing these recommendations.

 

 

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)

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