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Sustainability Newsletter July 2020
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Dear Sir or Madam!
Recent weeks presented our societies with challenges that are unprecedented throughout many of our lifetimes. In this situation OMV remains committed to the long term sustainability goals and our societal responsibility. In March we already announced one of our key strategic steps in preparing OMV for a low carbon future - our planned acquisition of a controlling stake in Borealis by end of 2020. As an industry leader in petrochemicals and circular economy solutions, Borealis is a strategic addition to OMV Group.
Furthermore, our societal responsibility has and will continue to extend beyond our own business operations. In the past year alone, more than 60% of our social investments across OMV Group were dedicated to support health care access and well-being in our communities. This year, we extended our support to strengthen health service capacities in Austria, Romania and Libya during the COVID-19 pandemic. This newsletter edition will guide you through our recent activities and milestones.
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OMV signed an agreement to increase its stake to 75% in Borealis, one of Europe’s leading petrochemical companies by the end of 2020. The acquisition will transform OMV into a global oil, gas and chemicals group. This integrated business model will extend from the wellhead to high-quality plastic and reposition OMV Group in a low carbon future.
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OMV published its 15th Sustainability Report - for the first time in a digital format. Check it out to learn more about OMV’s sustainability performance in carbon management, health and safety, innovation, and social responsibility among other key sustainability issues.
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OMV was awarded the ranking of “Leadership A–” for the fourth time in a row by CDP in the climate change category. This puts OMV’s management of climate change topics among the top 14 oil & gas companies globally and one of top 5 highest ranked companies among all sectors in Austria.
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Borealis took a further step towards circular economy by starting to produce polypropylene (PP) based on renewable feedstock in its production facilities in Belgium. The company aims to ensure that 100% of its consumer products are recyclable, reusable, or produced from renewable sources by 2025.
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Did you know?
OMV reduced the carbon intensity of operations by 22% in 2019 (baseline: 2010). With this, OMV reached its Sustainability Strategy carbon intensity target ahead of time.
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OMV's recent achievements in social and community investments:
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In order to provide support during the coronavirus crisis, OMV donated EUR 1 mn in the form of OMV fuel cards - EUR 500,000 each to the Austrian Red Cross and to Caritas Austria. These organizations are playing a central role in Austria’s crisis management. |
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OMV supports relief flights by the Austrian government with Jet A1 fuel worth up to EUR 500,000. These aid flights bring urgently needed medical materials such as protective suits, masks and disinfectants directly to Austria, bridging unusual supply routes. |
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OMV Petrom supports the capacities of the Romanian Red Cross with a donation of EUR 1 mn to fight the coronavirus pandemic. The funds were used to purchase equipment and testing kits for fast diagnosis of COVID-19 in 9 public hospitals. |
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OMV Libya donated coronavirus preparedness and prevention equipment and supplies to its local operating companies and partners for the communities around its business operational sites in Libya. Previously, OMV contributed essential medical equipment and supplies to the Benghazi Children’s Hospital, benefiting ~1 mn people. |
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Contacts
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Bernhard Heneis
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Head of Sustainability & Reporting
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Adele Tharani
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Senior Expert Sustainability & Reporting
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