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OMV

OMV is one of Austria's largest listed industrial companies and is owned by the governments of Austria and the United Arab Emirates (UAE). OMV's core business model is centred on exploring and refining crude oil and natural gas, and its total carbon footprint accounts for 0.4% of global emissions. In 2022, its revenue was EUR 64.8 billion and it employed 22,300 people.

Summary

OMV ranks 11th overall and 7th in the Extractives sector. It has improved its sector rank by 15 places since 2019. The company performs relatively well on remedies and grievance mechanisms, and has an opportunity to improve on governance and policy commitments.

OMV is one of six companies who disclose how they monitor the implementation of agreed remedy for adverse human rights impacts which they have caused or contributed to, and describe changes to their human rights management systems to prevent similar impacts in the future. The company also describes how it considers human rights performance in the selection and continuation of business relationships, and how it works with business partners to meet their human rights obligations.

OMV has an opportunity to improve its disclosure on stakeholder engagement, including how stakeholder views influence the company’s approach to human rights management, as well as how stakeholders are involved in all steps of the due diligence and grievances processes.

Ranking position: #11 /110
Total score: 41.1 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 3.6 /10	#26
Embedding respect and human rights due diligence	#1 11.3 /25	#21
Remedies and grievance mechanisms	#1 9.0 /20	#10
Performance: Practices	#1 9.0 /25	#17
Performance: Responses	#1 8.2 /20	#4

Sector
Extractives	#7

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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