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OMV

OMV is a publicly listed fully integrated oil and gas company headquartered in Austria, with 31.5% of its shares owned by government of Austria. In 2020, it had USD 20.76 billion in revenue and a reported 26,000 employees*. OMV is increasing its focus on gas and chemicals compared to oil. However, its plans to develop low-carbon businesses lack sufficient detail and ambition.

Ranking position
#15/100
Total score
20.7/100
Performance score
3.7/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

18.4 /100 #17

Material Investment

8.3 /100 #43

Intangible Investment

5.9 /100 #13

Sold products

6.5 /100 #23

Management

50.3 /100 #18

Supplier Engagement

12.5 /100 #33

Client Engagement

38.8 /100 #10

Policy Engagement

33.0 /100 #24

Business Model

13.8 /100 #24

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

OMV receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Based on the trend between 2014 and 2019, the company’s scope 1 and 2 emissions intensity is expected to increase, while its scope 1, 2 and 3 emissions intensity is expected to remain stable. The company is also expected to exceed its 1.5°C carbon budget for its upstream scope 3 emissions by 13% between 2019 and 2050.
The company has no current target for scope 3 emissions reduction that could drive a significant change in its business model. Moreover, its low-carbon transition plan as well as its CapEx towards low-carbon technologies are both vastly inadequate to be aligned with a 1.5°C pathway.

Progress towards the Paris Agreement

More about the company

Headquarters
Vienna, Austria
Group revenue
EUR 17,000,000,000 (USD 20.76 billion)
Ownership structure
Publicly listed with 31.5% owned by government of Austria
Number of employees
26,000
Scope of activity
Fully integrated
Website
https://www.omv.com/