MASHINIi

OMV AG.

OMV.XETRA | Extraction of crude petroleum

OMV AG is an integrated oil and gas company headquartered in Austria. It explores for, develops, and produces crude oil and natural gas. OMV also operates refineries and petrochemical plants, producing a range of petroleum products and petrochemicals. Furthermore, the company is involved in the mark...Show More

Ethical Profile

Mixed.

OMV AG, an oil and gas company, faces scrutiny over its ethical practices. Critics point to its core business inherently conflicting with 'Better Health for All' and 'Planet-Friendly Business' due to emissions, despite a net-zero 2050 target and reducing Scope 1 & 2 emissions by 23% since 2019. The company recorded one work-related fatality in 2023. OMV has been linked to alleged human trafficking by a contractor in Belgium and a criminal complaint for alleged abetting of war crimes in South Sudan. It also faced a EUR 19.571 million fine in Poland (later annulled) and ongoing investigations into price-fixing. A significant data breach at Louisiana OMV exposed millions of records. OMV invests EUR 36.1 million in communities and aims for 40-50% sustainable project investments.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing40
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities70
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

-60

OMV's core business in crude oil, natural gas, and petrochemicals means that 100% of its 2024 revenue (€30,578 million) is derived from products with well-established negative health outcomes.

1
While the company mentions efforts to reduce fossil fuel production and increase sustainable products, these are currently token alternatives in terms of revenue share, leading to a score of -90 for harmful revenue share. Similarly, the net health effect of its principal goods and services is significantly negative, with over 90% of its core products having negative health consequences, also resulting in a -90 score. The company's operations also generate significant health-harming externalities. In 2024, OMV reported 2,305 total spills with a volume of 127,015 liters, and its subsidiary Borealis generated over 4 million tonnes of microplastics, with 0.018 tonnes emitted as unrecovered pellet spills.
2
While OMV has made partial remediation efforts, including a 25% reduction in Scope 1 and 2 emissions and a 10% reduction in Scope 3 emissions compared to 2019, these ongoing incidents indicate significant health-harming externalities with partial remediation, leading to a score of -80.
3

Fair Money & Economic Opportunity

0

OMV AG is an integrated oil and gas company.

1
The provided articles do not contain any evidence that the company offers consumer lending, deposit services, or other financial products or services typically associated with the 'Fair Money & Economic Opportunity' value. While OMV engages in general social investments and community development projects, these are not identified as 'community finance' or 'profit-sharing with underserved communities' in a financial context. Therefore, all KPIs related to financial services are not applicable to OMV's core business operations.

Fair Pay & Worker Respect

0

No evidence available to assess OMV AG on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

40

OMV directed 71.10% of its procurement spend to local suppliers in 2024.

1
All suppliers are required to sign the OMV Code of Conduct and accept the OMV General Conditions of Purchase, which include ethical sourcing clauses.
2
The company reported zero forced or child labor incidents in 2024
3
and conducts proactive human rights risk assessments, including screening new suppliers for social criteria.
4

Honest & Fair Business

0

OMV demonstrates a strong commitment to anti-corruption, evidenced by a zero-tolerance policy, a comprehensive Code of Business Ethics and Conduct (revised 2024), and compliance with international anti-corruption legislation including the UK Bribery Act and OECD Anti-Bribery Convention.

1
The company reported zero incidents of corruption and zero public legal cases involving corruption in 2023.
2
In the same year, 9,285 employees received business ethics training.
3
Its Compliance Management System was externally audited by Ernst & Young in 2023, confirming a "well-established and mature compliance program,"
4
and its subsidiary Borealis holds ISO 37001 anti-bribery certification.
5
OMV operates a secure, web-based Integrity Platform for confidential and anonymous whistleblowing, supported by an independent provider and offering protection against retaliation.
6
In 2023, 26 whistleblowing cases were reported.
7
The company received an S&P Corporate Sustainability Assessment score of 65/100 in December 2024.
8
OMV had no ethics-related regulatory fines in the past three years.
9
However, it did restate its 2024 financial figures due to the reclassification of the Borealis Group to "held for sale" and "discontinued operations."
10

Kind to Animals

0

No specific, concrete data points were found in the provided articles for any of the 'Kind to Animals' KPIs. The articles primarily focus on OMV's general sustainability initiatives, climate action, and biodiversity assessment processes, but do not provide measurable outcomes related to animal welfare, cruelty-free certifications, alternative testing, ethical sourcing, or animal testing policies. For instance, while tree planting and wetland regeneration projects are mentioned, the articles explicitly state that specific details on measurable biodiversity impact, species recovery, or habitat restoration metrics are not provided

1
, which are required by the rubric for the 'wildlife_conservation_impact' KPI.

No War, No Weapons

-20

A criminal complaint was lodged against former OMV AG executives for alleged abetting of war crimes in South Sudan related to oil exploration between 1999 and 2003.

1
OMV commits to not wearing, transporting, or storing lethal weapons on its property and expects business partners to comply.
2
OMV is a signatory to the UN Global Compact
3
and committed to upholding the values of the UN Guiding Principles on Business and Human Rights, which are referenced in its Code of Conduct.
4
The company conducts automated daily screening of master data systems against EU, UN, and US sanctions lists
5
and screens business partners to ensure sanctioned parties are not accepted, requiring contractual partners to comply.
6
OMV also states it does not use any material derived from conflict minerals, as defined by EU and US regulations, for manufacturing its products.
7

Planet-Friendly Business

-60

OMV achieved a waste recovery/recycling rate of 74% in 2024.

1
The company used 191,938 tons of secondary reused/recycled materials, which represents 0.77% of its total materials used.
2
OMV has carbon reduction targets for Scope 1, 2, and 3, but there is no specific mention of SBTi validation for these targets.
3
Furthermore, OMV's methodology for GHG emission reduction targets explicitly excludes GHG removals, avoided emissions, and carbon credits.
4
The company outlines its governance, strategy, and risk management processes related to climate change and holds a TPI (Transition Pathway Initiative) Level 5 rating for Transition Planning and Implementation, indicating advanced TCFD disclosures and integration of climate risk.
5

Respect for Cultures & Communities

70

OMV directed 71.2% of its group-level procurement spend to local suppliers in 2023.

1
The company has Community Grievance Mechanism (CGM) procedures in place at all operating sites, including all operated E&P assets, refineries, and SapuraOMV, with Borealis also having a hotline system.
2

Safe & Smart Tech

10

OMV AG reported 0 noteworthy cybersecurity incidents in 2023.

1
The company holds ISO/IEC 27001:2022 certification, granted in June 2024, and highlights compliance with PCI DSS.
2
Its Data Protection Directive aligns with GDPR and other relevant privacy regulations, outlining user rights for data access and deletion.
3
OMV AG has a mature information security management system to mitigate data leakage
4
and conducts vulnerability scans, simulations, penetration tests on critical applications/systems, and external audits.
5
The company also implemented approximately 65 different types of cybersecurity awareness measures in 2023
6
and over 55 in 2024, including training and phishing campaigns.
7

Zero Waste & Sustainable Products

-10

OMV reported a waste recovery/recycling rate of 74% in both 2023 and 2024.

1
The company has not had any mentioned waste disposal violations or compliance issues.
2
OMV has implemented several waste reduction initiatives, including operating a ReOil pilot plant that has processed over 2.1 million kilograms of plastic waste since 2018, and a new ReOil plant with a capacity of 16,000 metric tons per year.
3
Additionally, OMV has a joint venture with Interzero to build a sorting facility with a capacity of up to 260,000 metric tons of mixed plastics annually.
4
OMV has set a 2030 target to achieve 950 kilotonnes of recycled volume within its sustainable product sales.
5
The company collaborates with Borealis on circular design principles, including design for eco-efficiency, reuse, and recycling.
6
One Borealis mono-material pouch contains over 95% polypropylene and is fully designed for mechanical recycling.
7

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.