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25 urban forests will be planted this year with the support of OMV Petrom as part of the project "Romania plants for tomorrow"

  • The total budget for this year's planting is over EUR 3 million 
  • "Romania plants for tomorrow" is the largest privately funded planting initiative in Romania 

OMV Petrom, the largest integrated energy producer in Southeastern Europe, continues the "Romania plants for tomorrow" project. 25 urban forests in 14 cities are planned to be planted in 2024. At the same time, planting activities will continue in areas in need of intervention, both in urban and rural areas. In total, it is estimated that more than 560,000 saplings will be planted with the help of partner associations and volunteers. The budget for this year is 3.2 million euros. 

Christina Verchere, CEO OMV Petrom: "I would like to thank all those who have joined the project <<Romania plants for tomorrow>>, our partner associations and volunteers. Together, we are getting closer to our goal of planting 1 million trees in cities between 2023 and 2025, to create or extend much-needed green spaces in these communities. This project benefits from the experience gained over time by <<Romania plants for tomorrow>> and proves that when we work together for a common goal, we can achieve impressive results”. 

After the successful implementation of the urban forest concept in 2023, the project "Romania plants for tomorrow" will be extended to several localities in order to develop miniature urban forests. Such a miniature urban forest has the role of improving air quality, reducing noise, increasing biodiversity and reducing the greenhouse effect. This year, planting activities will take place in 14 cities, including Bucharest, Constanta, Ploiesti, Alexandria and Târgu Jiu. At the same time, planting will continue in the countryside, in areas that require intervention. The total number of saplings to be planted in urban and rural areas this year is estimated at over 560,000. 

The reforestation activities are being carried out with the support of six NGOs well known for their contribution to the protection of the environment in Romania: Act for Tomorrow, Mai Mult Verde, Plantăm fapte bune in Romania, Pădurea Copiilor, Viitor Plus and the Văcărești Natural Park Association. 

Launched in 2020, "Romania plants for tomorrow" is the largest privately funded tree planting initiative in Romania: almost EUR 12 million for the period 2020-2024. Since the beginning of the project, more than 2,800,000 saplings have been planted. More than 22,000 volunteers took part in 210 planting events across the country. 

About OMV Petrom   

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom.  

OMV Petrom is a company in which, as of end-2023, Romanian shareholders hold over 43% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 22.5% 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 5.6% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.  

OMV Petrom is one of the largest contributors to the state budget, with approximately 42 billion euro in taxes and dividends paid between 2005 and 2023. During the same period, the company invested approximately 18 billion euro.  

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2023, the company has allocated around 160 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.