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Published July 3, 2018

OMV Petrom has launched its 2017 Sustainability Report

  • The report offers details on the targets and achievements set within the company’s sustainability strategy, in line with the Global Reporting Initiative (GRI) standards, the most acknowledged international reporting standard for sustainability.
  • HSSE (health, safety, security and environment), carbon efficiency, business principles and social responsibility, innovation and employees are just some of the presented topics. 
  • In 2017, the total environment costs amounted to approximately 180 million euro, including investments.

OMV Petrom’s Sustainability Report for 2017 - "HERE AND NOW. The energy for a better life" - is now available online. The report details the company’s objectives and last year’s results, including its sustainability strategy, based on the following focus areas: HSSE (health, safety, security and environment), carbon efficiency, business principles & social responsibility, innovation and employees are just some of the presented topics.

"Globally the demand for energy continues to the rise with increasing need for cleaner energy and greater energy efficiency. Under these circumstances, energy companies need to be more agile and efficient in order to succeed. For OMV Petrom, sustainability is the way we want to reach this objective. In the following years, we aim to take to the next level the commitment that OMV Petrom has made – to act here and now with projects implemented in a safe manner, responsible and professional employees, care for the environment, innovation and technologies and social responsibility activities.", said Christina Verchere, OMV Petrom CEO.

The information provided in the report includes the investments made, but also the results obtained:

  • In 2017, total environment costs were of approximately 180 million euro, out of which 29 million euro were investments;
  • OMV Petrom recycled 48% of the total waste generated in 2017. Three projects for the demolition of old fuel terminals (Roman, IaČ™i, Deva) have reached a 99% waste recycling rate;
  • The company continued to implement projects that have further lead to the decrease of GHG (greenhouse gas) intensity by 6.3% vs. 2016; 
  • Last year, OMV Petrom spent 2.8 million euro for social responsibility projects, with education being the focus area; 
  • Within the "Vocational Romania" program, 300 pupils and 50 teachers had the opportunity to further develop their knowledge and fall in love with their craft (in Vocational Summer Camp). Within "Oilmen’s School" program, OMV Petrom has offered scholarships totaling 275,000 euro for more than 160 pupils.

"OMV Petrom has a long tradition of responsibility and care for business done in a sustainable way. In 2017 we have implemented strategic projects through which we have rethought the way we act. We have continued to be involved and to bring value to the communities we are present in. Many of our colleagues and partners have taken things further and have started to develop themselves sustainability projects, which shows our commitment is one for the long term." - Mona Nicolici, OMV Petrom Sustainability Manager.

The 2017 OMV Petrom Sustainability Report is available here.

About OMV Petrom – Resourcefulness 

Starting 2012, OMV Petrom has adopted the OMV Group’s concept for a sustainable business – Resourcefulness. OMV Petrom aims to develop relationship based on mutual benefits between society, environment and the company by using innovative solutions. The company is focused on water and carbon dioxide emission management, innovation and new energies and education for the development of people. OMV Petrom is a signatory of the UN Global Compact. The ethics standards and the code of conduct regulate all business relationships, while the dialogue and involvement between/of all stakeholders are part of the common business practice. “Andrei’s Country” is the main platform for community involvement. Since 2007, OMV Petrom has allocated approximately 52 million euro for the development of communities in Romania.

About OMV Petrom

OMV Petrom is the largest integrated oil and gas group in Southeastern Europe with an annual hydrocarbon production of about 61 million boe in 2017. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant. The group is present on the oil products retail market in Romania and neighboring countries through 787 filling stations, as of end of March 2018, under two brands – Petrom and OMV. 

OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.01% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.64% of OMV Petrom  shares, Fondul Proprietatea holds 9.9985%, and 18.35% is the free float on the Bucharest Stock Exchange and the London Stock Exchange.

OMV Petrom is the largest contributor to the state budget, with contributions of about 25.5 billion euro in taxes and dividends paid between 2005 and 2017.