- Launched in 2020, "Romania plants for tomorrow" is the largest private afforestation initiative in Romania
- OMV Petrom has supported afforestation activities with 5 million euros
OMV Petrom, the largest integrated energy company in Southeastern Europe, has started a new phase of the "Romania plants for tomorrow" campaign. This autumn's planting activities started with an event organized in Brazi, Prahova County. The 2 millionth seedling was planted during the event. Representatives of partner NGOs and volunteers took part in the planting activities in Brazi.
Christina Verchere, CEO OMV Petrom: "<<Romania plants for tomorrow>> brings together communities and volunteers throughout the entire country around a noble goal: to build, together, a cleaner environment. Climate change is more and more present, and we, as a company, have a strong commitment to help mitigate it. It includes investments to reduce the carbon footprint and to generate cleaner energy, as well as to support environmental projects."
The "Romania plants for tomorrow" campaign started in March 2020 and was supported by OMV Petrom with 5 million euros. During this time, over 9,000 volunteers contributed to the planting activities that took place in 70 localities, in over half of Romania's counties.
The actions were organized with the support of six NGOs recognized for their contributions to the protection of the environment in Romania - Act for Tomorrow, Mai Mult Verde, Plantăm fapte bune în Romania, Pădurea Copiilor, Viitor Plus and Asociatia Parcul Natural Văcărești.
As part of "Romania plants for tomorrow", three other pilot projects were developed in Romania: the planting of miniature urban forests, the first study that measures the storage of carbon emissions in forests, in collaboration with Forest Design, and an educational component aimed at bringing students closer to nature.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 47 million boe in 2021. 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 approximately 790 filling stations under two brands – OMV and Petrom.
OMV Petrom shares are traded on the Bucharest Stock Exchange and the London Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 21% of OMV Petrom shares, and 28% is owned by natural and legal persons.
OMV Petrom is the largest contributor to the state budget, with approximately 35 billion euro in taxes and dividends paid between 2005 and 2021. During the same period, the company invested approximately 17 billion euro.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2021, the company has allocated over 80 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.