- „Romania plants for tomorrow" is the largest privately funded tree planting initiative in Romania
- The total budget for the 2023 planting campaigns is over EUR 3 million
OMV Petrom, the largest integrated energy company in South-Eastern Europe, continues its tree planting campaign as part of the "Romania plants for tomorrow" project. The fall planting campaign has a budget of EUR 1.5 mn, out of a total of EUR 3 mn for this year. This will enable the project to reach over 500,000 trees planted on ~100 hectares, in almost the entire country, in 2023.
Christina Verchere, CEO of OMV Petrom: " Started in 2020, our project “Romania plants for tomorrow” has delivered on our strategy to build a sustainable future for communities and society as a whole. We are proud to have been able to plant more than 2 million trees since the start of this program. This is a truly impressive number, which we were able to achieve only with the efforts of our dedicated volunteers and the support of the authorities and our NGO partners, whom I thank warmly.”
"Romania plants for tomorrow" is the largest privately funded planting initiative in Romania with a total budget of EUR almost 9 million for the entire duration of the 4-year project. Between 2020 and Spring 2023, 20,000 volunteers planted over 500 hectares during 90 events.
In 2023 alone, with a budget of over EUR 3 mn, the project "Romania plants for tomorrow" is mainly focused on creating miniature urban forests, bringing nature closer to where people live and work.
These miniature urban forests are designed to increase quality of life in crowded urban areas by improving air quality, reducing noise, increasing biodiversity, and reducing temperatures in areas where they are created.
This innovative concept was introduced in Romania by OMV Petrom and was successfully implemented in 9 cities: Moinești, Bucharest, Giurgiu, Buftea, Amara, Targu Ocna, Constanta, Slobozia and Urziceni.
At the same time, plantings in the rural areas continue this fall, particularly in the areas where the intervention is most needed, in terms of limiting land erosion, creating tree curtains etc.
You can find more information on our tree-planting calendar for this fall here.
The afforestation actions are carried out with the support of six NGOs recognized for their contributions to environmental protection in Romania – Act for Tomorrow, Mai Mult Verde, Plantăm fapte bune în România, Pădurea Copiilor, Viitor Plus, and the Văcăreşti Natural Park Association.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 43 million boe in 2022. 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 780 filling stations under two brands – OMV and Petrom.
OMV Petrom is a company in which Romanian shareholders hold over 42% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 21.7% 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 6.4% 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 the largest contributor to the state budget, with approximately 39 billion euro in taxes and dividends paid between 2005 and 2022. During the same period, the company invested approximately 17 billion euro. In 2022, the taxes paid by OMV Petrom ensured 7% of Romania's tax revenues.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2022, the company has allocated around 120 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.