OMV Petrom launches in Romania the first OMV Climate Neutral card to offset fuel carbon emissions
- The OMV Climate Neutral card can be used by businesses for fuel purchases in the OMV and Petrom filling stations
- The amount needed to offset the carbon emissions emitted during road transportation is transferred to ClimatePartner in order to support certified carbon offset projects
OMV Petrom, the largest energy company in Southeastern Europe, launches the OMV Climate Neutral card in Romania, through which companies can get active in climate actions and contribute to offsetting carbon emissions resulting from fuel usage. This option, a premiere for the Romanian fuel market, is enabled through the cooperation with ClimatePartner, an international solutions provider for corporate climate action.
OMV Climate Neutral runs like a traditional fuel card and offers companies the possibility to offset carbon emissions caused during transportation by paying a fixed price of RON 0.023/liter for gasoline and RON 0.027/liter for diesel, in order to support the carbon offset projects in ClimatePartner’s portfolio.
Any user of an OMV Climate Neutral card will be able to check, at any time, the volume of offset carbon emissions, on the ClimatePartner portal. The card can be ordered online through our virtual store on the OMV Romania website.
Customers will receive a certificate confirming their contribution by offsetting carbon emissions. This mechanism for compensating the emissions is performed in accordance with the standards imposed by the Intergovernmental Panel on Climate Change.
“By launching the OMV Climate Neutral card, we offer to our clients the possibility to directly contribute to the offsetting of carbon emissions. It is a step that comes on top of our measures and objectives taken at company level. We are constantly investing in the whole production chain in order to ensure the quality of our products and to reduce the carbon footprint, from our operations in production to the ones in the refinery and in the filling stations, such as for the electric charging points or the photovoltaic panels”, said Radu Căprău, member of OMV Petrom Executive Board, responsible for Downstream Oil.
Through continuous investments, OMV Petrom reduced carbon emissions of its operations by 22% in 2019 compared to 2010. Moreover, we are the first company in Romania to have announced support for the recommendations issued by the TCFD with the aim to enhance transparency and allow stakeholders to better understand the company’s efforts with regards to climate change.
The concept of climate neutrality has been first adopted at the Kyoto Conference in 1997, and has been constantly developed and improved ever since. To take climate actions by offsetting carbon emissions also includes the identification of greenhouse gas emissions within activities and products, measuring their impact and offsetting them by the financial support of certified carbon offset projects.
About OMV Petrom
OMV Petrom is the largest energy company in South-Eastern Europe, with an annual Group hydrocarbon production of 55.4 million boe in 2019. 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 802 filling stations, at the end of June 2020, under two brands – OMV and Petrom.
OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.011% stake in OMV Petrom. The Romanian State, through the Ministry of Economy, Energy and Business Environment, holds 20.639% of OMV Petrom shares, Fondul Proprietatea holds 6.997%, and 21.353% 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 30.4 billion euro in taxes and dividends paid between 2005 and 2019.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007-2019, the company has allocated approximately 66 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.
ClimatePartner is a solution provider for corporate climate action: We combine individual consulting with cloud-based software that is unique on the market. We help our customers calculate and reduce carbon emissions and offset unavoidable emissions. This renders products and companies climate neutral, which is confirmed by our label.
We offer carbon offset projects in different regions and with different technologies and standards. The additional social benefits of the projects are particularly important to us. Our efforts are geared towards the 17 Sustainable Development Goals (SDGs) of the United Nations.
ClimatePartner was founded in Munich in 2006. Today, our more than 100 employees are spread across offices in Munich, Berlin, Essen, Cologne, Vienna, Zürich, London and Yerevan. We work with about 2,500 companies in 35 countries.