OMV Petrom supports this year's tree plantings with EUR 3 million and greens up the urban landscape as part of the project „Romania plants for tomorrow"

• Planting activities in 20 cities across Romania in 2023
• „Romania plants for tomorrow" is the largest privately funded tree planting initiative in Romania

OMV Petrom, the largest integrated energy company in South-Eastern Europe, continues the project "Romania plants for tomorrow" and focuses on urban areas in 2023. Thus, over 330,000 seedlings will be planted in mini-urban forests in 20 cities, including Bucharest, Constanta, Giurgiu and Craiova.

Christina Verchere, CEO of OMV Petrom: "Every year, through the project <<Romania plants for tomorrow>> we contribute to the development of greener and cleaner communities.  I want to thank our volunteers, the authorities and our partners, with whom we have planted more than 2 million trees over the last three years.  We hope they will join us again this year to create together little oases of green in urban communities.  <<Romania plants for tomorrow>> is part of our broader strategy to build a sustainable future for communities and society as a whole."

In 2023, the project "Romania plants for tomorrow" will focus mainly on creating miniature urban forests. This concept was introduced in Romania by OMV Petrom and was successfully implemented in 5 localities: Moinești, Bucharest, Giurgiu, Buftea and Urziceni.  The urban miniature forest is designed to improve air quality, reduce noise, increase biodiversity and reduce the greenhouse effect.

At the same time, the plantings in the rural area will continue, in the areas which need intervention, with about 180,000 seedlings for plantings outside the cities.  

Launched in 2020, "Romania plants for tomorrow" is the largest privately funded planting initiative in Romania. Between 2020 and 2022, 10,000 volunteers forested over 450 hectares during 60 planting actions, with a contribution of EUR 5.7 million.

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 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 51.2% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.7% of OMV Petrom shares, and 28.1% represents the free float. 

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. 

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.