With the support of OMV Petrom, about 200 volunteers are planting an urban forest in the West Park in Ploiesti
- On Saturday and Sunday, nearly 200 volunteers will plant 2,500 seedlings
- "Romania plants for tomorrow" is the largest privately funded planting initiative in Romania
OMV Petrom, the largest integrated energy company in South-Eastern Europe, invited volunteers this weekend to plant an urban forest in the West Park in Ploiesti. About 200 volunteers will plant 2,500 saplings on 2,500 square meters. The action is part of the planting calendar of the project "Romania plants for tomorrow" which, this year, focuses its attention on urban areas. Across the country, more than 330,000 seedlings will be planted in mini urban forests in 20 cities, including Ploiesti.
Christina Verchere, CEO of OMV Petrom: "Every year, << Romania plants for tomorrow>> helps communities become greener and cleaner. I want to thank our volunteers, authorities and partners, with whom we have planted over 2 million trees in the last three years. << Romania is planting for tomorrow>> is part of our broader strategy to build a sustainable future for communities and society.”
The concept of urban miniature forests was introduced in Romania by OMV Petrom in 2021 and was successfully implemented in 5 localities: Moineşti, Bucharest, Giurgiu, Buftea and Urziceni. The urban miniature forest is designed to improve air quality, reduce noise, increase biodiversity and reduce the greenhouse effect.
Launched in 2020, "Romania plants for tomorrow" is the largest privately funded planting initiative in Romania. Between 2020 and 2022, over 10,000 volunteers afforested over 450 hectares, within 60 plantings, with a total contribution of 5.7 million euros. For this year, the budget amounts to EUR 3 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, We plant good deeds in Romania, 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 and the London Stock.
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.