Procurement and compliance
Our suppliers must comply with both legal requirements and our HSSE standards. To ensure the suppliers’ support of OMV Petrom principles and to mitigate the risk of forced labor, slavery and human trafficking, OMV Petrom’s supply chain partners have to sign OMV Petrom’s Code of Conduct. OMV Petrom reserves the right to terminate the relationships with suppliers, if issues of non-compliance with applicable policies are discovered, or non-compliance is not addressed in a timely manner.
Moreover, OMV Petrom uses tools, such as 360-degree feedback, supplier evaluations and audits to assess and monitor a supplier´s adherence to the principles outlined in OMV Petrom´s Code of Conduct. For reviewing the main suppliers, OMV Petrom regularly engages external supply chain auditors. The selection of suppliers to be audited is based on a broad risk assessment which also includes social risks. Where a supplier does not act with integrity or does not have suitable controls in place, OMV Petrom will consider whether it can work with it to implement improvements or terminate the relations with the supplier.
Working with local suppliers
We encourage local procurement to create shared value in our local communities. We support local suppliers by improving their capabilities to meet higher technical, HSSE and business standards.
2025 Sustainability targets and 2020 achievements:
- 20 supplier audits covering sustainability topics by 2025
- 2020: 12 supplier audits conducted