OMV reconfirmed as FTSE4Good Index Constituent
OMV has been included in the FTSE4Good Index Series for the sixth consecutive time, underscoring its leadership on sustainability.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. FTSE Russell evaluations are based on performance and disclosure in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. This year, OMV improved its overall ESG score, as well as its score in each of the three ESG pillars. OMV now ranks among the best two percent in the Oil & Gas Supersector.
“Sustainability is an integral part of OMV’s strategy and long-term success. We’re very pleased to once again be listed in the FTSE4Good Index and especially to be recognized as a sector leader by FTSE Russell,’’ said Rainer Seele, Chairman of the Executive Board and CEO of OMV.
The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. Inclusion in the FTSE4Good Index Series is based on an independent analysis of data from over 7,200 securities in 47 developed and emerging markets.
OMV’s achievements in sustainability are evaluated every year by multiple ESG ratings agencies. OMV’s outstanding sustainability performance has also been confirmed by its inclusion in the Dow Jones Sustainability Index and STOXX Global ESG Leaders Index (based on the Sustainalytics rating), as well as an AAA rating by MSCI, a Prime status by ISS ESG, and an A- (Leadership) Score from CDP.
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of around 20,000 employees in 2019, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. Daily average production was 487,000 boe/d in 2019. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and Trading JV, with a total annual processing capacity of 24.9 mn tons. Furthermore, OMV has a 36% participation in Borealis, one of the world’s leading producers of polyolefins. The Company operates about 2,100 filling stations in ten European countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2019, gas sales volumes amounted to around 137 TWh. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.