OMV again ranked top performer by sustainability rating agencies
- Prime status by ISS ESG for OMV for the third consecutive year
- MSCI awarded OMV AAA status, the highest status possible for the eighth year in a row
- Vigeo Eiris included OMV in the Euronext Vigeo Europe 120 and Eurozone 120 indices
OMV has again been confirmed as a sustainability leader in its industry by key global Environmental, Social and Governance (ESG) rating agencies.
OMV has been awarded prime status by ISS (Institutional Shareholder Services) ESG for the third consecutive year
ISS ESG awards prime status to companies with an ESG performance above the sector-specific prime threshold, which means that they fulfil ambitious absolute performance requirements. With its absolute score of B-, OMV ranks among the top 5% in the global oil, gas & consumable fuels sector.
MSCI awarded OMV the rating AAA, the highest rating possible, for the eighth year in a row
MSCI ESG Research provides ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. With its rating of AAA, OMV ranks among the top 10% in the integrated oil and gas sector and is listed in two MSCI indexes, the MSCI ACWI (All Country World Index) ESG Leaders Index and the MSCI ACWI SRI Index.
OMV has also been recognized as a sustainability leader by Vigeo Eiris
OMV has been included in the Euronext Vigeo Europe 120 index for the first time and been relisted in the Eurozone 120 index. This means that OMV is among the top 120 sustainable companies in Europe and the Eurozone across all sectors.
Beyond these achievements, OMV is also listed in the Dow Jones Sustainability Index, the FTSE4Good Index, and the STOXX Global ESG Leaders Index (based on the Sustainalytics rating).
OMV proactively engages with ESG rating agencies and socially responsible investors (SRI) to ensure the disclosure of the information investors need to evaluate sustainability risks and opportunities related to OMV’s performance. ESG ratings increasingly drive investor decision-making, and, as of end 2019, 20% of OMV’s institutional investors are classed as socially responsible investors.
More information about OMV’s approach to sustainability can be found at www.omv.com/sustainability.
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.