OMV Petrom reduces carbon intensity by 11% compared to 2019

Alina Oprea

28 April, 2023 at 8:42 AM

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has published its Sustainability Report for 2022. It provides an overview of the economic, environmental, and social impact of OMV Petrom`s operations, as well as the commitments and progress towards sustainable development. To decarbonize the internal power consumption, the company progressed with the installation of PV panels in the filling stations, reaching 150 filling stations at the end of the year. OMV Petrom is planning to have photovoltaic panels installed in about 50% of its filling station network by 2025. The amount of electricity produced by the PV panels covers up to 25% of the consumption of a filling station.

"The carbon intensity of our operations decreased last year by around 11% vs. the 2019 level. Our overarching ambition is to achieve a 30% reduction by 2030 compared to 2019. In addition, we reduced our methane emissions intensity by 70% vs. the 2019 level, progressing towards our target of less than 0.2% by 2030. OMV Petrom contributes significantly to the economic and social fabric of society. We invested approximately €40 million in projects for the long-term development of the communities in which we operate, for one million direct beneficiaries”, says Christina Verchere, CEO of OMV Petrom.

The group Sustainability framework is built around three pillars: Environment, Social, and Governance with a clear commitment to run responsible operations, foster people and communities and leverage innovation and digitalization.

In 2022, the company initiated and progressed projects that support its Strategy 2030 of supplying cleaner energy, in a sustainable manner. The company entered a partnership with Complexul Energetic Oltenia for the construction of four photovoltaic (PV) parks with a total capacity of 450 MW, with investments of over €400 million. By putting the four parks into operation, Romania's installed solar power capacity will increase by ~30%.

Petrobrazi became the first refinery certified in Romania to produce Sustainable Aviation Fuel (SAF). Compared to conventional fuel, the SAF volumes produced at the Petrobrazi Refinery can help reduce the CO2 emissions from commercial flights by about 70%.

In the area of sustainable mobility, more than 100 charging points for electrical vehicles will be installed by the end of 2022, to contribute to road transport decarbonization.

”OMV Petrom strives to ensure a healthy, safe, and development-oriented environment for employees and communities while generating a positive economic impact in Romania. Skills development and training are key for supporting people in reaching their potential: in 2022, OMV Petrom employees benefited from more than 200,000 hours of training. New programs were launched or continued to be implemented aiming to foster a diverse, inclusive, and non-discriminatory culture”, according to the company.

Over 1,800 OMV Petrom volunteers attended social involvement activities sponsored by the company. Moreover, the OMV Petrom Foundation was launched, to strengthen the company's contribution to social projects. Sustainalytics, an independent ESG rating agency, included OMV Petrom in the top 5% of the Oil & Gas Producers Industry, while EcoVadis, another sustainability ratings agency, awarded OMV Petrom the Silver Supplier status