OMV listed in Dow Jones Sustainability Index for third straight year
OMV has been included in the Dow Jones Sustainability Index (DJSI World) for the third year in a row and is still the only Austrian company included in this prestigious index.
The DJSI World was launched in 1999 and serves as a benchmark for investors who integrate sustainability considerations into their portfolios. It is comprised of corporate leaders in global sustainability as identified by SAM in the SAM Corporate Sustainability Assessment (CSA), formerly owned by RobecoSAM and now a part of S&P Global. The DJSI World represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social factors.
“We are very pleased to once again be recognized as a sustainability leader and to be the only Austrian company included in the DJSI World. Sustainability is an integral part of OMV’s corporate strategy and we will continue to put forth every effort to do business responsibly and innovatively to ensure a secure and low-carbon future,” said Rainer Seele, CEO of OMV.
In 2020, OMV improved both its overall CSA score and rank within the industry, scoring particularly highly in areas such as climate strategy, water related risks, and human rights.
Manjit Jus, Global Head of ESG Research and Data, S&P Global, praised OMV for its high performance and sustainability efforts, “We congratulate OMV for being included in the DJSI World. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet."
OMV is listed on the following sustainability indices: MSCI ACWI ESG Leaders Index, MSCI ACWI SRI Index, FTSE4Good Index Series, STOXX® Global ESG Leaders, S&P Europe 350 ESG Index, Euronext Vigeo Europe 120 index, Euronext Vigeo Eurozone 120 index and ECPI Indices.
In addition to the assessment by SAM, OMV was recently rated as an industry leader by Sustainalytics, scoring a 28.4 (medium risk) in the new Sustainalytics ESG Risk Rating, and was again awarded a level 4 (highest level) on carbon management quality by the Transition Pathway Initiative. Earlier in 2020, OMV was awarded Prime Status by ISS ESG and AAA status by MSCI, and received an A– (Leadership) score from CDP Climate Change.
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 75% 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. 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.