OMV AG 2020 AR2
The report highlights OMV Group's performance in 2020, a year significantly impacted by the COVID-19 pandemic and low commodity prices. Despite these challenges, the company achieved a Clean CCS Operating Result of EUR 1.7 billion and progressed its strategic transformation by acquiring a majority 75% stake in Borealis, extending its value chain into high-value chemicals. OMV also advanced its divestment program, signing agreements to sell its stake in Gas Connect Austria and its German retail network. On the sustainability front, the company achieved its carbon footprint reduction targets ahead of schedule and committed to net-zero operations by 2050.
Company: OMV AG
Sector: Mining & quarrying
Country: Austria
Year: 2020
Type: AR2
Pages: 226
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OMV AG
Annual Report
The report highlights OMV Group's performance in 2020, a year significantly impacted by the COVID-19 pandemic and low commodity prices. Despite these challenges, the company achieved a Clean CCS Operating Result of EUR 1.7 billion and progressed its strategic transformation by acquiring a majority 75% stake in Borealis, extending its value chain into high-value chemicals. OMV also advanced its divestment program, signing agreements to sell its stake in Gas Connect Austria and its German retail network. On the sustainability front, the company achieved its carbon footprint reduction targets ahead of schedule and committed to net-zero operations by 2050.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees