OMV AG 2021 AR2
The report highlights OMV Group's record financial performance in 2021, achieving its highest-ever clean CCS Operating Result of EUR 6.0 billion and an operating cash flow of EUR 8.9 billion. The company announced its Strategy 2030, committing to transform from an integrated oil, gas, and chemicals company into a leader in sustainable fuels, chemicals, and materials, with a target to achieve net-zero emissions by 2050. Key operational milestones included the integration of Borealis, the divestment of several non-core assets, and the final investment decision for a ReOil chemical recycling demo plant. Additionally, OMV advanced its decarbonization efforts by expanding renewable energy projects and planning carbon capture and storage capacities.
Company: OMV AG
Sector: Mining & quarrying
Country: Austria
Year: 2021
Type: AR2
Pages: 240
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OMV AG
Annual Report
The report highlights OMV Group's record financial performance in 2021, achieving its highest-ever clean CCS Operating Result of EUR 6.0 billion and an operating cash flow of EUR 8.9 billion. The company announced its Strategy 2030, committing to transform from an integrated oil, gas, and chemicals company into a leader in sustainable fuels, chemicals, and materials, with a target to achieve net-zero emissions by 2050. Key operational milestones included the integration of Borealis, the divestment of several non-core assets, and the final investment decision for a ReOil chemical recycling demo plant. Additionally, OMV advanced its decarbonization efforts by expanding renewable energy projects and planning carbon capture and storage capacities.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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