OMV AG Statements on Climate Change “Until the day when replacement technologies are found that can come close to meeting the growing demand for energy, we will not be able to forgo oil. The decisive factor is using it as carefully and responsibly as possible. This is what we refer to as ‘Oil & Gas at its best.’ This means that in future we want to refine more oil and burn less of it for energy production. We process it into precursor products for the plastics industry for critical medical, industrial, and everyday products.”215 “In the increasing debate on climate protection, criticism of oil and gas companies is growing louder. How do you handle this? By showing that we are making a contribution to climate protection. Last year, we presented a Sustainability Strategy which is an integral part of our Corporate Strategy. We set ourselves clear and measurable targets, also and particularly in the area of carbon efficiency. By 2025, we will reduce the carbon intensity of our operations by 19 percent compared to the 2010 levels. At the same time, we will also lower the carbon intensity of our product portfolio by 4 percent – among others, due to the fact that we are focusing increasingly on gas.”216 “OMV is strongly committed to acting on climate change mitigation and responsible resource management and has accordingly set targets to manage and reduce the carbon footprint of its operations and products. The principal targets are to reduce OMV’s overall operations carbon intensity by 19% by 2025 and to reduce the product carbon intensity by 4% by 2025, both compared with 2010. This will be achieved by improving energy efficiency across all operations and implementing projects that reduce direct GHG emissions and by increasing the share of natural gas in our product portfolio.”217 “OMV recognizes that climate change is one of the most important global challenges and we aim to find the right industrial scale solutions for a lower-carbon world. I am proud that we have again achieved the leadership score ‘A–’ for CDP Climate Change, which places us among the top 13 companies in the global energy sector. Our carbon efficiency agenda, being one of the focus areas, targets the reduction of our carbon intensity through greenhouse gas emission reduction in our operations, reduction of carbon intensity of our product portfolio and development of innovative energy.”218 OMV AG (2018), Annual Report 2018: 7 Reasons Why We’re Excited About Tomorrow, p. 22, available at https://www.omv.com/pbd_download/186/875/OMV_Annual%20Report_2018.pdf (last accessed on 12 September 2019). 216 Id., p. 27. 217 Id., p.52. 218 OMV AG (2017), Sustainability Report 2017, p. 3, available at https://www.omv.com/services/downloads/00/omv.com/1522138216715/sustainability-report-2017 (last accessed o2 September 2019). 215 Annex D: Corporate Statements on Climate Change and Human Rights | 56