OMV Petrom launches sustainability report for its 2019 activity: 13.5 million Euro for social projects

OMV Petrom, the largest integrated energy company in Southeastern Europe, has published the Sustainability Report for 2019. Through sustained investments, the intensity of carbon emissions from operations decreased by 22 percent in 2019 compared to 2010.

“We respond to stakeholder expectations and invest in our communities: in 2019, we contributed 13.5 million Euro in social projects,” the company says.

Christina Verchere, CEO OMV Petrom, stated: “The world is going through an unprecedented crisis, which has occurred at a time of profound transformation for the energy sector. In the context of the climate change agenda and the European Green Deal, we, at OMV Petrom, aim to be part of the solution for the energy transition. And we do so by fulfilling our mission of providing energy for Romania, in a cleaner and sustainable manner. Through our investments, we have reduced the emissions of our operations by 22 percent in 2019, compared to 2010. Our Sustainability Report shows our progress towards achieving all our targets for 2025 while providing the energy we all need.”

Last year, OMV Petrom commissioned several large projects which, through the use of innovative and state-of-the-art technologies, have contributed to improving the environmental footprint. These include the Polyfuels unit at the Petrobrazi refinery and the Hurezani gas hub in Asset Oltenia, with total investments of 115 million Euro. In 2019, the total amount of water withdrawal decreased by 55 percent compared to 2010 and 53 percent of the total waste generated was recycled. One of the projects successfully implemented last year is the modernization of the water station in Săcuieni, which currently provides fully automatic control of water flow, in order to prevent losses. The company continued its efforts to minimize its impact on the environment, with total investments of over 214 million Euro for the environment.

In 2019, OMV Petrom has invested 13.5 million Euro in projects for communities, the biggest project being the support for the construction of the first pediatric oncology hospital in Bucharest.

“We planted 72,500 trees and carried out community programs and social investments in over 350 local communities in Romania through our “Andrei’s Country” platform. Another important project that we started in 2019 is “România Eficientă”. This project supports initiatives in the field of energy efficiency, based on the premise that education and efficient energy management can contribute to environmental protection and cost reduction,” the report reads.