Climate Change

02 Nov 2020

Romania: OMV Petrom Launches OMV Climate Neutral Card

02 Nov 2020  by   

Companies can now actively contribute to climate action as well as offset carbon emissions associated with fuel consumption, with the help of the OMV Climate Neutral card in Romania launched by the largest energy company in South-Eastern Europe, OMV Petrom.

A first for the Romanian fuel market, this option is made available through ClimatePartner, an international provider of solutions for corporate climate action.

Working like a normal fuel card, OMV Climate Neutral, gives companies the opportunity to offset, at a fixed cost, at a fixed price of 0.023 lei / liter for fossil fuel and 0.027 lei / liter for diesel, carbon emissions produced during transport to support carbon offset projects in the ClimatePartner portfolio.

The volume of carbon emissions that has been offset on the ClimatePartner partner portal can be checked at any time by each user of an OMV Climate Neutral card. Through their virtual store on the OMV Romania website, the card can be ordered online.

A certificate confirming the contribution by offsetting the carbon emissions, will be received by customers, and this emissions compensation mechanism is based on the standards imposed by the Intergovernmental Panel on Climate Change.

"By launching the OMV Climate Neutral Card, we offer our customers the opportunity to contribute directly to offsetting carbon emissions. It is an approach that complements our measures and objectives at company level. We constantly invest throughout the production chain to ensure the quality of our products and reduce the carbon footprint, starting with our production operations, continuing with those in the refinery and in those of distribution stations, such as electrical recharging points or photovoltaic panels,” stated Radu Căprău, member of the Management Board of OMV Petrom, responsible for the Downstream Oil activity.

In 2019, carbon emissions of its operations was reduced by 22% compared to 2010 by OMV Petrom, through sustained investments. In order to increase transparency and enable stakeholders to better understand the company's climate change efforts, OMV Petrom has been the first company in Romania to announce its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD).

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