OMV Aktiengesellschaft OMV Stakeholder Forum 2006 As part of its CSR process, OMV organized a Stakeholder Dialog, which was held in June 2006 in Vienna. The aim was to hold a broad-based discussion of issues relating to sustainable corporate management with over 50 participants from the worlds of politics and human rights, environmental organizations and OMV employees. The event was structured into two sections. During the afternoon conference, stakeholders discussed the expectations they had of OMV with the Executive Board and other OMV representatives. This was followed by an open panel discussion regarding the extent to which these expectations have already been met and where there are shortcomings that need to be remedied. The event was preceded by a survey of stakeholders, which had been carried out from December 2005 to February 2006, to assess OMV's performance in CSR and the results of the survey were presented at the conference. The following report refers to the results of this OMV Stakeholder Dialog. The main issues The Stakeholder Dialog focused on three main issues: • Involvement in the field of renewable energy • Commitment to human rights and social issues • Greater communication of OMV's CSR initiatives to the outside world Positive stakeholder perception Stakeholders welcomed OMV's greater involvement in the field of renewable energy as well as the recently created "OMV Future Energy Fund" (www.omvfutureenergyfund.com), which is seen as a major further development. With regard to human rights, stakeholders were pleased to note that OMV is prepared to assume responsibility in the regions in which it operates. OMV has good security management and also speaks out rigorously against the use of child labor in its supply chain management. OMV's cooperation with the local and regional authorities in the area of community development was seen as essential although this would not always be easy to implement. With regard to communications, OMV's regular contact with its stakeholders was highlighted. The decision to host a stakeholder dialog was welcomed and very well received. Mag. Simone Alaya A-1090 Vienna G-CA-Corporate Social Responsibility Otto-Wagner- Platz 5 Tel: +43.1.404 40-21354 Fax: +43.1.404 40-621354 DVR 0066648 e-mail: [email protected] OMV Aktiengesellschaft Critical feedback Despite establishing the "OMV Future Energy Fund", OMV has not been sufficiently involved in the field of renewable energy yet. With status quo June 2006, the measures taken were seen as only one-off without any long-term goals on the part of OMV. For current activities of OMV Future Energy Fund please refer to the website mentioned above. With regard to CSR measures, stakeholders called for a move away from individual projects towards processes instead. In order to uphold human rights, OMV should also get involved in areas outside OMV's core business and take part in lobbying for example. In communications, the lack of external transparency in particular was criticized. Stakeholders felt it would be particularly desirable to publish key performance indicators such as country-specific tax payments to demonstrate the macroeconomic benefit that OMV brings to the respective regions. Communicating OMV's best practice strategies could give other companies the opportunity to learn from its experience. It was also noted with criticism that as a result of the acquisition of Petrom, OMV is no longer included in the ethical funds in which it had previously featured. Response of the Executive Board Oil and gas will continue to be the dominant sources of energy for some time to come. In the period of transition from fossil fuels to renewable energies, OMV's task is to produce and refine oil and gas and there are many opportunities to structure the refining process in an environmentally and socially compatible manner. However, in 10 years time, OMV also intends to have developed renewable energy as a new business line, which is why the "OMV Future Energy Fund" was established. Renewable energy certainly offers considerable market potential, especially given the trend in the oil price. In general, human rights cannot be changed by OMV alone, however, a systematic process has been put in place to check the issue of human rights locally and to identify how the situation can be improved. The cooperation with the Boltzmann Institute of Human Rights is very beneficial here, and the Institute also reviews OMV's performance in this regard. With regard to Petrom, there is a lack of transparency as some data was still not available. Summary and Outlook We appreciate the high expectations of our stakeholders with regard to an involvement in renewable energies. We are prepared to be involved and through the "OMV Future Energy Fund" we intend to implement projects in this field. Our "duty" also includes being involved Mag. Simone Alaya A-1090 Vienna G-CA-Corporate Social Responsibility Otto-Wagner- Platz 5 Tel: +43.1.404 40-21354 Fax: +43.1.404 40-621354 DVR 0066648 e-mail: [email protected] OMV Aktiengesellschaft in the fields of oil and gas as energy sources, but we will be paying great attention to renewable energies in our actual strategy. With regard to human rights, we are aware that we operate in a large number of sensitive regions. We understand the message that we should push the processes of development in these countries and will dedicate ourselves to such processes. We are working on improving the local development cooperation, which will be our second key focal area after renewable energy. At OMV we take criticism seriously and would like stakeholders to continue providing critical feedback. In our CSR Performance Report 2005/2006 we will provide sufficient space for this topic. The Stakeholder Dialog will now take place each year to review whether OMV is on the right path. Conference participants Name Company Evelyn Bohle oekom research AG Elisabeth Campestrini Light for the World Denis Djulic SOS Children's Villages Austria Kristin Duchateau Austria Development Agency Franz Floss Austrian Consumer Association (VKI) Christian Friesl Federation of Austrian Industry Christian Gratzer Austrian Transport Club (VCÖ) Herbert Greisberger Austrian Society for Environment and Technology (ÖGUT) Susanne Hasenhüttl Austrian Society for Environment and Technology (ÖGUT) Andreas Henkel Austrian Federal Economic Chamber (WKÖ) Silvia Herrmann Global 2000 Werner Huber Botanical Institute / University of Vienna Werner Kerschbaum Red Cross / General Secretariat Karl Kienzl Austrian Ministry of the Environment Karlheinz Kopf Austrian People's Party (ÖVP) Elvira Kuttner Austrian Automobile and Motorcycle Touring Club (ÖAMTC) Robert Lechner Austrian Institute for Applied Ecology Karin Lukas Ludwig Boltzmann Institute of Human Rights Ulrike Lunacek Austrian Green Party Mag. Simone Alaya A-1090 Vienna G-CA-Corporate Social Responsibility Otto-Wagner- Platz 5 Tel: +43.1.404 40-21354 Fax: +43.1.404 40-621354 DVR 0066648 e-mail: [email protected] OMV Aktiengesellschaft Christian March Amnesty International Austria Roman H. Mesicek RespACT Friedrich Mostböck Erste Bank Heinz Patzelt Amnesty International Austria Christoph Petrik- Caritas Austria Schweifer Madeleine Petrovic Green State Parliament Club Martina Prechtl Energy Park Bruck/Leitha Matthias Schickhofer Greenpeace Austria Gabriela Sonnleitner Caritas Austria Gerhard Steier Social Democratic Party of Austria (SPÖ) Gottfried Steiner Federal Ministry of Economics and Labour Federal Ministry of Agriculture, Forestry, Environment and Water Wolfram Tertschnig Management (BMLFUW) Simone Alaya OMV Werner Auli OMV Walter Böhme OMV David C. Davies OMV Oliver W. Dillenz OMV Bettina Gneisz OMV Christina Hanreich OMV Karl Jung OMV Johann Kaltenbrunner OMV Peter Krammer OMV Barbara Kuncic OMV Helmut Langanger OMV Wolfgang Malzer OMV Eckhard Marz OMV Barbara Oberhauser OMV Christoph Pranger OMV Wolfgang Remp OMV Wolfgang OMV Ruttenstorfer Dorothea Sulzbacher OMV Helmut Brandstätter Moderator Monika Langthaler brainbows Mag. Simone Alaya A-1090 Vienna G-CA-Corporate Social Responsibility Otto-Wagner- Platz 5 Tel: +43.1.404 40-21354 Fax: +43.1.404 40-621354 DVR 0066648 e-mail: [email protected] OMV Aktiengesellschaft Eva Plunger brainbows Alexander Schröck brainbows Panel discussion participants Name Company Wolfgang Ruttenstorfer OMV Evelyn Bohle oekom research Markus Beyrer Federation of Austrian Industry Robert Lechner Austrian Institute of Applied Ecology Heinz Patzelt amnesty international Mag. Simone Alaya A-1090 Vienna G-CA-Corporate Social Responsibility Otto-Wagner- Platz 5 Tel: +43.1.404 40-21354 Fax: +43.1.404 40-621354 DVR 0066648 e-mail: [email protected] .