MV Petrom is a new partner of the Academy of Sustainable Development, the first social and educational platform in the field of sustainable development dedicated to micro, small and medium enterprises (SMEs) in Romania.

Since education is the first step to change, OMV Petrom supports the efforts of the Academy of Sustainable Development, an initiative launched this May by Social Innovation Solutions. OMV Petrom is the first company in the Romanian energy sector to publish a separate sustainability report in 2012. Today, sustainable development is fully integrated into the business strategy with an emphasis on the transition to a low-carbon business, responsible operations, innovation and digitization. and supporting people and communities.

The Academy of Sustainable Development prepares SMEs to adapt, adopt and use trends in the world of sustainable development, which can have a positive impact on both their business and the community in which they operate. Small and medium-sized enterprises have access to all educational content absolutely free after creating an account at www.academia-de-sustenabilitate.ro. Courses on the platform include 11 training modules and a small dictionary from the world of sustainable development. In addition, participants have the opportunity to join a community of sustainability professionals and entrepreneurs, collaborate and share best practices and challenges.

Alina Petrescu, Director of Communications and Sustainable Development of OMV Petrom: “We are happy to support the Academy of Sustainable Development and thus support Romanian SMEs in their journey towards the demands of the future. We recognize that it is important that sustainability is integrated into business strategy and that the right partners to walk this journey together are essential. We believe that SMEs play a key role in the sustainable development of society, and to realize their potential, they need a community through which they can access global resources, quality expertise and potential investors.”

At the Sustainability Academy, entrepreneurs can learn about attracting green finance, taxation adapted to environmental goals, innovation and the circular economy, as well as reporting requirements in the industry.

“The whole world, not just business, is constantly changing. SMEs that invest in sustainability stand the best chance of adapting to new regulations, new investor demands and, perhaps most importantly, new consumer expectations. The Academy of Sustainable Development brings together the resources, solutions and change we need in society, and we are delighted to have partners with us who themselves have the resources needed to make the change and want to be part of the solution.– said Ciprian Stanescu, president of Social Innovation Solutions.

According to the Trade Register, more than 800,000 small and medium-sized enterprises create 50% of the total turnover of Romanian business. They are an important part of the local economy and should see sustainable development as a valuable opportunity for their business.

About the Academy of Sustainable Development

The Sustainability Academy is a project under the Sustainable Futures brand, initiated by Social Innovation Solutions together with the Coca‑Cola Foundation, a founding partner, and BCR, a lead partner. Organizational partners include the Embassy of Sustainable Development in Romania, Confederation of Employers Concordia, Romanian Business Leaders, Viitor Plus, Global Shapers Bucharest Hub, WWF Romania, CCIFER or SNRB. The project is implemented with the support of international organizations SME Climate Hub, Exponential Roadmap Initiative, The Rock Group, as well as Envisia as an academic partner. The Academy of Sustainability has an Advisory Board component, an advisory board that plays an important role in providing high-quality, up-to-date and up-to-date educational resources so that SMEs can apply best practices in sustainability and remain competitive in the market.

About social innovative solutions

Social Innovation Solutions (SIS) is an organization whose mission is to support individuals and organizations in understanding the transformations of the future and the development of sustainable technologies, public policies and business solutions.

SIS organizes several incubators and educational programs in Romania and Central and Eastern Europe, such as Future Makers, Sustainability Academy, TRANSFORMATOR and Games of Science, working with almost 10,000 young people, startups and NGOs in recent years. SIS also develops several communication platforms, such as the Future Summit, Sustainable Futures or Climate Change Summit, and offers consulting and training programs for managers in the field of forecasting, innovation and sustainable development.

About OMV Petrom

OMV Petrom is the largest energy company in Southeast Europe with annual group crude oil and gas production of approximately 43 million boe in 2022. The group has a processing capacity of 4.5 million tonnes per annum and operates a highly efficient 860 MW power plant. In the market of retail distribution of petroleum products, the Group is represented in Romania and neighboring countries through approximately 780 filling stations under two brands, OMV and Petrom.

OMV Petrom is a company in which Romanian shareholders own more than 42% of the shares (of which the Romanian state, through the Ministry of Energy, owns 20.7%, and 21.7% is owned by Romanian pension funds, which include almost 500,000 individuals). investors and other Romanian organizations). OMV Aktiengesellschaft, one of Austria’s largest listed industrial companies, owns 51.2% of OMV Petrom, with the remaining 6.4% held by other foreign investors. Of the total number of OMV Petrom shares, 28.1% are freely traded on the Bucharest and London stock exchanges.

OMV Petrom is the largest contributor to the state budget, with approximately €39 billion representing commissions, taxes and dividends paid between 2005 and 2022. During the same period, the company invested approximately 17 billion euros. In 2022, taxes paid by OMV Petrom provided 7% of Romania’s fiscal revenues.

Since 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. Between 2007 and 2022, the company has committed around 120 million euros to community development in Romania, focusing on environmental protection, education, health care and local development.

On 29 July 2020, OMV Petrom announced its support for recommendations issued by the Task Force on Climate-Related Financial Disclosures (TCFD), the Task Force on Climate Change-Related Financial Disclosures, on the risks and opportunities associated with connected with the climate. change. OMV Petrom reports annually on the progress made in implementing these recommendations.

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