OMV Petrom, the largest energy company in Southeastern European, completed the stage of spring planting within the campaign 'Romania plants for tomorrow', the largest privately funded forestation initiative in Romania.

About 700 volunteers contributed to the planting of 328,000 seedlings on a total area of 66 hectares. The forestation activities were carried out in 27 localities from 16 counties and benefited from the support of six non-governmental organizations, recognized for their contributions to environmental protection: Act for Tomorrow, Mai Mult Verde, Plantm fapte bune in Romnia, Pdurea Copiilor, Viitor Plus and the Association Parcul Natural Vcreti.

The forestation actions scheduled for 2021 started in March and are split into two seasons - spring and autumn. In the second year of the 'Romania plants for tomorrow' campaign, 500,000 seedlings will be planted on an area of 107 hectares.

The first miniature forest in Romania

At the same time, during this stage, a premiere was recorded: the volunteers planted, in Moineti, the first miniature urban forest in Romania. Over 1,000 seedlings of 16 species were planted on an area of 500 square meters, in the courtyard of George Enescu School in Moinesti.

The role of this urban forest is to improve air quality, reduce noise and increase biodiversity.

Miniature urban forests are dense forests with high biodiversity, which can grow on areas starting from 250 square meters. They are also known as 'Miyawaki' forests, after the name of the Japanese botanist who popularized this concept.

The Miyawaki forests are increasing in popularity at European level. Projects such as Urban Forests in Belgium and France and Tiny Forest in the Netherlands bring together volunteers to transform small unused areas into true oases of biodiversity.

About plating programs of OMV Petrom

'Romania plants for tomorrow' started in 2020 and it is planned for a period of 3 years, targeting the planting of 1.5 million seedlings. OMV Petrom contributes with EUR 4.6 million. In the first year of the campaign, over 550,000 seedlings were planted on an area covering more than 120 hectares.

This campaign contributes to supporting three goals of the 2030 UN Agenda for Sustainable Development: (13) Climate action, (15) Life on Land and (17) Partnerships for the Goals.

In the period 2008 - 2019, OMV Petrom planted more than 700,000 trees on an area of 140 hectares, becoming one of the biggest promoters of planting activities among the private sector. Over time, the campaigns benefited from the support of employees and over 3,000 volunteers, who chose to contribute in order to protect and grow the forests of Romania.

About OMV Petrom

OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of 53 million boe in 2020. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through 793 filling stations, at the end of 2020, under two brands - OMV and Petrom.

OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, Fondul Proprietatea holds 7%, and 21.4% is the free float on the Bucharest Stock Exchange and the London Stock Exchange.

OMV Petrom is the largest contributor to the state budget, with contributions of approximately 32 billion euro in taxes and dividends paid between 2005 and 2020.

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2020, the company has allocated approximately 72 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change.

Contact:

Ramona Zanfirescu

Email: press.office@petrom.com

(C) 2021 Electronic News Publishing, source ENP Newswire