Engaging with our stakeholders
We maintained the commitment of respect to our entire range of stakeholders, and to engage with them through transparent communication and open dialogue for win-win relationships. We perform social assessments for our projects, while engaging in dialogue and support to local communities where we operate. We also continued to offer professional support jointly with industry associations in the energy and oil field to state institutions. Investors’ concerns on ESG issues are addressed via one-to-one conversations or group meetings, participations at external events as well as active participation in events with key stakeholders, working groups and joint discussions in case of partnerships. Constant engagement with our employees is also prioritized. In 2022, over 40 meetings between Executive Board members and various groups of employees were organized.
OMV Petrom management is aware of its fundamental duty to represent and promote shareholder interests and recognizes its accountability for the Company’s performance and activities through Dialogue with shareholders, which in 2022 included the following:
- To maintain their active presence on the local and foreign capital markets, the Company’s top management and the Investor Relations (IR) team attended conferences and organized calls for analysts and investors.
- To regularly update investors and analysts on the quarterly operational, financial performance, strategy execution and plans, top management also participated in conferences and meetings with representatives from investment funds.
Dialogue with Trade Unions is essential in maintaining our Company’s social equilibrium. Therefore, we continued our effort to work constructively with employee representatives. Achieving mutually satisfactory solutions is our aim. Our dialogue with Trade Unions to find common approaches continued to play a major role in the decision process.