TY - THES

T1 - Integration of ESG into decision making

T2 - Options, trade-offs and comparison - case study OMV

AU - Baranowski, Alexander

N1 - embargoed until 05-02-2029

PY - 2024

Y1 - 2024

N2 - This thesis presents a novel methodology for assessing energy projects through ESG factors, explicitly focusing on their integration into NPV calculations and qualitative performance scoring. As the energy industry faces increasing pressure to address climate change and societal expectations, OMV, a leading multinational integrated energy company, acknowledges the necessity of embedding ESG considerations into its strategic and financial decision-making to maintain competitiveness and sustainability. This study advances OMV's current ESG framework by developing a dual approach: a monetary integration within NPV calculations and a non-monetized ESG KPI scoreboard. The thesis harnesses a rich compilation of literature, industry best practices, and expert insights to identify pertinent ESG indicators and frame a comprehensive evaluation method. A case study contrasts a fossil fuel project with a renewable initiative, demonstrating the methodology's practicality and its capacity to encapsulate a project's full spectrum of ESG-related risks, costs, and benefits. This research contributes to the growing discourse on sustainable project valuation, providing actionable insights for stakeholders and policymakers in the energy sector and beyond, advocating for informed, responsible energy project decisions that align with long-term sustainability objectives.

AB - This thesis presents a novel methodology for assessing energy projects through ESG factors, explicitly focusing on their integration into NPV calculations and qualitative performance scoring. As the energy industry faces increasing pressure to address climate change and societal expectations, OMV, a leading multinational integrated energy company, acknowledges the necessity of embedding ESG considerations into its strategic and financial decision-making to maintain competitiveness and sustainability. This study advances OMV's current ESG framework by developing a dual approach: a monetary integration within NPV calculations and a non-monetized ESG KPI scoreboard. The thesis harnesses a rich compilation of literature, industry best practices, and expert insights to identify pertinent ESG indicators and frame a comprehensive evaluation method. A case study contrasts a fossil fuel project with a renewable initiative, demonstrating the methodology's practicality and its capacity to encapsulate a project's full spectrum of ESG-related risks, costs, and benefits. This research contributes to the growing discourse on sustainable project valuation, providing actionable insights for stakeholders and policymakers in the energy sector and beyond, advocating for informed, responsible energy project decisions that align with long-term sustainability objectives.

KW - Sustainability

KW - ESG

KW - Decision-Making

KW - Energy Industry

KW - Project Valuation

KW - Renewable Energy

KW - Fossil Fuels

KW - Net Present Value

KW - Financial Analysis

KW - NPV in Energy Projects

KW - ESG Integration

KW - ESG Metrics

KW - Climate Change Impact

KW - Sustainable Energy

KW - Financial Decision Making

KW - Nachhaltigkeit

KW - ESG

KW - Entscheidungsfindung

KW - Energiewirtschaft

KW - Projektbewertung

KW - Erneuerbare Energien

KW - Fossile Brennstoffe

KW - Kapitalwert

KW - Finanzanalyse

KW - Kapitalwert in Energieprojekten

KW - ESG-Integration

KW - ESG-Metriken

KW - Auswirkungen des Klimawandels

KW - nachhaltige Energie

KW - finanzielle Entscheidungsfindung

U2 - 10.34901/mul.pub.2024.106

DO - 10.34901/mul.pub.2024.106

M3 - Master's Thesis

ER -