China Petroleum & Chemical Corporation
China Petroleum & Chemical Corporation, commonly known as Sinopec, is a leading player in the global energy sector, headquartered in Beijing, CN. Founded in 2000, Sinopec has rapidly established itself as one of the largest oil and gas companies in the world, with extensive operations across Asia, Africa, and beyond. Sinopec operates primarily in the petroleum and petrochemical industries, focusing on refining, exploration, and production. The company is renowned for its diverse range of core products, including fuels, lubricants, and chemical materials, which are distinguished by their high quality and innovative production methods. With a strong market position, Sinopec has achieved significant milestones, including being consistently ranked among the Fortune Global 500. Its commitment to sustainable practices and technological advancement further solidifies its reputation as a leader in the energy sector.
DitchCarbon Score
How does China Petroleum & Chemical Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Retail Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
China Petroleum & Chemical Corporation's score of 25 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Petroleum & Chemical Corporation's reported carbon emissions
In 2023, China Petroleum & Chemical Corporation (Sinopec) reported total carbon emissions of approximately 137,720 kg CO2e for Scope 1, 20,360 kg CO2e for Scope 2, and 146,700 kg CO2e for Scope 3. This reflects a commitment to transparency in emissions reporting, with data disclosed across all three scopes. Comparatively, in 2022, Sinopec's emissions were approximately 161,790 kg CO2e for Scope 1, 24,070 kg CO2e for Scope 2, and 139,820 kg CO2e for Scope 3. The company has shown a slight reduction in Scope 1 and Scope 2 emissions from 2022 to 2023, indicating ongoing efforts to manage and mitigate their carbon footprint. Despite these figures, there are currently no specific reduction targets or climate pledges documented, suggesting that while Sinopec is actively reporting its emissions, it may not have formalised commitments to reduce them in the near term. The company’s emissions intensity has varied, with a reported intensity of 0.17256 in 2023, down from 0.1467 in 2022, indicating a focus on improving efficiency relative to revenue. Overall, Sinopec's emissions data highlights the company's operational impact on climate change while underscoring the need for more defined climate commitments and reduction strategies moving forward.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 161,790 | 000,000 |
| Scope 2 | 24,070 | 00,000 |
| Scope 3 | 139,820 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
China Petroleum & Chemical Corporation is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
