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China Petroleum & Chemical Corporation, commonly known as Sinopec, is a leading player in the sale, maintenance, and repair of motor vehicles, as well as the provision of motor vehicle parts, motorcycles, and accessories. Headquartered in Beijing, CN, Sinopec operates extensively across various regions in China and beyond, solidifying its presence in the automotive industry.
Founded in 2000, Sinopec has achieved significant milestones, including becoming one of the largest oil and gas companies globally. The corporation offers a diverse range of products and services, distinguished by their commitment to quality and innovation. With a strong market position, Sinopec is recognised for its extensive distribution network and customer-centric approach, making it a trusted name in the automotive sector.
+1 vs industry average
China Petroleum & Chemical Corporation’s score of 40 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Motor Vehicle Retail Services is among the most carbon-intensive industries
The Motor Vehicle Retail Services industry has reduced its overall emissions by 38% since 2018
Scope 3 accounts for ••• of total emissions.
In 2024, China Petroleum & Chemical Corporation reported total Scope 1 emissions of 139,090,000,000 kg CO2e and Scope 2 emissions of 28,860,000,000 kg CO2e. For 2023, the company's Scope 1 emissions were 142,280,000,000 kg CO2e, and Scope 2 emissions were 26,360,000,000 kg CO2e. In 2022, Scope 1 emissions were 137,720,000,000 kg CO2e, and Scope 2 emissions were 24,070,000,000 kg CO2e. The company reported a combined Scope 1 and Scope 2 emissions of 172,560,000,000 kg CO2e in 2021. For 2020, Scope 1 emissions were 128,580,000,000 kg CO2e and Scope 2 emissions were 42,360,000,000 kg CO2e. In 2019, Scope 1 emissions were 125,680,000,000 kg CO2e, and Scope 2 emissions were 45,010,000,000 kg CO2e. There is no publicly disclosed Scope 3 emissions data.
China Petroleum & Chemical Corporation aims to achieve carbon neutrality for Scope 1 and Scope 2 emissions by 2050. The company also initiated the Green Enterprise Campaign in 2018, setting a target to cumulatively reduce Scope 1 and Scope 2 carbon dioxide emissions by 12.6 million tonnes by 2023.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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