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 40 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Petroleum & Chemical Corporation's reported carbon emissions
In 2024, China Petroleum & Chemical Corporation (Sinopec) reported total carbon emissions of approximately 2,100,000,000 kg CO2e. This figure includes Scope 1 emissions of about 956,000,000 kg CO2e, Scope 2 emissions of approximately 239,480,000 kg CO2e, and Scope 3 emissions of about 2,100,000 kg CO2e. In 2023, the company recorded total emissions of around 1,749,000,000 kg CO2e, with Scope 1 emissions at about 874,000,000 kg CO2e and Scope 2 emissions at approximately 250,210,000 kg CO2e, while Scope 3 emissions remained consistent at about 2,100,000 kg CO2e. Sinopec has not disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. The company has reported emissions intensity metrics, indicating a focus on measuring greenhouse gas emissions relative to revenue, but lacks detailed plans for significant reductions in the near future.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 161,790 | 000,000,000 | 000,000,000 |
| Scope 2 | 24,070 | 000,000,000 | 000,000,000 |
| Scope 3 | 139,820 | 0,000,000 | 0,000,000 |
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 participating in some of the initiatives that 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.
