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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 33 is higher than 55% 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 142,280,000,000 kg CO2e for Scope 1 and about 26,360,000,000 kg CO2e for Scope 2, resulting in a combined total of around 168,640,000,000 kg CO2e. This marks a slight increase in emissions from 2023, where Scope 1 emissions were about 137,720,000,000 kg CO2e and Scope 2 emissions were approximately 24,070,000,000 kg CO2e, leading to a total of around 161,790,000,000 kg CO2e. Sinopec has set ambitious climate commitments, including a target to reduce carbon dioxide emissions by a cumulative total of 12.6 million tonnes (or 12,600,000,000 kg CO2e) by 2023 as part of its Green Enterprise Campaign initiated in 2018. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, the corporation is committed to achieving carbon neutrality by 2050, encompassing both Scope 1 and Scope 2 emissions. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Sinopec. The company continues to focus on reducing its carbon footprint while maintaining its operational efficiency in the petroleum and chemical sectors.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 148,380,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
| Scope 2 | 24,180,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - | - |
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.
