China Petroleum & Chemical Corporation
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.
+3 vs industry average
China Petroleum & Chemical Corporation’s score of 40 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Motor Vehicle Retail Services has below-average carbon intensity
Industry performance
The Motor Vehicle Retail Services industry has reduced its overall emissions by 38% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
China Petroleum & Chemical Corporation's reported carbon emissions
China Petroleum & Chemical Corporation (Sinopec Corp.), headquartered in China, reported total emissions of approximately 168,640,000,000 kg CO2e for the year 2024. This figure encompasses Scope 1 and Scope 2 emissions. For the preceding year, 2023, total reported emissions stood at approximately 161,790,000,000 kg CO2e, also covering Scope 1 and Scope 2. In 2022, Sinopec Corp. reported approximately 161,790,000,000 kg CO2e for Scope 1 and Scope 2 emissions. The company's emissions for 2021 were approximately 172,560,000,000 kg CO2e, covering Scope 1 and Scope 2.
Sinopec Corp. is committed to achieving carbon neutrality by 2050. As part of its Green Enterprise Campaign, initiated in 2018, the company set near-term carbon reduction targets for 2023, aiming for a cumulative reduction of 12.6 million tonnes of carbon dioxide emissions across Scope 1 and Scope 2. The company's reported emissions data does not currently include Scope 3.
While Sinopec Corp.'s industry is listed as "Sale, maintenance, repair of motor vehicles, motor vehicles parts, motorcycles, motor cycles parts and accessories," its emissions data suggests operations beyond this classification, likely reflecting its broader activities as a major energy and chemical corporation. The provided data does not indicate that Sinopec Corp. is inheriting emissions data from a parent or related organisation, as its data cascade level is 0.
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China Petroleum & Chemical Corporation’s Climate Goals (2030 & 2050)
4 goals2050
Sinopec Corp
Sinopec Corp. is committed to achieving carbon neutrality by 2050.
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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