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OrganisationsChina Petroleum & Chemical Corporation
China Petroleum & Chemical Corporation logo

China Petroleum & Chemical Corporation

Motor Vehicle Retail ServicesChina
Last verified 9 months agosinopec.com

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.

40
DitchCarbon score

+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

Low

Motor Vehicle Retail Services has below-average carbon intensity

Industry performance

0.167
20182025

The Motor Vehicle Retail Services industry has reduced its overall emissions by 38% since 2018

Emissions trajectory 2020 – 2027

000.0B000.0B00.0B00.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

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 goals

2050

Sinopec Corp

Sinopec Corp. is committed to achieving carbon neutrality by 2050.

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

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Active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
China Petroleum & Chemical Corporation logoChina Petroleum & Chemical Corporation
CNMotor Vehicle Retail Services
9 months ago
40
Royal Dutch Shell logoRoyal Dutch Shell
GBPetroleum Refineries
8 hours ago
87
View
TotalEnergies logoTotalEnergies
FRPetroleum Refineries
22 hours ago
73
View
Eni logoEni
ITCrude Oil Extraction
22 hours ago
70
View
Bp logoBp
GBCrude Petroleum Extraction
2 days ago
45
View
Reliance Industries logoReliance Industries
INBusiness Services
6 days ago
42
View
Conocophillips logoConocophillips
USGas/Diesel Oil
3 hours ago
39
View

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