Hengli Petrochemical Co Sustainability Profile
Hengli Petrochemical Co., Ltd., commonly referred to as Hengli, is a leading player in the petrochemical industry, headquartered in China. Established in 1994, the company has rapidly expanded its operations across major regions, including Asia and beyond, solidifying its position as a key manufacturer of high-quality petrochemical products. Hengli's core business areas encompass the production of polyester, refined oil, and other chemical products, distinguished by their innovative processes and commitment to sustainability. The company has achieved significant milestones, including the establishment of one of the largest integrated petrochemical complexes in the world. With a strong market presence, Hengli Petrochemical is recognised for its advanced technology and efficient production capabilities, making it a preferred partner in the global supply chain. Its dedication to quality and environmental responsibility sets Hengli apart in a competitive landscape.
DitchCarbon Score
How does Hengli Petrochemical Co'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 Chemicals 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
Hengli Petrochemical Co's score of 10 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hengli Petrochemical Co's reported carbon emissions
In 2023, Hengli Petrochemical Co., headquartered in China, reported total carbon emissions of approximately 32.8 billion kg CO2e. This figure comprises about 31.2 billion kg CO2e from Scope 1 emissions and approximately 1.7 billion kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. Hengli Petrochemical has set ambitious near-term reduction targets, aiming to decrease greenhouse gas emissions by 30% from 2020 levels by 2025. This target applies to both Scope 1 and Scope 2 emissions, reflecting the company's commitment to enhancing its sustainability practices. The company's emissions data is independently verified and does not cascade from any parent organization, ensuring that the reported figures are specific to Hengli Petrochemical Co. As the industry continues to face increasing scrutiny regarding climate impact, Hengli's proactive measures and clear reduction goals position it as a responsible player in the petrochemical sector.
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| 2023 | |
|---|---|
| Scope 1 | 31,167,270,460 |
| Scope 2 | 1,677,849,770 |
| Scope 3 | - |
How Carbon Intensive is Hengli Petrochemical Co's Industry?
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Hengli Petrochemical Co's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hengli Petrochemical Co has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
