Sinochem Holdings
Sinochem Holdings Corporation, commonly referred to as Sinochem, is a leading global player in the chemical and energy sectors, headquartered in Hong Kong. Established in 1950, the company has evolved significantly, expanding its operations across Asia, Europe, and the Americas. Sinochem's core business areas include agrochemicals, petrochemicals, and advanced materials, with a strong emphasis on sustainable development and innovation. The company is renowned for its high-quality products, such as crop protection agents and specialty chemicals, which are designed to meet the diverse needs of its clients while adhering to environmental standards. With a robust market position, Sinochem has achieved notable milestones, including strategic partnerships and a commitment to research and development, solidifying its reputation as a trusted leader in the industry.
DitchCarbon Score
How does Sinochem Holdings'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
Sinochem Holdings's score of 16 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sinochem Holdings's reported carbon emissions
In 2023, Sinochem Holdings, headquartered in Hong Kong, reported total carbon emissions of approximately 38,620 kg CO2e, comprising 4,100 kg CO2e from Scope 1 and 34,440 kg CO2e from Scope 2 emissions. This data reflects their commitment to transparency in carbon footprint reporting. Sinochem Holdings has set ambitious long-term climate commitments, aiming for carbon peaking and carbon neutrality by 2060. These targets encompass both Scope 1 and Scope 2 emissions, with initiatives focused on promoting a clean and low-carbon energy structure, developing clean technologies, and enhancing energy-saving equipment. The company is actively engaged in carbon footprint accounting across its subsidiaries to align with national strategic goals of reducing carbon emissions. The organisation's global emissions for 2023 were significantly higher, with Scope 1 emissions at approximately 2,204,876,000 kg CO2e and Scope 2 emissions at about 1,754,393,000 kg CO2e. This highlights the scale of their operations and the importance of their climate initiatives. Sinochem Holdings is not currently part of any SBTi (Science Based Targets initiative) commitments, but their internal reduction strategies are designed to meet the broader objectives of carbon neutrality as outlined in national policies. The company is committed to benchmarking against world-class enterprises to enhance its sustainability practices.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 1,581,300,000 | 0,000,000,000 |
| Scope 2 | 986,000,000 | 0,000,000,000 |
| 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.
Sinochem Holdings is not participating in any 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.
