Sinochem Holdings Sustainability Profile
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 68% 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 significant carbon emissions, totalling approximately 2,204,876,000 kg CO2e for Scope 1 and about 1,754,393,000 kg CO2e for Scope 2 on a global scale. In Hong Kong, the company emitted around 4,100 kg CO2e (Scope 1) and approximately 34,440 kg CO2e (Scope 2), resulting in a combined total of about 38,620 kg CO2e for Scope 1 and 2. Sinochem Holdings has set ambitious long-term climate commitments in alignment with national goals for carbon neutrality. The company aims to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. These targets encompass both Scope 1 and Scope 2 emissions, with a strategic focus on promoting clean energy and developing low-carbon technologies. The initiatives include comprehensive carbon footprint accounting across its subsidiaries and the exploration of innovative pathways for emission reductions. The company's commitment to sustainability is further underscored by its strategic plans to implement carbon peaking and neutrality as essential components of its operational framework, thereby contributing to sustainable development.
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| 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 26,564,870 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Sinochem Holdings's Industry?
How Carbon Intensive is Sinochem Holdings's Location?
Sinochem Holdings'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.
Sinochem Holdings 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.
