Sinopec
Sinopec Limited, officially known as China Petroleum & Chemical Corporation, is a leading player in the global energy sector, headquartered in Beijing, China. Founded in 2000, Sinopec has rapidly evolved into one of the largest oil and gas companies worldwide, with significant operations across Asia, Africa, and the Americas. The company primarily focuses on refining, petrochemicals, and natural gas, offering a diverse range of products including fuels, lubricants, and chemical materials. Sinopec is renowned for its commitment to innovation and sustainability, positioning itself as a pioneer in green energy initiatives. With a robust market presence, Sinopec consistently ranks among the top companies in the Fortune Global 500, reflecting its substantial contributions to the energy industry and its strategic importance in the global market.
DitchCarbon Score
How does Sinopec'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 Crude Oil Extraction 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
Sinopec's score of 18 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sinopec's reported carbon emissions
In 2023, Sinopec reported total carbon emissions of approximately 168,640,000 kg CO2e, comprising 137,720 kg CO2e from Scope 1, 20,360 kg CO2e from Scope 2, and 146,700 kg CO2e from Scope 3 emissions. This reflects a significant reduction in emissions compared to previous years, particularly in Scope 1 and Scope 2 emissions, which were 148,380,000 kg CO2e and 24,180,000 kg CO2e respectively in 2021. Over the years, Sinopec has demonstrated a commitment to reducing its carbon footprint. In 2022, the company reported total emissions of approximately 161,790,000 kg CO2e, with Scope 1 emissions at 161,790 kg CO2e, Scope 2 at 24,070 kg CO2e, and Scope 3 at 139,820 kg CO2e. This indicates a trend towards lower emissions, particularly in Scope 1 and Scope 2 categories. Despite these reductions, Sinopec has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to operate within the context of the global oil and gas industry, which faces increasing pressure to enhance sustainability and reduce greenhouse gas emissions.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 172,560,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000 | 000,000 |
| Scope 2 | 1,519,800,000,000 | 0,000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000 | 00,000 |
| Scope 3 | 717,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000 | 000,000 |
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.
Sinopec is not committed to any reduction initiatives 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.
