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 7 is higher than 86% 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 carbon emissions of approximately 142,280,000,000 kg CO2e from Scope 1 and 26,360,000,000 kg CO2e from Scope 2, totalling about 168,640,000,000 kg CO2e for these scopes. The company has also disclosed emissions from Scope 3, which were not specified for 2023. Over the years, Sinopec has shown a trend of reducing its emissions. For instance, in 2020, the total emissions from Scope 1 and 2 were about 170,940,000,000 kg CO2e, which decreased to approximately 168,640,000,000 kg CO2e by 2023. This indicates a commitment to lowering its carbon footprint, although specific reduction targets or initiatives have not been detailed in their disclosures. Sinopec's emissions data reflects its ongoing efforts to address climate change, but the absence of formal reduction targets or climate pledges suggests that further commitments may be necessary to align with global climate goals. The company operates within a challenging industry context, where significant emissions are typical, yet the need for sustainable practices is increasingly critical.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 | 000,000,000,000 |
| Scope 2 | 1,519,800,000,000 | 0,000,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | 717,000,000,000 | 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.
