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 total carbon emissions of approximately 168,640,000,000 kg CO2e, comprising 142,280,000,000 kg CO2e from Scope 1 and 26,360,000,000 kg CO2e from Scope 2 emissions. The company has disclosed emissions data across all three scopes, with significant contributions from Scope 3 emissions, which were not detailed for the latest year. Over the past few years, Sinopec has shown a trend of fluctuating emissions. In 2022, total emissions were about 161,790,000,000 kg CO2e, with Scope 1 emissions at 137,720,000,000 kg CO2e and Scope 2 at 24,070,000,000 kg CO2e. The company has not set specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. Sinopec's emissions intensity has varied, with a reported intensity of approximately 0.25021 kg CO2e per unit of revenue in 2023. The company continues to operate within the global oil and gas sector, which faces increasing scrutiny regarding carbon emissions and climate impact. As such, Sinopec's future strategies may need to align with broader industry trends towards sustainability and emissions reduction.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
