Sinopec Kantons Holdings
Sinopec Kantons Holdings Limited, often referred to as Sinopec Kantons, is a prominent player in the Other Business Services sector, headquartered in Hong Kong. Established in 1997, the company has carved a niche in providing comprehensive logistics and supply chain solutions, primarily serving the energy and petrochemical industries across Asia.
With a focus on enhancing operational efficiency, Sinopec Kantons offers a range of core services, including storage, transportation, and distribution of petroleum products. Its commitment to innovation and sustainability sets it apart in a competitive market. Over the years, the company has achieved significant milestones, solidifying its position as a trusted partner in the energy sector. Through strategic expansions and a robust service portfolio, Sinopec Kantons continues to thrive, contributing to the evolving landscape of business services in the region.
+10 vs industry average
Sinopec Kantons Holdings’s score of 43 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services is among the least carbon-intensive industries
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sinopec Kantons Holdings's reported carbon emissions
Sinopec Kantons Holdings, headquartered in Hong Kong, is an organisation operating within the "Other business services (74)" industry. For the reporting year 2024, the company reported total GHG emissions of approximately 26.1 billion kg CO2e. This figure comprises Scope 1 emissions of approximately 1.2 million kg CO2e and Scope 2 emissions of approximately 24.8 million kg CO2e, with Scope 3 emissions reported at approximately 114.2 thousand kg CO2e.
In 2023, Sinopec Kantons Holdings recorded total GHG emissions of approximately 26.5 billion kg CO2e, with Scope 1 emissions at approximately 1.2 million kg CO2e and Scope 2 emissions at approximately 25.3 billion kg CO2e. Scope 3 emissions for that year were approximately 60.0 thousand kg CO2e. The company's emissions for 2022 totalled approximately 25.6 billion kg CO2e, with Scope 1 at about 1.1 million kg CO2e and Scope 2 at approximately 24.5 billion kg CO2e. Scope 3 emissions for 2022 were approximately 26.3 thousand kg CO2e. Prior to this, in 2021, total emissions were approximately 42.2 billion kg CO2e, comprising Scope 1 emissions of about 1.6 million kg CO2e and Scope 2 emissions of approximately 40.6 billion kg CO2e. Scope 3 emissions in 2021 were approximately 16.5 thousand kg CO2e. For 2020, total emissions were approximately 42.2 billion kg CO2e, with Scope 1 emissions at about 1.8 million kg CO2e and Scope 2 emissions at approximately 40.3 billion kg CO2e. Scope 3 emissions for 2020 were approximately 24.1 thousand kg CO2e.
Sinopec Kantons Holdings has established climate commitments. Notably, the company aims for a decrease in GHG emission per kilotonne business volume by 42.0% by 2025, using 2020 as the baseline. This target specifically addresses Scope 2 emissions. Additionally, there is a near-term target for a decrease in NOx emission per kilotonne business volume by 25.0% by 2025, also based on a 2020 baseline, which relates to Scope 1 emissions.
The company's climate performance data is sourced from Sinopec Kantons Holdings Limited itself, with a cascade level of 0 for performance sources. However, its participation in climate initiatives like Climate Action 100+ is cascaded from its ultimate parent, China Petroleum & Chemical Corporation, at cascade level 3.
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Sinopec Kantons Holdings’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Sinopec Kantons Holdings
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