Sinopec Kantons Holdings Sustainability Profile
Sinopec Kantons Holdings Limited, commonly referred to as Sinopec Kantons, is a prominent player in the energy and logistics sector, headquartered in Hong Kong. Established in 1997, the company has made significant strides in the oil and gas industry, focusing on the transportation and storage of petroleum products, as well as the development of related infrastructure. With operations primarily in China and expanding into international markets, Sinopec Kantons is renowned for its core services, including oil and gas logistics, storage tank services, and pipeline construction. The company distinguishes itself through its commitment to safety, efficiency, and environmental sustainability. As a subsidiary of Sinopec Limited, one of the largest oil and gas companies globally, Sinopec Kantons has solidified its market position, achieving notable milestones in operational excellence and service delivery within the energy sector.
DitchCarbon Score
How does Sinopec Kantons 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 Business Services 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 Kantons Holdings's score of 50 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sinopec Kantons Holdings's reported carbon emissions
In 2024, Sinopec Kantons Holdings, headquartered in Hong Kong, reported total carbon emissions of approximately 26,145,641 kg CO2e. This figure includes 1,186,327 kg CO2e from Scope 1 emissions, 24,845,145 kg CO2e from Scope 2 emissions, and 114,169 kg CO2e from Scope 3 emissions. In 2023, the company recorded total emissions of about 26,544,617 kg CO2e, with Scope 1 emissions at 1,200,881 kg CO2e, Scope 2 emissions at 25,283,720 kg CO2e, and Scope 3 emissions at 60,015 kg CO2e. Sinopec Kantons Holdings has set ambitious reduction targets, aiming for a 42% decrease in greenhouse gas emissions per kilotonne of business volume by 2025, using 2020 as the baseline. Additionally, the company targets a 25% reduction in nitrogen oxides (NOx) emissions per kilotonne of business volume within the same timeframe. The emissions data for Sinopec Kantons Holdings is cascaded from its parent company, China Petroleum & Chemical Corporation, reflecting the broader corporate commitment to sustainability. The company is actively working towards reducing its carbon footprint while aligning with industry standards for climate action.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 148,380,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 24,180,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000 | 00,000 | 000,000 |
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Sinopec Kantons 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.
Sinopec Kantons Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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