SINOPEC Qilu Company Limited Sustainability Profile
SINOPEC Qilu Company Limited, a prominent subsidiary of the Sinopec Group, is headquartered in China (CN) and operates primarily in the Shandong province. Established in 1993, the company has made significant strides in the petrochemical industry, focusing on refining, chemical production, and the manufacture of high-quality petrochemical products. With a diverse portfolio that includes ethylene, propylene, and various specialty chemicals, SINOPEC Qilu stands out for its commitment to innovation and sustainability. The company has achieved notable milestones, including advancements in refining technology and a strong emphasis on environmental protection. As a key player in the global petrochemical market, SINOPEC Qilu Company Limited is recognised for its robust production capacity and strategic partnerships, solidifying its position as a leader in the industry.
DitchCarbon Score
How does SINOPEC Qilu Company Limited'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 Qilu Company Limited's score of 11 is lower than 52% 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 Qilu Company Limited, headquartered in China, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of China Petroleum & Chemical Corporation, which may influence its climate commitments and performance metrics. As of now, SINOPEC Qilu has not established any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given its affiliation with China Petroleum & Chemical Corporation, any climate commitments or emissions data may be cascaded from this parent organization. However, without explicit targets or figures from SINOPEC Qilu, it is challenging to assess its individual contributions to carbon reduction or climate action. In summary, SINOPEC Qilu Company Limited currently lacks detailed emissions data and specific climate commitments, reflecting a potential area for future development in sustainability practices within the industry.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 148,380,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
| Scope 2 | 24,180,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is SINOPEC Qilu Company Limited's Industry?
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SINOPEC Qilu Company Limited'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 Qilu Company Limited 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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