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 12 is higher than 90% 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's reported carbon emissions
In 2024, Sinopec reported total carbon emissions of approximately 139,090,000,000 kg CO2e for Scope 1 and about 28,860,000,000 kg CO2e for Scope 2, resulting in a combined total of around 167,950,000,000 kg CO2e for both scopes. In 2023, the company’s emissions were approximately 142,280,000,000 kg CO2e for Scope 1 and about 26,360,000,000 kg CO2e for Scope 2, leading to a total of around 168,640,000,000 kg CO2e. Over the past few years, Sinopec's emissions have shown fluctuations, with a notable decrease in Scope 1 emissions from approximately 148,380,000,000 kg CO2e in 2021 to 139,090,000,000 kg CO2e in 2024. However, there are no disclosed targets for emissions reduction or specific climate pledges, indicating a lack of formal commitments to reduce their carbon footprint. Sinopec has not reported any Scope 3 emissions data, which typically includes indirect emissions from the value chain. The absence of reduction targets or initiatives suggests that while the company is aware of its emissions, it may not have established a comprehensive strategy for significant long-term reductions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 128,570,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
| Scope 2 | 42,950,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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 participating in any of the initiatives that 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.
