Sinopec Sustainability Profile
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 lower than 61% 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 from Scope 1 and about 28,860,000,000 kg CO2e from Scope 2, resulting in a combined total of around 167,950,000,000 kg CO2e. This marks a slight decrease from 2023, where emissions were approximately 142,280,000,000 kg CO2e for Scope 1 and about 26,360,000,000 kg CO2e for Scope 2, totalling around 168,640,000,000 kg CO2e. Sinopec's emissions data is sourced directly from the company and does not include Scope 3 emissions. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The emissions figures reflect Sinopec's ongoing operations as a major player in the petrochemical industry, with emissions primarily stemming from its production processes. The company is part of the China Petrochemical Corporation, which may influence its overall emissions performance and reporting. Sinopec's commitment to addressing climate change remains unclear, as no formal reduction initiatives or targets have been disclosed.
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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 | - | - | - | - | - | - | - |
How Carbon Intensive is Sinopec's Industry?
How Carbon Intensive is Sinopec's Location?
Sinopec'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 has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
