Sinopec Limited, officially known as China Petroleum & Chemical Corporation, is a leading player in the crude petroleum industry, headquartered in Beijing, China. Founded in 2000, Sinopec has rapidly established itself as a key provider of crude oil extraction services, excluding surveying, and operates extensively across major regions in China and internationally.
The company excels in various sectors, including oil refining, petrochemical production, and natural gas exploration, offering a diverse range of core products and services. Sinopec's commitment to innovation and sustainability sets it apart in the competitive landscape, making it a preferred choice for energy solutions. With significant achievements in production capacity and environmental initiatives, Sinopec continues to solidify its position as one of the largest oil and gas companies globally, contributing to the energy needs of millions.
-5 vs industry average
Sinopec’s score of 11 is lower than 34% 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
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sinopec's reported carbon emissions
Sinopec, a major player in crude petroleum and services related to crude oil extraction, headquartered in China, has reported Scope 1 and Scope 2 emissions for several years, with Scope 3 data not yet disclosed.
For the reporting year 2024, Sinopec reported Scope 1 emissions of approximately 139.1 billion kg CO2e and Scope 2 emissions of about 28.9 billion kg CO2e, totalling approximately 168.0 billion kg CO2e for Scope 1 and 2 combined. This represents a slight decrease from the previous year.
In 2023, Scope 1 emissions were approximately 142.3 billion kg CO2e, and Scope 2 emissions were around 26.4 billion kg CO2e, resulting in a combined total of about 168.6 billion kg CO2e.
The company's emissions for 2022 were approximately 137.7 billion kg CO2e for Scope 1 and about 24.1 billion kg CO2e for Scope 2, bringing the combined total to roughly 161.8 billion kg CO2e.
Looking further back, in 2021, Sinopec recorded Scope 1 emissions of approximately 148.4 billion kg CO2e and Scope 2 emissions of about 24.2 billion kg CO2e, summing to approximately 172.6 billion kg CO2e.
In 2020, total emissions (Scope 1 and 2) stood at approximately 170.9 billion kg CO2e, with Scope 1 accounting for about 128.6 billion kg CO2e and Scope 2 for roughly 42.4 billion kg CO2e.
For 2019, Sinopec reported Scope 1 emissions of approximately 125.7 billion kg CO2e and Scope 2 emissions of around 45.0 billion kg CO2e, totalling about 170.7 billion kg CO2e.
In 2018, Scope 1 emissions were approximately 128.6 billion kg CO2e, and Scope 2 emissions were about 43.0 billion kg CO2e, with a combined total of approximately 171.5 billion kg CO2e.
The earliest available data for 2017 indicates Scope 1 emissions of approximately 123.1 billion kg CO2e and Scope 3 emissions of about 39.6 billion kg CO2e. Scope 2 data is not explicitly detailed for this year.
Sinopec's climate commitments are not detailed in the provided information, and there are no specific reduction targets or achievements mentioned, nor any involvement with the Science Based Targets initiative (SBTi) or the Climate Pledge. The company's emissions data is not cascaded from a parent organisation.
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Sinopec’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Sinopec yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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