Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Security
• Modern Chemical Industry Development
• Green and Low-Carbon Development
• Rural Revitalization
• Global Corporate Citizenship

Environmental Achievements

• Completed the largest environmental protection action plan ('clear water and blue sky' plan) in Chinese enterprise history (2013-2017), investing 20.9 billion yuan.
• Launched China's largest full industry chain Green Enterprise Action Plan in 2018; all subsidiaries are now green enterprises.
• Built and put into operation China's first million-ton CCUS project, reducing CO2 emissions by 1 million tons per year.
• Recovered about 834 million cubic meters of methane, reducing greenhouse gas emissions by 12.5 million tons of CO2 equivalent.
• Reduced total emissions of sulfur dioxide and nitrogen oxides by more than 4% year-on-year.

Social Achievements

• All 750 villages in 8 counties allotted to Sinopec for support and aid were lifted out of poverty.
• Ran the 'Sinopec Brightness' Health Express project for 19 consecutive years, treating over 52,000 cataract patients free of charge.
• Built 5,415 'love stations' and 3,586 'driver's homes' for outdoor workers.
• Ran the 'The Gas Station That Cares - A Better Road Home' public welfare project for 11 consecutive years, serving over 57.8 million home-bound workers.
• Launched the 'Spring Bud Nursery' public welfare project to help girls' development.

Governance Achievements

• Established a normative board of directors in April 2012.
• Set up five special committees (Strategy and Investment, Nomination, Remuneration and Appraisal, Audit and Risk, and Corporate Social Responsibility) to advise decision-making.
• Achieved 100% rectification completion rate for problems found in audits.
• Maintained a 100% legal review rate for corporate rules, regulations, contracts, and major decisions.

Climate Goals & Targets

Environmental Challenges

• Meeting the growing demand for energy while ensuring national energy security.
• Accelerating the energy transition and reducing carbon emissions.
• Maintaining safe and efficient operations across a large and complex organization.
• Managing risks associated with international operations.

Mitigation Strategies

• Increased investment in oil and gas exploration and renewable energy development.
• Implemented the 'eight actions' for carbon peaking, including optimizing energy mix, upgrading refining and chemical industry, and improving clean energy supply.
• Strengthened safety management systems and training programs.
• Implemented robust risk management frameworks and procedures for international projects.

Supply Chain Management

Supplier Audits: 1437 onsite reviews of suppliers

Responsible Procurement

• Strict qualification reviews of suppliers
• Green procurement of energy-conserving and environmentally friendly products
• Implementation of a market integrity system

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of clean energy technologies
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs, CASS-CSR4.0

Certifications: Null

Third-party Assurance: China Corporate Social Responsibility Report Rating Expert Committee

UN Sustainable Development Goals

• 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 16, 17

The report aligns with multiple UN SDGs through various initiatives.

Sustainable Products & Innovation

• Bio-aviation fuel
• Degradable materials
• High-end polyolefin materials

Awards & Recognition

• Five-star-plus rating from China Corporate Social Responsibility Report Rating Expert Committee
• 2022 Continuing Engineering Education Enterprise Leadership Award from IACEE