- Increasingly frequent occurrence of extreme weather events.
- More stringent laws and regulations to limit carbon emissions.
- Increased carbon emission compliance costs due to the national carbon emission trading market.
- Increased investment needed to improve methane emission monitoring and control.
- Potential constraints caused by carbon peaking and carbon neutrality targets.
- Development of new energy vehicles.
- Increased concerns from stakeholders regarding climate change.
China Petroleum & Chemical Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Petroleum & Chemical Corporation disclosed greenhouse gas emissions of 168.64 million tonnes CO2-equivalent. By scope: Scope 1: 137.72 million tonnes CO2-equivalent; Scope 2: 26.36 million tonnes CO2-equivalent. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
168.64 million tonnes CO2-equivalent
2023
Water Usage
622.8 million cubic meters
2023
Waste
1.8K thousand tonnes (solid waste)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 137.72 million tonnes CO2-equivalent |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 26.36 million tonnes CO2-equivalent |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 168.64 million tonnes CO2-equivalent |
| 2022 | 161.79 million tonnes CO2e |
| 2020 | 170.94 million tonnes CO2e |
| 2019 | 170.69 million tonnes CO2-equivalent |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced comprehensive energy consumption per RMB 10,000 of production value by 2.6% year-on-year.
- Reduced GHG emissions by 23.67 million tonnes from 2018 to 2023.
- Captured 1.749 million tonnes of carbon dioxide (14% increase year-on-year).
- Recovered approximately 874 million cubic meters of methane (4.8% increase year-on-year).
- Comprehensive utilization rate of industrial solid waste reached 90.2%.
- Industrial fresh water intake reduced by 1%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce methane emission intensity by 50% by 2025.
📅 Medium-term
- Build a 100,000 tonnes/year bio-jet fuel project relying on existing refining enterprises during the 14th Five-Year Plan period.
🔭 Long-term
- Achieve carbon neutrality
🌱 ESG Focus Areas
Climate ChangeEnvironmental ProtectionSocial ResponsibilityCorporate Governance