Sinopec Receives Prestigious Award for Social Responsibility Best Practices at ESG Conference

Sinopec Recognized for Social Responsibility Best Practice

On June 26, 2026, China Petroleum & Chemical Corporation, better known as Sinopec, was awarded the prestigious title of "Social Responsibility Best Practice" during the third Sino-European Corporate ESG Best Practice Conference, held in Mainz, Germany. This honor is a testament to Sinopec's ongoing efforts towards sustainability and responsible corporate practices.

Sinopec's award-winning submission, entitled "Innovation-Driven Green Development, Shared Responsibility for a Sustainable Future," highlighted the company's comprehensive carbon management strategy that encompasses the entire product lifecycle. These initiatives have positioned Sinopec as a leader in meeting both Chinese and European standards for carbon management.

The award was presented by Huang Yiyang, the Consul General of the People's Republic of China in Frankfurt, to a representative from Sinopec, marking a significant recognition of the corporation's ongoing commitment to environmental sustainability. Sinopec has become the first company to achieve mutual recognition of carbon footprint accounting methodologies with BASF, thereby creating a replicable model for cross-border green collaborations in the chemical sector.

At the conference, a Sinopec representative delivered a keynote speech titled "Cleaner Energy, Better Life: Deepening China-Europe Green Cooperation for a Low-Carbon Energy Future." The address underscored the importance of green and low-carbon development as a collective ambition of humanity. He also noted that the abundant potential for cooperation between China and Europe could pave the way for significant advancements in sustainable practices.

Sinopec's leadership in green energy supply, research and development of low-carbon technologies, and thorough carbon assessments of its supply chain reiterate the company's commitment to furthering China's "dual carbon" goals. By establishing product carbon footprint management as a core strategic pillar of its ESG agenda, Sinopec aims to align with international standards while enhancing its global competitiveness.

The comprehensive carbon management framework developed by Sinopec is supported by top-tier governance and encompasses all stages of the product lifecycle. Furthermore, the company's proactive strategy includes embedding low-carbon requirements throughout its procurement processes. This integrative approach not only facilitates internal operations but also extends to the broader industrial chain, prompting green upgrades across the supply chain.

Sinopec's commitment to open collaboration is reflected in its intention to drive mutual recognition of carbon footprint methodologies with European counterparts, with the aim of supporting the low-carbon transformation of the global chemical industry. As the company continues to advance these sustainable practices, it sets a significant benchmark for ESG implementation within the energy and chemical sectors worldwide.

For more information regarding Sinopec and its initiatives in sustainable development, please visit Sinopec's official website.