Sinopec Honored for Social Responsibility at Sino-European Conference on ESG Best Practices

Sinopec Recognized for Excellence in ESG Practices

On June 26, 2026, during the third Sino-European Conference focused on ESG (Environmental, Social, and Governance) best practices, China Petroleum & Chemical Corporation, also known as Sinopec, received the prestigious 'Social Responsibility Best Practice' award. This recognition was given for its innovative approach to green development and a committed strategy toward managing CO₂ emissions along the entire value chain.

The award was presented by Huang Yiyang, the Consul General of the People's Republic of China in Frankfurt, applauding Sinopec’s contributions. The initiative titled "Innovation-Driven Green Development – Shared Responsibility for a Sustainable Future" was particularly noted for its comprehensive CO₂ management approach that meets both Chinese and European standards.

Sinopec's CO₂ Management Strategy

Sinopec has established a robust CO₂ management system that governs products throughout their lifecycle, which is critical in addressing global climate change challenges. Notably, Sinopec became the first company to achieve mutual recognition with BASF in the domain of CO₂ accounting, thus creating a transferable model for cross-border green cooperation.

As part of its commitment to green energy supply and low-carbon technology research, Sinopec’s practices emphasize the importance of CO₂ accounting in the supply chain. Their participation in the conference underlined their dedication to the 'dual-carbon' goals that China aims to achieve, setting a practical benchmark for implementing ESG benchmarks in the global energy and chemical industries.

Key Themes from the Conference

During the event, a keynote address titled "Cleaner Energy, Better Life – Deepening Green Cooperation between China and Europe for a Low-Carbon Energy Future" was delivered by a Sinopec representative. The slogan, 'Cleaner Energy, Better Life,' encapsulated Sinopec’s principles regarding a green and low-carbon development trajectory, serving as a testament to their global commitment.

The presentation emphasized that a sustainable green development is a collective concern for humanity and highlighted the significant collaboration potential between China and Europe in tantamount areas. The conference served as an open platform for professional exchanges aimed at encouraging both Chinese and European businesses to foster sustainable development and collaboratively design a roadmap toward a greener future.

Sinopec's Ongoing Initiatives and Future Plans

Aligned with its dual-carbon ambitions, Sinopec has placed the management of CO₂ emissions at the forefront of its ESG agenda, striving to align with international standards and bolster its global competitiveness. The company has constructed a comprehensive framework for CO₂ management that is anchored in strong leadership, lifecycle coverage, and integration with national and international CO₂ management systems.

Sinopec also fosters proactive collaborations aimed at mutual recognition of CO₂ footprint measurement methodologies with European partners. This resulted in the alignment of accounting standards with BASF, supporting the transition of the global chemical industry towards a low-carbon economy. Furthermore, Sinopec has woven low-carbon requirements into all procurement processes, expanding CO₂ management from internal operations to the entire value chain, continuously driving eco-friendly improvements across the supply chain.

For additional insights about Sinopec and its initiatives, you can visit Sinopec's official website.