Sinochem Energy
Sinochem Energy Co., Ltd. is a state-owned integrated oil and gas company headquartered in China. In 2020, it had USD 80.38 billion in revenue and a reported 60,049 employees*. Sinochem Energy is a leading petroleum and petrochemicals business operator and service provider in China. The company has been increasing its oil and gas output and discloses no low-carbon transition plan or targets.
- Ranking position
- #90 /100
- Total score
- 1.0 /100
- Performance score
- 0.4 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Sinochem Energy receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With its heavy reliance on high emissions-intensive coking technology for its refining operations, the company is not on track to decarbonise and align with its 1.5°C pathway. Moreover, the company’s lack of transparency on its low-carbon business model and strategy indicates that it is unlikely to improve its performance.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Beijing, China
- Group revenue
- USD 80.38 billion
- Ownership structure
- State owned
- Number of employees
- 60,049
- Scope of activity
- Integrated
- Website
- http://www.sinochemenergy.com/