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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

13.0 /100 #19

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

0.0 /100 #91

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

0.0 /100 #97

Business Model

0.0 /100 #52

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

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/