In 2024, CNPC Capital completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
CNPC Capital has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 671.28a | 158.67a | 192.45a | |
Total Scope 2 | ||||
Market-Based | 3,996.86a | N/A | N/A | |
Location-Based | 6,219.27a | 4,691.56a | 4,900.84a | |
Total Scope 3 | 2,355.15a | 2,639.64a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1255a | 0.0289a | 0.0413a |
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In 2024, the total operational greenhouse gas (GHG) emissions of CNPC Capital amounted to 6,890.55 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of CNPC Capital increased by 42.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of CNPC Capital were 671.28 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, CNPC Capital's Scope 1 emissions have increased by 248.81%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), CNPC Capital's Scope 1 emissions increased by 323.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, CNPC Capital reported Scope 2 greenhouse gas (GHG) emissions of 3,996.86 tCO₂e using the market-based method and 6,219.27 tCO₂e using the location-based method.a
Since 2022, CNPC Capital's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 26.9%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), CNPC Capital's Scope 2 emissions (Location-Based) rose by 32.56% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, CNPC Capital reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, CNPC Capital reported 2,355.15 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of CNPC Capital includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, CNPC Capital reported total Scope 3 emissions of 2,355.15 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), CNPC Capital's Scope 3 emissions decreased by 10.78%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, CNPC Capital reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to CNPC Capital's Scope 3 emissions were:a
In 2024, CNPC Capital reported Scope 1 greenhouse gas (GHG) emissions of 671.28 tCO₂e and total revenues of USD 5,349 millions. This translates into an emissions intensity of 0.13 tCO₂e per millions USD.a
In 2024, CNPC Capital reported a Scope 1 emissions intensity of 0.13 tCO₂e per millions USD. Compared to the peer group median of 0.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, CNPC Capital ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
CNPC Capital is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, CNPC Capital reported a total carbon footprint of 9,245.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.44% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to CNPC Capital's total carbon footprint was Scope 2 emissions, accounting for 67.27% of the company's total carbon footprint, followed by Scope 3 emissions at 25.47%.a