Sinopec Engineering Group Co Ltd

Common Name
Sinopec Engineering Group
Country
China (Mainland)
Sector
Industrials
Industry
Engineering & Construction
Employees
15,935
Ticker
2386
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Sinopec Engineering Group Co. Ltd. is a prominent engineering corporation that specializes in providing integrated technical and construction services. The company primarily focuses on the oil refinin...

Sinopec Engineering Group's Climate Target Data Preview

As of 2023, Sinopec Engineering Group has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sinopec Engineering Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue
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a
2025
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Verified Sources Behind Sinopec Engineering Group’s Climate Targets Data

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a. Sinopec Engineering Group's ESG Report 2023
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Insights into Sinopec Engineering Group's Greenhouse Gas Emissions Pathways

As of 2023, Sinopec Engineering Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Sinopec Engineering Group have a target to reduce the emissions from its operations?

As of 2023, Sinopec Engineering Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Sinopec Engineering Group's most ambitious operational target is to reduce these emissions by 5.7% by 2025, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Renminbi/Chinese Yuan (RMB) of Revenue in 2021. a

Instead of reducing operational emissions, Sinopec Engineering Group has increased them, with 2023 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a

Sinopec Engineering Group's Operational (Scope 1+2) Emissions Pathway

20212023202500000Current (+2%)
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