China Petroleum & Chemical Corp., or Sinopec, has received the Corporate Social Responsibility Best Practice Award at the 3rd Sino-European Corporate ESG Best Practice Conference in Mainz, Germany, for its case study on carbon footprint management and low-carbon development. The conference jury noted that Sinopec has developed a carbon management framework covering the full product life cycle and aligning with both Chinese and European standards. It highlighted the company's collaboration with German chemical producer BASF to achieve mutual recognition of carbon footprint accounting methodologies as a milestone for greener international supply chain cooperation. Sinopec's efforts span green energy supply, low-carbon technology development, and supply chain carbon assessment, providing a practical example of ESG implementation in the global energy and chemicals sector. A Sinopec representative delivered a keynote speech emphasizing that green and low-carbon development is a shared global objective and that the conference serves as an open platform for Chinese and European companies to strengthen dialogue on ESG and sustainable development.
BASF SEBASF is highlighted as a collaborator with Sinopec on carbon footprint mutual recognition, supporting its ESG positioning.
China Petroleum & Chemical Corp Class ASinopec receives CSR award for carbon management and low-carbon development, enhancing ESG reputation and regulatory alignment.
Sinopec Oilfield Service Corp