Sinopec has been awarded the "Social Responsibility Best Practice" honour at the third Sino-European Corporate ESG Best Practice Conference, held on June 26 in Mainz, Germany, in recognition of its end-to-end carbon management strategy and commitment to sustainable development.

 

The company received the award for its submission, "Innovation-Driven Green Development, Shared Responsibility for a Sustainable Future," which was recognised for its comprehensive full-chain carbon management practices.

 

At the heart of Sinopec's ESG strategy is product carbon footprint management. The company has established a carbon management system covering the entire product lifecycle while aligning with both Chinese and European standards. 

 

Sinopec also became the first company to achieve mutual recognition with BASF on carbon footprint accounting, creating what it describes as a replicable model for cross-border green collaboration.

 

The company's initiatives span green energy supply, low-carbon technology research and development, and supply chain carbon assessment, reinforcing its support for China's "dual carbon" goals while strengthening ESG practices across the global energy and chemical sectors.

 

During the conference, a Sinopec representative delivered a keynote address, titled Cleaner Energy, Better Life: Deepening China-Europe Green Cooperation for a Low-Carbon Energy Future.

 

"Cleaner Energy, Better Life" serves as both Sinopec's guiding principle for green and low-carbon development and its solemn commitment to the world.

 

The speech noted that "green and low-carbon development is a shared pursuit of all humanity and that China and Europe have vast potential for cooperation in this field."

 

The conference serves as a professional platform promoting collaboration between Chinese and European companies to advance sustainable development and foster a greener future.

 

As part of its "Dual Carbon" strategy, Sinopec has made product carbon footprint management a central pillar of its ESG agenda, building a comprehensive carbon management framework supported by top-level governance, full lifecycle coverage, and integration with both domestic and international carbon management systems.

 

The company has also expanded cooperation with European partners by advancing mutual recognition of carbon footprint methodologies. Its alignment of accounting standards with BASF is aimed at supporting the low-carbon transformation of the global chemical industry.

 

Beyond its own operations, Sinopec has integrated low-carbon requirements into procurement processes, extending carbon footprint management across its supply chain to accelerate green transformation throughout the industrial value chain.