STOCK TITAN

Sinopec Announces the Launch of Carbon Footprint Alliance to Drive Green Development in Energy and Chemicals

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

China Petroleum & Chemical (Sinopec) has launched the Energy and Chemical Industry Chain Carbon Footprint Alliance in Beijing. This initiative, joined by eight leading Chinese energy and chemical companies, aims to establish a carbon footprint management system by 2027. The alliance's goals include:

1. Developing carbon footprint accounting standards for 20 key products
2. Creating a localized product carbon footprint factor database
3. Fostering international exchange and mutual standard recognition

Sinopec's Deputy General Manager, Wan Tao, emphasized the company's commitment to clean fossil fuels, renewable energy, and carbon reduction in manufacturing. Since 2015, Sinopec has evaluated nearly 100 products across 40 companies for carbon footprint accounting and plans to extend carbon footprint information modules to all enterprises.

La Cina Petrolifera e Chimica (Sinopec) ha lanciato ad Pechino l'alleanza per la riduzione dell'impronta di carbonio nella catena dell'industria energetica e chimica. Iniziativa che ha visto la partecipazione di otto importanti aziende cinesi del settore, ha l'obiettivo di stabilire un sistema di gestione dell'impronta di carbonio entro il 2027. Gli obiettivi dell'alleanza includono:

1. Sviluppare standard di contabilizzazione dell'impronta di carbonio per 20 prodotti chiave
2. Creare un database locale dei fattori di impronta di carbonio dei prodotti
3. Favorire lo scambio internazionale e il riconoscimento reciproco degli standard

Il Vice Direttore Generale di Sinopec, Wan Tao, ha sottolineato l'impegno dell'azienda per i , le energie rinnovabili e la riduzione di carbonio nella produzione. Dal 2015, Sinopec ha valutato quasi 100 prodotti in 40 aziende per la contabilizzazione dell'impronta di carbonio e intende estendere i moduli informativi sull'impronta di carbonio a tutte le imprese.

China Petroleum & Chemical (Sinopec) ha lanzado en Pekín la Alianza de Huella de Carbono de la Cadena de la Industria Energética y Química. Esta iniciativa, en la que participan ocho importantes empresas chinas del sector, tiene como objetivo establecer un sistema de gestión de huellas de carbono para 2027. Los objetivos de la alianza incluyen:

1. Desarrollar estándares de contabilidad de huella de carbono para 20 productos clave
2. Crear una base de datos localizada de factores de huella de carbono de productos
3. Fomentar el intercambio internacional y el reconocimiento mutuo de estándares

Wan Tao, Subgerente General de Sinopec, enfatizó el compromiso de la empresa con los combustibles fósiles limpios, la energía renovable y la reducción de carbono en la fabricación. Desde 2015, Sinopec ha evaluado casi 100 productos en 40 empresas para la contabilidad de huellas de carbono y planea extender los módulos de información sobre huellas de carbono a todas las empresas.

중국 석유화학 회사인 시노펙(China Petroleum & Chemical)이 베이징에서 에너지 및 화학 산업 체인 탄소 발자국 얼라이언스를 출범했습니다. 8개의 주요 중국 에너지 및 화학 기업들이 참여하는 이 이니셔티브는 2027년까지 탄소 발자국 관리 시스템을 구축하는 것을 목표로 하고 있습니다. 얼라이언스의 목표는 다음과 같습니다:

1. 20개 주요 제품에 대한 탄소 발자국 회계 기준 개발
2. 현지화된 제품 탄소 발자국 요인 데이터베이스 생성
3. 국제 교류 및 상호 기준 인식 촉진

시노펙의 부사장인 완타오(Wan Tao)는 회사의 청정 화석 연료, 재생 에너지, 탄소 감소에 대한 약속을 강조했습니다. 2015년 이후, 시노펙은 탄소 발자국 회계를 위해 40개 기업에서 거의 100개의 제품을 평가했으며, 모든 기업에 탄소 발자국 정보 모듈을 확장할 계획입니다.

China Petroleum & Chemical (Sinopec) a lancé à Pékin l'Alliance pour la Réduction de l'Empreinte Carbone de la Chaîne de l'Industrie Énergétique et Chimique. Cette initiative, à laquelle participent huit grandes entreprises chinoises du secteur, vise à établir un système de gestion de l'empreinte carbone d'ici 2027. Les objectifs de l'alliance incluent :

1. Développer des normes de comptabilisation de l'empreinte carbone pour 20 produits clés
2. Créer une base de données localisée des facteurs d'empreinte carbone des produits
3. Favoriser l'échange international et la reconnaissance mutuelle des normes

Wan Tao, directeur général adjoint de Sinopec, a souligné l'engagement de l'entreprise envers les combustibles fossiles propres, les énergies renouvelables et la réduction du carbone dans la fabrication. Depuis 2015, Sinopec a évalué près de 100 produits dans 40 entreprises pour la comptabilisation de l'empreinte carbone et prévoit d'étendre les modules d'information sur l'empreinte carbone à toutes les entreprises.

Die China Petroleum & Chemical Corporation (Sinopec) hat in Peking die Allianz zur Reduzierung des Kohlenstoff-Fußabdrucks in der Energiesektor- und Chemiebranche gegründet. Diese Initiative, an der acht führende chinesische Energie- und Chemieunternehmen teilnehmen, zielt darauf ab, bis 2027 ein Kohlenstoff-Fußabdruck-Managementsystem einzurichten. Die Ziele der Allianz umfassen:

1. Entwicklung von Standards zur Berechnung des Kohlenstoff-Fußabdrucks für 20 wichtige Produkte
2. Erstellung einer lokalisierten Datenbank für Produkt-Kohlenstoff-Fußabdruckfaktoren
3. Förderung des internationalen Austauschs und gegenseitiger Standards

Der stellvertretende General Manager von Sinopec, Wan Tao, betonte das Engagement des Unternehmens für saubere fossile Brennstoffe, erneuerbare Energien und Kohlenstoffreduktion in der Herstellung. Seit 2015 hat Sinopec fast 100 Produkte aus 40 Unternehmen hinsichtlich der Kohlenstoff-Fußabdruck-Berechnung bewertet und plant, die Module zur Kohlenstoff-Fußabdruckinformation auf alle Unternehmen auszuweiten.

Positive
  • Sinopec is leading the formation of a major industry alliance to develop carbon footprint management systems
  • The alliance aims to establish carbon footprint accounting standards for 20 key products by 2027
  • Sinopec has already evaluated carbon footprints for nearly 100 products across 40 companies since 2015
  • The company is expanding its use of renewable energy and implementing carbon reduction in manufacturing processes
Negative
  • None.

BEIJING, Aug. 1, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation  (HKG: 0386, "Sinopec") has announced the inauguration of the Energy and Chemical Industry Chain Carbon Footprint Alliance in Beijing, China. The initiative, spearheaded by eight leading Chinese companies in the energy and chemical sectors, including Sinopec, CNPC, and CNOOC, will see the alliance members jointly establish a carbon footprint management system with an improved carbon footprint calculation mechanism by 2027, empowering the sectors and China to accelerate the drive toward a low-carbon future.

The alliance issued a declaration for its missions, committing to creating a high-quality, open platform for sharing technical expertise and cooperation. The members are poised to establish a product carbon footprint management system and develop carbon footprint accounting standards for 20 key products by 2027, alongside a localized product carbon footprint factor database, fostering international exchange and mutual standard recognition to strengthen global climate governance.

A carbon footprint is the total greenhouse gas emissions generated directly and indirectly by an individual, organization, product, or state over a period. Standing at the forefront of global climate actions with its world-beating new energy innovation and ambitious pledge for carbon emission control, China has set carbon footprint management as a top priority, having mapped out a plan to set up a comprehensive system designed to calculate, evaluate, and certify key product carbon footprints in the next few years.

Highlighting Sinopec's green strategy and its contributions to global low-carbon development targets in recent years, Wan Tao, Deputy General Manager of Sinopec, noted that the company promotes the development of clean fossil fuels while expanding renewable energy use and carbon reduction in manufacturing processes. Together with alliance members, Sinopec aims to enhance collaboration, share information, and consolidate resources to establish a carbon footprint management system, steering the industry toward green and low-carbon development, he added.

Since 2015, Sinopec has led the way in product carbon footprint accounting within the industry, evaluating nearly 100 products across 40 companies. Sinopec has set up a plan to create a carbon footprint management system for its products, focusing on standards for carbon footprint accounting, database creation, and supply chain management. As of now, the company has completed the construction of carbon footprint information modules for six pilot enterprises and aims to extend the modules to all enterprises.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sinopec-announces-the-launch-of-carbon-footprint-alliance-to-drive-green-development-in-energy-and-chemicals-302212283.html

SOURCE SINOPEC

FAQ

What is the Energy and Chemical Industry Chain Carbon Footprint Alliance announced by Sinopec (SNPTY)?

The Energy and Chemical Industry Chain Carbon Footprint Alliance is an initiative launched by Sinopec and seven other leading Chinese energy and chemical companies to establish a carbon footprint management system by 2027, aiming to drive green development in the energy and chemicals sector.

What are the main objectives of the Carbon Footprint Alliance by 2027 for Sinopec (SNPTY)?

By 2027, the Alliance aims to establish a product carbon footprint management system, develop carbon footprint accounting standards for 20 key products, create a localized product carbon footprint factor database, and foster international exchange and mutual standard recognition.

How has Sinopec (SNPTY) contributed to carbon footprint management since 2015?

Since 2015, Sinopec has led the industry in product carbon footprint accounting, evaluating nearly 100 products across 40 companies. The company has also set up a plan to create a carbon footprint management system for its products and completed carbon footprint information modules for six pilot enterprises.

What is Sinopec's (SNPTY) strategy for green development in the energy sector?

Sinopec's green strategy includes promoting the development of clean fossil fuels, expanding renewable energy use, and implementing carbon reduction in manufacturing processes. The company aims to steer the industry toward green and low-carbon development through collaboration and resource consolidation with alliance members.

SNPTY

OTC:SNPTY

SNPTY Rankings

SNPTY Latest News

SNPTY Stock Data

72.46B
364.61M
0.16%
0.01%
Oil & Gas Integrated
Energy
Link
China
Beijing