Sinopec Honored for Exceptional Environmental Practices

Author: Logan Wright Updated: 09-13-2024 11:54 PM

Sinopec Recognized for Environmental Excellence

China Petroleum & Chemical Corporation (Sinopec, HKG: 0386) recently achieved notable recognition for its environmental initiatives. The company was awarded the Best Environmental Protection Case at the First Sino-European Corporate ESG Best Practice Conference, which highlighted its significant contributions to sustainable development.

About the Conference

The event was held at the Congress Center Messe Frankfurt and brought together industry leaders to showcase exemplary cases from various sectors, such as environmental protection and technological innovation. It provided a platform to enhance dialogue between Chinese and European businesses, fostering greater cooperation in the aim of achieving sustainability.

Collaboration and Expertise

The conference featured KPMG as its knowledge partner, playing a vital role in the evaluation and selection process of awardees. Additionally, it was co-organized by prominent organizations such as the China Chamber of Commerce for Import and Export of Machinery and Electronic Products and the Frankfurt Chamber of Commerce, among others.

Commitment to Sustainable Practices

This recognition emphasizes Sinopec's commitment to environmental stewardship. Through continuous innovation and implementation of sustainable practices, the company aims to integrate environmental sustainability deeply into its operations. Yongsheng Yu, Managing Director of Sinopec Group Branding Department, expressed the company's strong dedication to the motto "Cleaner Energy, Better Life."

Sinopec’s Role in Energy Transition

As one of the planet's leading refining companies and the second-largest chemical product producer, Sinopec prioritizes balancing corporate development with societal welfare. The company has issued sustainability reports since 2007, continuously improving its ESG governance to address global challenges including climate change and energy security.

Future Initiatives

Sinopec is actively addressing essential global challenges. Its Board of Directors works to enhance the company's ESG governance structure and implement strategies that promote green and clean development. The company is dedicated to becoming a pioneer in low-carbon development and fostering a cleaner environment for future generations.

Frequently Asked Questions

1. What recent award did Sinopec receive?

Sinopec was awarded the Best Environmental Protection Case at the First Sino-European Corporate ESG Best Practice Conference.

2. Where was the conference held?

The conference took place at the Congress Center Messe Frankfurt.

3. Which organization partnered with the conference?

KPMG served as the knowledge partner for the conference.

4. What are Sinopec's main areas of focus in sustainability?

Sinopec focuses on environmental protection, energy transition, and implementing ESG principles in its operations.

5. How long has Sinopec been issuing sustainability reports?

Sinopec has been issuing sustainability reports since 2007, marking over 18 years of commitment to transparency in its ESG governance.

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