Sinopec leads Carbon Footprint Alliance for green energy development

China Petroleum & Chemical Corporation (Sinopec) has announced the launch of the Energy and Chemical Industry Chain Carbon Footprint Alliance. This initiative, introduced in Beijing, China, is a collaborative effort among eight leading Chinese companies in the energy and chemical sectors, including Sinopec, CNPC, and CNOOC, to advance green development and drive a low-carbon future.

The Carbon Footprint Alliance aims to establish a robust carbon footprint management system by 2027, focusing on improving carbon footprint calculation mechanisms. This initiative will support the energy and chemical sectors in China as they transition towards sustainable practices. The alliance will create a high-quality platform for sharing technical expertise and cooperation among members. By 2027, it plans to develop carbon footprint accounting standards for 20 key products and establish a localised carbon footprint factor database to foster international collaboration and standard recognition.

Sinopec’s Deputy General Manager, Wan Tao, highlighted the company’s commitment to promoting clean fossil fuel development, expanding renewable energy use, and reducing carbon emissions in manufacturing processes. Sinopec aims to enhance collaboration with alliance members to establish a comprehensive carbon footprint management system that will guide the industry towards green and low-carbon development.

Sinopec has been at the forefront of product carbon footprint accounting since 2015, evaluating nearly 100 products across 40 companies. The company has developed a plan to create a carbon footprint management system, focusing on standards for carbon footprint accounting, database creation, and supply chain management. It has already completed carbon footprint information modules for six pilot enterprises and plans to extend these modules to all enterprises.

This initiative aligns with China’s broader climate goals, supporting global efforts to reduce greenhouse gas emissions and foster sustainable development in the energy and chemical industries.