Sinopec Wins Greatest Environmental Safety Case on the First Sino-European Company ESG Greatest Observe Convention in Frankfurt By Investing.com

FRANKFURT, Germany, Sept. 13, 2024 /PRNewswire/ — China Petroleum (OTC:) & Chemical Company (Sinopec (OTC:), HKG: 0386) has been honored with the Greatest Environmental Safety Case award on the First Sino-European Company ESG Greatest Observe Convention in Frankfurt, Germany. The occasion, held at  Congress Heart  Messe Frankfurt, acknowledged Sinopec’s excellent contributions to sustainable improvement.

Themed Collectively for the Future, the convention showcased high instances in ten classes, together with environmental safety, social duty, company governance, and technological innovation. It aimed to foster dialogue and cooperation on sustainable improvement between Chinese language and European companies and deepen understanding of China’s developments amongst German and European industrial communities.

KPMG served because the data companion, offering skilled companies all through the choice course of. The occasion was co-organized by a number of distinguished establishments, together with the China Chamber of Commerce for Import and Export of Equipment and Digital Merchandise, China Worldwide Publishing Group, Frankfurt Chamber of Commerce, Frankfurt Worldwide Auto Elements Exhibition, and the German-Chinese language Financial Affiliation.

This recognition not solely underscores Sinopec’s management in environmental stewardship but in addition displays its ongoing efforts in direction of attaining a extra sustainable future via modern practices throughout all features of enterprise operation, from governance to social tasks.

Yongsheng Yu, Managing Director of Sinopec Group Modeling  Division, underscoring the corporate’s dedication to embedding environmental sustainability into its core operations. Emphasizing their dedication to the mantra “Cleaner Power, Higher Life,” Sinopec has strategically adopted Environmental, Social, and Governance (ESG) ideas as a cornerstone of its enterprise technique.

Sinopec, one of many world’s high refining firms and the second-largest chemical product producer and marketer, strives to steadiness improvement between its enterprise and societal welfare. Since 2007, with its first sustainability report launched for the next 18 consecutive years, the corporate has been enhancing its ESG governance to handle international challenges like local weather change and power safety whereas additionally adapting to developments such because the electrification of transportation and steadily selling power transformation.

In tackling international challenges reminiscent of local weather change and power safety, Sinopec’s Board of Administrators has frequently improved its ESG governance construction, energetically carried out a inexperienced and clear improvement technique, and progressively superior power transition whereas embracing the electrification pattern in transportation power. Sinopec will proceed to work in direction of being a key participant within the creation of a clear and delightful world, a trailblazer in inexperienced and low-carbon improvement, and a protector of shared planet.