Sinopec Wins Greatest Environmental Safety Case on the First Sino-European Company ESG Greatest Apply 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 Apply Convention in Frankfurt, Germany. The occasion, held at  Congress Middle  Messe Frankfurt, acknowledged Sinopec’s excellent contributions to sustainable growth.

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

KPMG served because the data accomplice, 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 additionally displays its ongoing efforts in direction of reaching a extra sustainable future by way of modern practices throughout all features of enterprise operation, from governance to social duties.

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 Energy, Better Life,” Sinopec has strategically adopted Environmental, Social, and Governance (ESG) rules as a cornerstone of its enterprise technique.

Sinopec, one of many world’s prime refining corporations and the second-largest chemical product producer and marketer, strives to stability growth 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 deal with international challenges like local weather change and power safety whereas additionally adapting to tendencies such because the electrification of transportation and steadily selling power transformation.

In tackling international challenges corresponding to 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 growth technique, and progressively superior power transition whereas embracing the electrification development in transportation power. Sinopec will proceed to work in direction of being a key participant within the creation of a clear and exquisite world, a trailblazer in inexperienced and low-carbon growth, and a protector of shared planet.