Sustainability
Management of Impacts, Risks and Opportunities
Sinopec Corp. has formulated the Comprehensive Risk Management Measures, specifying the responsibilities and processes for managing risks related to climate change and other HSE factors. The Company closely tracks and monitors climate-related impacts, risks and opportunities, actively conducts identification, analysis, management, and response to climate impacts, risks and opportunities, incorporating them into internal control systems. The relevant management policies and processes will be revised accordingly in a timely manner in the event of significant changes. The Company comprehensively assesses its energy use and carbon emissions by studying energy use and value chain emissions, conducting carbon accounting, and calculating product carbon footprints, to identify the impact of the Company's operations on climate change. The Company also evaluates the time frames and impacts of climate-related risks and opportunities to formulate response measures and work plans. The results of the 2024 major risk assessment rank HES risks, which include climate change, as the top major risk for the Company.