Environment & Society

Stakeholder Engagement

Our philosophy

The trust and support of our stakeholders is a fundamental approach of Sinopec Corp. to sustainable development. We make progress through our partnerships with all stakeholders to jointly promote a sustainable development based on economic growth, protecting the environment and building a harmonious society.

? Our diversified portfolio, including energy resources such as crude oil and natural gas, refined oil products such as gasoline, diesel and kerosene, and petrochemical products with thousands of varieties, contributes to social and economic development and satisfies hundreds of millions of families.

? We operate honestly and pay taxes in accordance with the law to contribute to national revenue and boost social development and prosperity.

? We commit to realising sustainable development of Sinopec Corp. and upholding stable and continuous dividend pay-out policy to return to shareholders.

? We focus on leading and cooperating with our partners along the upstream and downstream industrial chain, aiming to enhance sustainability and achieve win-win results.

? We guarantee employee rights, provide good working environment and optimise career development channels that show respect for our employees and promote decent work.

? We engage in local communities by safeguarding community safety, protecting the environment, participating in local economic development projects, carrying out poverty alleviation programmes and sharing our corporate development with local residents.


Communication mechanism

? Through continued communications, discussions and reports with authorities, we communicated the material issues including tax paying, innovation, safety, ecological protection, targeted poverty alleviation and information disclosure.

? Through legal information disclosure, performance conferences, meetings with investors, teleconferences, online interaction, and the E-platform of SSE, we communicated the material issues including risks and opportunities in sustainable development, shareholder returns, addressing climate change and energy efficiency improvement.

? Through daily communication, visits, interviews and surveys with customers, we communicated the material issues including product quality and service.

? Through face-to-face communication with NGOs and rating agencies as well as questionnaires, we communicated the material issues including risk management, human rights, safety, environmental protection, greenhouse gas emission and anti-corruption.

? Through Open-day activities, we communicated the material issues including protection of community residents' rights and communication.

We mapped our business operations with United Nation's 17 Sustainable Development Goals (SDGs), and enhanced communication with stakeholders who concern climate-related financial disclosures and analysed the Company's climate related risks and opportunities.


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