On August 14, Sinochem Holdings released its 2024 Environmental, Social and Governance (ESG) Report, comprehensively showcasing its innovative practices and phased achievements in implementing ESG concepts.

The report includes three special topics: “Sustainable Chemical Industry to Boost Future Development,” “Technology Empowers Land and Circular Economy Nourishes Nature,” and “Diversity, Openness, and Inclusiveness: Shared Values for Common Prosperity.” Its major content includes “Ecological Sustainability: Building a Green Future,” “Building Consensus and Collaborating with All Stakeholders,” and “Robust Governance and Exploration of Integrated Development.” These show the company’s outstanding achievements in environmental, social and governance in an all-round manner.

The company has continuously improved its energy structure and advanced its carbon reduction efforts, building a low-carbon strategic planning system of “1+1+14+N.” In 2024, the company’s total greenhouse gas emissions in industrial sector decreased by 2.15 percent compared with 2023 and a total of 50 subsidiaries of the company were awarded green titles such as national, provincial and ministerial green factories and green industry parks. In the same year, the company’s R&D expenditure reached 23.3 billion yuan and the company won 3 national science and technology awards.

As one of the first central SOEs to establish a presence in the Xiong’an New Area, the company has promoted the high-quality construction of the Sinochem Holdings Building in Xiong’an. The company donated 249 million yuan to public welfare causes, including more than 93 million yuan of funding to support rural revitalization. It has taken measures such as strengthening risk control in key areas and improving its compliance management system, continuously enhancing the compliance and sustainability of its operations.

Going forward, Sinochem Holdings will strengthen its ESG management, collaborate with partners to build an ecosystem for mutually beneficial cooperation, and make greater contributions to creating both economic and social value.