At the end of March, China National Petroleum Corporation, China National Offshore Oil Corporation, and China National Chemical Corporation successively released the "Environmental, Social, and Governance (ESG) Report 2025", comprehensively showcasing the latest practices and outstanding achievements of petrochemical central enterprises in ESG governance, green and low-carbon, and social responsibility in the context of accelerated transformation over the past year.
On March 26th, China National Offshore Oil Corporation announced its 2025 Environmental, Social and Governance (ESG) "report card". In 2025, CNOOC will continue to improve its ESG governance and make every effort to promote high-quality development to a new level. In terms of corporate governance, CNOOC has established a diversified board of directors, strengthened director capacity building, and continuously improved decision-making quality. In terms of technological innovation, the company's research and development funding for 2025 has increased by 22% compared to the previous year, reaching 5.481 billion yuan; Won 1 national quality and technology award and 5 provincial and ministerial level science and technology awards. In terms of green and low-carbon, the company has carried out 18 energy-saving and carbon reduction projects, achieving energy savings of 205900 tons and carbon reduction of 513300 tons; Replace 1.08 billion kilowatt hours with green electricity and reduce carbon emissions by 680000 tons; Steadily promoting the integrated development of oil and gas and new energy, leading the formulation of two national standards for offshore CCUS, with an annual CCS/CCUS storage capacity of 205500 tons. In terms of fulfilling social responsibility, the company's public welfare projects cover 10 countries and regions, with an investment of over 134 million yuan; The total investment in rural revitalization is 74.68 million yuan, benefiting nearly 6 million people. The company has been awarded honors such as "Best ESG" in the chemical and oil and gas industries.
On March 29th, China National Petroleum Corporation released the "Environmental, Social, and Governance (ESG) Report 2025", which covers Ping An Enterprises, Health Enterprises, Green Enterprises, and more. The report shows that China Petroleum has accelerated the development of new energy and materials, and achieved the phased strategic goal of "clean substitution" as scheduled. Fulfilling social responsibility with high standards, assisting in the comprehensive revitalization of rural areas, and benefiting from over a thousand assistance projects in all directions. Continuously improving governance efficiency, incorporating ESG into the company's "15th Five Year Plan", continuously strengthening ESG risk management and response, and comprehensively enhancing ESG management efficiency through evaluation to promote management; Promoting the integration of sustainable development concepts into the entire process of business decision-making, and taking new steps towards modernizing corporate governance systems and capabilities. In 2025, China Petroleum's ESG performance has been widely recognized by the market, and mainstream ESG ratings at home and abroad have been comprehensively improved. Mingsheng's ESG rating has achieved three consecutive increases, and S&P's ESG rating has jumped to the top of the domestic industry, and has won honors such as "Best Practice Case for Sustainable Development of Listed Companies".
On March 30th, China Chemical Engineering Group Co., Ltd. released the "Environmental, Social and Governance (ESG) Report 2025", which systematically showcases the company's exploration and achievements in promoting sustainable development and building the "three communities of shared future". In terms of green development, the company continues to carry out low-carbon technology research and development, promote green products, and accelerate the industrial layout in the field of green and low-carbon; Fully implement clean production, strengthen the efficient recycling of energy resources, and work together to promote energy conservation, carbon reduction, pollution reduction, green expansion, and growth. In terms of social value, the company has deeply promoted the three-year action plan to tackle the root cause of safety production, achieving nearly 1 billion safe working hours throughout the year; Vigorously carry out the action of promoting enterprise development through quality, promote the construction of star rated standardized construction sites, and obtain 136 high-quality projects at or above the provincial and ministerial level throughout the year, with a first pass rate of 99.3% for unit projects. In terms of corporate governance, ChemChina has achieved outstanding results in promoting the integration and mutual promotion of party building and production and operation, as well as promoting independent innovation, technology integration, and platform construction. (Source: China Chemical News)
