Sinopec ESG report, what does esg mean?

esg is the acronym for Environment, Society and Governance. It refers to the "Sinopec Shale Gas Development Environmental, Social and Governance Report" released by Sinopec on December 29, 2014.

The "Report" is mainly divided into four chapters: "Clean Energy China Dream", "Standardized Governance and Safe Operations", "Environmentally Friendly Green Demonstration", and "Community Communication and Harmonious *** Construction". Focused on Sinopec's ESG concepts and practices in shale gas development, including safe and standardized operations, water resources protection, greenhouse gas emission reduction and treatment;

Announced Sinopec's environmental monitoring and environmental supervision , community communication and harmonious *** construction; introduced the development progress of Fuling shale gas field, horizontal drilling and hydraulic fracturing technology innovation, etc., demonstrating Sinopec’s active implementation of green and low-carbon strategy,** *Build a responsible corporate image of ecological civilization.

Extended information

Interpretation of information related to Sinopec’s release of China’s first shale gas ESG report:

1. Sinopec (600028) officially released “China "Report on the Environment, Society and Governance of Petrochemical Shale Gas Development" is China's first special report on the environment, society and governance of shale gas development and ranks among the best among international peers.

2. This report focuses on Sinopec’s ESG (Environment, Society, Governance) concepts and practices in shale gas development; it introduces the development progress and horizontal drilling of the Fuling shale gas field. and innovations in hydraulic fracturing technology.

3. Fuling shale gas field completed 75 gas test wells during the year, completing the annual new production capacity task of 2 billion cubic meters ahead of schedule. At present, the gas field has accumulated more than 1.136 billion cubic meters of gas production, with a daily gas production of 3.6 million-3.7 million cubic meters.

Baidu Encyclopedia - Shale Gas ESG Report

People's Daily Online - Sinopec released the first domestic shale gas ESG report