The board of Sinochem Holdings convened a symposium on December 13, 2021 on the implementation of the policies for achieving China's "dual carbon" goals in the reduction of carbon emissions.

The board meeting held discussions on a wide range of topics including current carbon emission, policy influence, reduction targets and plans, technical approaches and safeguard measures, putting forward specific requirements for achieving Sinochem Holdings' targets to peak the overall carbon emission from its business operation at home before 2030 and realize carbon neutrality before 2060.

Speaking at the meeting, Frank Ning, Chairman of Sinochem Holdings, stressed the necessity of a green, low-carbon and high-quality development approach for Sinochem Holdings. He urged Sinochem Holdings to roll out its budgets both on carbon emission reduction and business investment to boost industrial upgrades. Frank Ning noted that carbon emission management in the process of investment as well as a carbon-oriented assessment on fixed asset expenditure should be strengthened.

He also emphasized the role of scientific development in green transformation and the need to further study the feasibility of carbon emission approaches.

In addition, a set of systematic and feasible plans to peak Sinochem Holdings' carbon emission should be developed, and training and publicity on carbon emission management should be carried out to foster consensus and common action among all staff members.