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Who We Are
Overview
Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We safely and sustainably source, produce and market a range of high-quality products, creating value for stakeholders.
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Our Businesses
Overview
Sasol comprises three distinct market-focused businesses, namely: Chemicals, Energy and Sasol ecoFT. Our more focused portfolio is underpinned by a transition to a lower-carbon future and our 70-year track record demonstrates we have the capabilities and competencies to deliver sustainable value in these three core businesses.
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ESG
Overview
Advancing chemical and energy solutions that contribute to a thriving planet, society and enterprise.
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Investor Centre
Overview
Sasol's investors consist of both equity investors (those invested in the Sasol ordinary shares or the ADRs) and lenders/debt investors (banks and institutional investors lending to Sasol or investing in its issues of debt instruments such as local bonds, offshore bonds, commercial paper issues, project finance, loans and other credit facilities and convertible instruments).
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Suppliers
Overview
Supply Chain is the custodian of all external spend for the Sasol Group. It is responsible for managing supply and demand so as to ensure cost-efficiency and maximise return on spend, while at the same time ensuring effective logistics of a range of deliverables.
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Careers
Overview
Explore existing opportunities to energise your career to the next level. Whether you are seeking a Learnership or you are Student or Graduate or Experienced Hire. Find out how you can add value to the Sasol Team.
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Media Centre
Overview
Access media releases and view latest social media updates
Governance
Quick Links
Governance
SASOL'S GOVERNANCE FRAMEWORK
Sasol is a values-based organisation, committed to high standards of business integrity and ethics. The Board steers and sets the direction of the Group and brings independent, informed and effective judgement and leadership to bear on material decisions reserved for the Board, while ensuring that strategy, risk, performance and sustainable development considerations are effectively integrated and appropriately balanced.
AREAS OF FOCUS
The Board and its committees continue to closely monitor the implementation of Sasol’s legal compliance policies and processes and improve upon them to mitigate the risk of non-compliance with the laws in the various jurisdictions in which we do business. Competition laws, anti-bribery and anti-corruption laws, sanction laws, safety, health and environmental laws, identified as key Group legal compliance risk areas, remain our focus. We have implemented risk mitigation controls for each of these areas, aiming to achieve a balanced approach on compliance, by taking into consideration Sasol’s obligations as well as Sasol’s rights. The Board is satisfied that it fulfilled all its duties and obligations in the 2023 financial year.
We regularly review and benchmark the Group’s governance structures and processes to ensure they support effective and ethical leadership, good corporate citizenship and sustainable development and ensure that they are applied in the best interests of Sasol and our stakeholders. We have the necessary policies and processes in place to ensure that all entities in the Sasol Group adhere to essential Group requirements and governance standards.
As a direct or indirect shareholder, Sasol exercises its rights and is involved in the decision-making of its subsidiaries on material matters and the Board is satisfied that its delegation of authority framework contributes to role clarity and effective exercise of authority and responsibilities.
DETERMINING OUR MATERIAL MATTERS
Our material matters are factors that have the potential to impact, both positively and negatively, value preservation and creation in the short, medium and long term. Managing them effectively could support or hinder our ability to execute our strategy and remain competitive. Our material matters are reviewed annually with a detailed assessment conducted on average every three to four years.
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APPROACH |
ACTIONS |
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1 |
IDENTIFY |
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2 |
EVALUATE AND ALIGN |
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The potential issues in relation to the impact on Sasol and its stakeholders by:
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3 |
RECOMMEND |
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The proposed Material Matters and the priorities to the Group Executive Committee (GEC) for approval and noting to the Board |
Propose Material Matters to GEC |
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4 |
DOCUMENT |
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The process followed in determining Material Matters to maintain transparency and disclose in the Integrated Report |
Document processes followed for determination of Material Matters for assurance purposes |
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5 |
REVIEW |
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Monitor the progress made against Material Matters and disclose as relevant in the Integrated Report |
Continuous... |
We are committed to complying with all applicable laws and obligations arising from our environmental authorisations and this is embedded in our Code of Conduct.
Sasol is dependent on natural resources including coal, crude oil, natural gas and water for our business activities. Our activities, by their very nature, have an unavoidable impact on the environment; and we remain committed to minimising these impacts.
We recognise and understand the environmental footprint associated with our activities and responsibly manage these in a prudent and legally compliant way. Our actions aim to ensure that safety, health and environment (SHE) is a top priority. Additionally, our SHE Policy commits us to responsibly address our environmental challenges with consideration for the interests of our stakeholders.
Sasol continues to mitigate the risks related to air quality, water consumption, waste footprint, land use, and the impact on biodiversity through the ongoing investigation of alternative feedstocks, optimised processes, improved efficiencyand focused abatement technology retrofits.
This includes offsets, monitoring air quality through an extensive monitoring network as well as assessments of the impacts on the environment. Investments to reduce the environmental footprint of our existing facilities will benefit natural, human and social capital.
MANAGING MATERIAL MATTERS
OUR AMBITION:
PLACING SUSTAINABILITY AT THE HEART OF OUR TRANSFORMATION, HARNESSING THE OPPORTUNITY FOR VALUE CREATION TOWARDS NET ZERO*, TODAY AND INTO THE FUTURE
Material Matters: Those matters that help or hinder our ability to deliver on our strategy
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ENVIRONMENTAL STEWARDSHIP |
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HELP |
HINDER |
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Why this is a Material Matter |
We need to operate within the regulatory and policy frameworks to maintain our licence to operate and be proactive in going beyond compliance. |
Addressing our GHG emissions is crucial to our sustainability. |
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Group top priority |
Safe, efficient and reliable operations |
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Impact of Material Matter |
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OPPORTUNITIES
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Risk |
MEDIUM- TO LONG-TERM BUSINESS VIABILITY AND SUSTAINABILITY |
GROUP TOP RISK 2: SUSTAINABILITY AND TRANSITION |
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Mitigating actions |
The bulk of our Southern African Operations remain dependent on coal as a primary feedstock, and this makes up the greatest portion of our contribution to the relevant airsheds. In addressing this we have implemented initiatives and taken actions. This includes but is not limited to:
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Metrics Short term Medium term Long term |
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SUSTAINABLY DECARBONISING FOR FUTURE SASOL |
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HELP |
HINDER |
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Why this is a Material Matter |
We are acutely aware that our Future Sasol strategy is dependent on sustainable value creation and transitioning our operations. |
In order to decarbonise at the pace required, we will have to secure the capital resources while traversing challenging regulatory regimes and a volatile market. |
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Group top priority |
Safe, efficient and reliable operations; stakeholder confidence and growth agenda |
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Impact of Material Matter |
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OPPORTUNITIES
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Risk |
MEDIUM- TO LONG-TERM BUSINESS VIABILITY AND SUSTAINABILITY |
GROUP TOP RISK 2: SUSTAINABILITY AND TRANSITION |
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Mitigating actions |
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Metrics Short term Medium term Long term |
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STRENGTHENING RELATIONSHIPS WITH STAKEHOLDERS AND REGULATORS |
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HELP |
HINDER |
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Why this is a Material Matter |
Strengthening relationships with all our stakeholders is an indispensable requirement to build credibility and trust. |
Being perceived as a credible partner will contribute to delivering shared value. |
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Group top priority |
Culture, customer value proposition; stakeholder confidence and growth agenda |
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Impact of Material Matter |
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OPPORTUNITIES
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Risk |
STAKEHOLDER IMPACT |
GROUP TOP RISK 4: STAKEHOLDER |
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Mitigating actions |
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Metrics Short term Medium term Long term |
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SAFETY OF OUR PEOPLE |
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HELP |
HINDER |
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Why this is a Material Matter |
Returning our teams home to their families from work is our first priority. |
Unsafe working conditions must never be tolerated, and safety is a non-negotiable. The workplace must be a beacon of safety, when this is compromised, everything we strive for is undermined. |
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Group top priority |
Safe, efficient and reliable operations |
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Impact of Material Matter |
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OPPORTUNITIES
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Risk |
SHORT-TERM BUSINESS RESILIENCE AND VIABILITY |
GROUP TOP RISK 1: SAFETY AND OPERATIONAL |
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Mitigating actions |
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Metrics Short term Medium term Long term |
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TRANSFORMING FOR RESILIENCE |
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HELP |
HINDER |
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Why this is a Material Matter |
Without a strong foundation business, that our stakeholders have faith in, we will not be able to transition to Future Sasol. |
We know how our business needs to respond to ensure that as we strengthen our foundation business, it is more resilient into the future. |
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Group top priority |
Safe, efficient and reliable operations and cash generation |
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Impact of Material Matter |
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OPPORTUNITIES
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Risk |
SHORT-TERM BUSINESS RESILIENCE AND VIABILITY |
GROUP TOP RISK 1: FINANCIAL |
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EMPLOYEE VALUE PROPOSITION |
GROUP TOP RISK 3: PEOPLE |
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Mitigating actions |
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Metrics Short term Medium term Long term |
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Environmental Training
Environmental considerations are pertinent to our business. As part of this we work to ensure that all relevant employees receive the necessary training to apply best practice and ensure legislative requirements are met throughout our business. The following training has been undertaken to meet these needs.
Training Documents
Water Training
Our Board of directors
The Board approves the strategy and has ultimate control of the company according to its Memorandum of Incorporation and Board Charter. Through its oversight and strategic steer, it ensures that Sasol capitalises on its opportunities as an ethical, decisive and responsible corporate citizen.
The careful selection of individual directors, to ensure the most appropriate combination of expertise and experience, underpins the effectiveness of the Board in fulfilling its role.