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Why this is a Material Matter
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We are acutely aware that our Future Sasol strategy is dependent on sustainable value creation and transitioning our operations.
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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
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Safe, efficient and reliable operations; stakeholder confidence and growth agenda
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Impact of Material Matter
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- Long-term viability
- Financial resilience
- Increased climate change pressures
- Stakeholder commitments
- Business sustainability
- Reputation
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OPPORTUNITIES
- Developing our technology will open new growth avenues and expand the use of our products
- Foster stronger collaboration with government to achieve national decarbonisation targets and objectives
- Renewable energy, gas to power and biomass value creation
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Risk
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MEDIUM- TO LONG-TERM BUSINESS VIABILITY AND SUSTAINABILITY
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GROUP TOP RISK 2: SUSTAINABILITY AND TRANSITION
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Mitigating actions
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- Developing an integrated technology strategy and roadmap with reference to the pathways
- Assessing market positioning against emerging trends, setting targets, transforming our product portfolio, maintaining product supply, meeting customer needs and focusing/delivering to our base business targets
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- Clean Fuels and octane programme
- Making our business more sustainable by moving towards cleaner energy solutions and preserving value from existing assets
- Executing against our emission reduction roadmap optimising for value creation
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Metrics
Short term
Medium term
Long term
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- Decarbonisation targets
- Optimal 2030 GHG emission reduction roadmap
- Renewable energy uptake
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- Energy efficiency improvement
- Setting up new sustainable businesses/partnerships
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