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.
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.
Advancing chemical and energy solutions that contribute to a thriving planet, society and enterprise.
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).
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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Johannesburg, South Africa – South African global chemicals and energy company, Sasol Limited, has signed a three-year agreement to work with international carbon solutions provider, Vertree Partners Limited, on access to high-quality carbon credits and climate investments.
In accordance with a memorandum of understanding (MoU) signed between the two parties, Vertree will help Sasol devise robust pathways for decarbonisation, manage associated risks and make high-quality, high-impact investments in carbon reductions and removals as part of the company’s journey to net zero.
A wholly owned subsidiary of Hartree Partners, Vertree is focused on decarbonisation and environmental markets. Vertree’s experienced team assists companies and institutions to reach their climate goals. Through established partnerships with project developers, investments into new market innovations and environmental market insights, Vertree will guide Sasol and provide access to existing and future supplies of high-quality carbon credits and other environmental investments.
Speaking at the signing of the MoU, Sasol’s Vice President for Climate Change, Shamini Harrington, said: “High-quality carbon credits can uplift communities and contribute positively towards national imperatives of alleviating poverty, unemployment and inequality while simultaneously meeting decarbonisation objectives. We are excited to start this journey with Vertree to put in place the tools and frameworks to ensure investment in credible carbon projects that deliver on these imperatives.”
Vertree’s Muireann Mageras commented: “We are delighted to begin our partnership with Sasol. We are committed to supporting Sasol to accelerate its decarbonisation and ensure the delivery of credible environmental and social value through carbon-related projects and investments.”
Sasol is transforming its business towards an absolute scope 1, 2 and 3 (Category 11) net zero ambition by 2050. This includes an interim 30% emissions reduction target on absolute scope 1 and 2 emissions by 2030, and a 20% reduction in absolute scope 3 (Category 11) emissions over the same period. Sasol believes that, if properly designed and delivered, investment in nature and technology-based solutions can play an important enabling role in addressing hard-to-abate emissions while realising other important environmental and social benefits. Carbon credits will only be used to supplement the company’s existing emission reduction activities and are not intended to replace them.