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Sasol Governance of Ethics

EXECUTION

In order to provide execution capability and capacity to the tasks of setting and achieving ethical objectives, advancing an ethical culture and addressing ethics risks and opportunities, The GEC appointed the Group Ethics Office (GEO), headed by the Chief Ethics Officer, as a functionally independent office that is the custodian of a comprehensive and integrated ethics programme.  The purpose of the GEO is to:

  • Be the custodian of Sasol’s code of conduct, ethics strategy and ethics programme;
  • To address unethical behaviour and enhance ethical leadership and;
  • To support integration of ethics into all apsects of business
  • provide ethics assurance and governance for Sasol

Senior Vice Presidents (SVPs) and Vice Presidents (VPs) of the various Sasol business entities are accountable to their Executive Vice Presidents (EVP) for the implementation of the Sasol Code of Conduct and related policies in their businesses and are assisted by Ethics Officers that they have appointed for their respective entities.

The GEO facilitates compliance with the Code of Conduct and related policies by utilising the decentralised ethics community, especially the business entity ethics officers.

Functional independence

The Chief Ethics Officer reports to the Senior Vice President Legal IP and Compliance, who in turn reports to the Executive Vice President Strategy, Sustainability and Integrated Services.  The Chief Ethics Officer, however, has the authority to raise matters of concern to the chair of the Sasol Audit Committee, chair of the SSCE Committee or the Chairman of the Board – without approval or fear of reprisal from the CEO, the Executive Vice President Advisory and Assurance, the Senior Vice President Governance and Ethics or any other senior manager, if so required by a situation.