Sasol Climate Change Report 2022 - Book - Page 2
INTRODUCTION
RISKS AND OPPORTUNITIES
OUR FUTURE SASOL STRATEGY
GOVERNANCE
CONTENTS
OUR SUITE OF REPORTS
INTRODUCTION
OUR FUTURE SASOL STRATEGY (CONTINUED)
Sasol at a glance
2
Decarbonising our value chains
31
Our climate change journey
3
Capital allocation and green funding
36
Snapshot of our approach
4
Effecting a just transition
38
Year in review
5
Adapting to climate change
42
Progressing efforts to achieve our targets
6
IR
Integrated Report
SR
Sustainability Report
GOVERNANCE
Messages from the Chairperson of the SSEC and Sasol’s
President and Chief Executive Officer
7
Governing climate change
45
Sasol’s commitment to climate action
8
Executive remuneration
47
Responding to stakeholders issues
9
Climate advocacy and policy
48
Improving our emissions reporting
11
CCR
DATA AND ASSURANCE
RISKS AND OPPORTUNITIES
Concise communication on Sasol’s strategy, governance, performance and outlook
and how these lead to the preservation and creation of value over the short-,
medium- and long-term.
Communication on Sasol’s environmental, social and governance (ESG) performance.
Climate Change Report
Information on Sasol’s climate change risk management process, response
strategy and summary of work underway to address climate change risks
and opportunities.
Performance data
56
Risk management
13
TCFD index
57
Resilience of our portfolio
16
CAPS
Independent assurance report to the Directors
of Sasol Limited (Scope 3) Year ended 30 June 2022
58
CA 100+ assessment of Sasol’s climate change response
59
AFS
Annual Financial Statements
20-F
Form 20-F
OUR FUTURE SASOL STRATEGY
Implementing the Future Sasol strategy
20
Additional information
60
Decarbonising our operations
23
Appendix: Sasol’s scope 3 emission categories
61
Director’s approval
The Safety, Social and Ethics Committee (SSEC) of the Sasol
Limited Board (the Board) is responsible for ensuring the
integrity of our sustainability and climate change reporting.
We confirm that the 2022 Climate Change Report addresses
all material matters relating to climate change from a
double materiality perspective (see IR page 36) and
fairly represents the Group’s climate change performance.
The SSEC, authorised by the Board, approved this report
and its publication on 26 August 2022.
People
SHIFT THE
PORTFOLIO
African Business
Leadership Coalition
(ABLC)
In pursuing collaboration
and strengthening
partnerships, Sasol accepted
the invitation to join the
Founding Group of the ABLC.
Information on Sasol’s advocacy efforts and participation in policy advocacy bodies.
A complete analysis of the Group’s financial results, with detailed financial
statements, as well as the Remuneration Report and Report of the Audit Committee.
Our annual report filed with the United States Securities and Exchange Commission
(SEC), pursuant to our New York Stock Exchange listing.
Our suite of reports are informed by the following standards
and initiatives. We have sought alignment with key reporting
expectations and compliance with all relevant legal requirements.
REDUCE
EMISSIONS
TRANSFORM
OPERATIONS
Climate Advocacy and Policy Supplement
These reports are available on our website, www.sasol.com, or on request
from Investor Relations. Contact details available on website.
Our three-pillar
emission-reduction
framework
Signed on behalf of the SSEC:
Muriel Dube
Chairperson of the SSEC
DATA AND ASSURANCE
Planet
REPORTS
FUTURE
SASOL
Profit
Our prioritised SDGs are
indicated; this report focuses
on SDG 13 and 17.
Applying the United
Nations (UN) Global Compact
Ten Principles, TCFD and
prioritising five Sustainable
Development Goals (SDGs).
The International Integrated Reporting
Framework
IR
AFS
South African Companies Act 71 of 2008, as amended
IR
AFS
Johannesburg Stock Exchange (JSE) listings requirements
IR
AFS
King IV™ Report on Corporate Governance
for South Africa, 2016
IR
AFS
International Financial Reporting Standards (IFRS)
IR
AFS
Global Reporting Initiative (GRI) Sustainability
Reporting Standards
SR
CCR
Task Force on Climate-related Financial Disclosure (TCFD)
IR
SR
UN Advanced Reporting Criteria and SDGs
SR
CCR
United States Securities and Exchange Commission
rules and regulations
20-F
Sarbanes-Oxley Act of 2002
20-F
JSE Sustainability and Climate Disclosure guidelines
SASOL CLIMATE CHANGE REPORT 2022
1
IR
SR
20-F
CCR
CCR
