Sasol Climate Change Report 2022 - Book - Page 40
INTRODUCTION
OUR FUTURE SASOL STRATEGY
RISKS AND OPPORTUNITIES
GOVERNANCE
DATA AND ASSURANCE
EFFECTING A JUST TRANSITION (CONTINUED)
Sasol’s Just Transition Office
We established a Just Transition Office (JTO) to oversee Sasol’s socio-economic
activities pertaining to the just transition, in line with the Future Sasol strategy and
our commitment to a transition that is just.
We have identified
the focus and
integration areas
that the JTO will
coordinate for
us to deliver on a
transition that is
just and equitable.
The JTO serves to integrate, enable and coordinate the various just transition
initiatives already underway within the organisation, as well as align and cooperate
with external stakeholders through established platforms to maximise resources
and outcomes. In this way, existing Sasol social impact investments and plans and
programmes are being reviewed, adjusted and re-aligned and managed to maximise
economies of scale aiming to create greater impact than the individual programmes.
The JTO provides guidance to our businesses to ensure an agile implementation
approach as the transition unfolds. The JTO will also coordinate Sasol’s partnerships
with stakeholders, including but not limited to Impact Catalyst and other industry
associations (see next page for more details).
Developing a Just Transition
Roadmap for Sasol Energy
Sasol has brought together a
multi-disciplinary team from
across the organisation to drive
the development of a just transition
roadmap. A roadmap is being designed
to not only focus on long-term
impacts but also address short-term
effects and opportunities that could
materialise.
The roadmap will lay the foundation
for programmes and plans we embark
upon, either independently or in
partnership. Partnerships will be
critical in leveraging expertise and
technology opportunities, enhancing
localisation, as well as securing
funding. We will seek opportunities
that leverage economic diversification
to extend the reach and impact of our
transition plans.
We aim to outline the performance
measures to track given the
materiality of the transition.
Our approach will adopt a peoplecentred and inclusive mindset in
developing our roadmap, consulting
key stakeholders. Work has begun to
define our stakeholder engagement
plan, which includes roadshows with
key stakeholders.
Strategy
and risk
management
Policy
development
and alignment
Stakeholder
management and
communication
Partnership
management
and funding
Programme
management
and reporting
INITIAL JUST TRANSITION INITIATIVES
MATURING JUST TRANSITION INITIATIVES
No-regret early impact
Leveraging new value pool opportunities for a just transition
Present to 2030
Post 2030 to 2050
Skills for work and entrepreneurship
Continue to scale-up initial just transition initiatives
for impact
Bridge to work programme
Accelerate job opportunities to support large-scale
renewables for green hydrogen and SAF
Work transition for impacted population
A deeper localisation focus
Green economy skills of the future
Leverage other complementary projects, such as carbon
offsets and adaptation projects for natural synergies
Investment in research for future green economy
Signposts could change our implementation approach
Scope
1 and 2
Scope 3
~28
MtCO₂e
~63
MtCO₂e
Scope 3
~36
MtCO₂e
Acceptability of transition gas
Higher carbon taxes
Green hydrogen cost reductions
2019
2022
Diversity of the portfolio, including green hydrogen
and sustainable carbon
~44
MtCO₂e
The rate at which renewable energy is deployed
Introduction of more stringent climate policy
2030
SASOL CLIMATE CHANGE REPORT 2022 39
The trend away from coal
Scope
1 and 2
Energy security needs
2017
Opportunity
development
