Sasol Climate Change Report 2023 - Book - Page 56
INTRODUCTION
TRANSFORMING FOR RESILIENCE
GOVERNANCE
CLIMATE ADVOCACY AND POLICY
DATA AND ASSURANCE
JUST TRANSITION CONTINUED
Stakeholders
Employees and
organised labour
Keeping our stakeholders engaged in our transition process and informed on
progress are key considerations.
As part of Phase 2, we completed a stakeholder identification and mapping exercise to determine
who is likely to be most affected by the transition. Our findings indicate that these include
employees, fenceline communities, suppliers and SMMEs.
Shareholders and
providers of capital
Organised business
and industry
Sasol is committed, to the extent possible, to mitigate negative socio-economic implications of
our decarbonisation plans. Consequently, our just transition programmes will centre on creating
alternative economic opportunities and skills development while upholding our principle of
following an inclusive engagement process. This engagement process will be ongoing as our
transition to a low-carbon economy evolves.
Customers
Suppliers
SASOL’S JUST
TRANSITION
STAKEHOLDERS
Partnerships
Given the complexity of the challenges we face in South Africa, partnering with our stakeholders
is vital for the achievement of a just and equitable transition. A collaborative approach is
warranted to achieve the economies of scale needed for meaningful impact. Available funding,
skills and capacity within other companies and the public sector to address these challenges are
amplified when we collaborate to realise impact beyond the means of individual participants.
We are leveraging partnerships with business formations, state-owned enterprises and
private-sector entities. We are actively engaging with the Mpumalanga provincial government to
integrate our just transition plans with those of the province.
Business/JVs
IR
For more detail on how we engage with our stakeholders to deliver shared value, refer to page 36.
SASOL CASE STUDY WINS
ACADEMICS GLOBAL PRIZE
An MBA case study on our just
transition, conducted by the Gordon
Institute of Business Science (GIBS),
has won first place in an international
competition.
The work, ‘Sasol’s just transition: balancing stakeholder perspectives to
leave no-one behind’ came first in an international case study competition
run by the Fox Business School at Temple University in the United States.
The case study begins by describing Sasol9s
climate change journey since 2008,
accelerating in 2018 with the appointment
of subject matter experts and the creation
Communities
and societies
NGOs
FEATURE STORY
The teaching case study examines just
transition challenges in an emerging-market
economy reliant on coal, which the GIBS
authors describe as 8one of the grand
challenges facing South Africa and the
world9.
Governments
and regulators
of the JTO, and the 2021 publication of our
three-pillar framework and targets. It ends
by reflecting on the various stakeholder
perspectives that must be considered for a
just transition, leaving some questions
open-ended to allow for robust classroom
debate.
Secunda Operations, South Africa
SASOL CLIMATE CHANGE REPORT 2023
55
