Sasol Integrated Report 2022 - Book - Page 12
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
DELIVERING
GOVERNANCE AND REWARDS
ADMINISTRATION
DELIVERING OUR STRATEGY OVER HORIZONS
Delivering the first horizon
Our foundation businesses
Our decarbonisation initiatives
are positioning us to deliver
sustainable value into the
future. We are undertaking
renewables at scale while
growing new value pools
such as green hydrogen,
ensuring competitive
and sustainable returns.
IR
F
or more detail refer to Sasol Energy
at a glance page 49 and Sasol
Chemicals at a glance page 46.
Through our customer
centricity, we adapt to evolving
needs that contribute to the
energy transition.
IR
F
or more detail refer to Sasol
Chemicals at a glance page 46.
RESET
TRANSITION
Up to 2025
2025 – 2030
REINVENT
2030 – 2050
▪ Develop circular chemicals
solutions (customer-led
innovation)
▪ Continue to decarbonise assets
(options across gas, green H2,
biogenic carbon sources)
▪ Strengthen balance sheet and recommence
dividends
▪ Shift to gas as a transition
feedstock and procure renewable
energy
▪ Continue circular chemicals
solutions opportunities
▪ Create leadership positions in priority
energy and chemical segments
▪ Continue scale-up of FT-based
sustainability businesses
▪ Sasol 2.0 transformation programme
▪ Lake Charles Chemicals Complex (LCCC)
ramp-up
▪ Continue chemicals portfolio
shift to higher-margin specialty
chemicals
▪ Incubate and scale Sasol ecoFT businesses
▪ Shift chemicals portfolio to higher-margin
specialty chemicals
Commenced
▪ Intensify roll-out of FT-based
sustainability businesses
▪ Intensify chemicals portfolio shift
to higher-margin specialty
chemicals
▪ Bring FT-based sustainability
businesses to maturity
Fischer-Tropsch (FT)
is our springboard
to sustainability
Sasol ecoFT is leading
the development of our
FT sustainable solutions
business. During the last
year we have undertaken
several collaborations
resulting in key partnerships.
With our advantaged FT
technology, we believe
that we are uniquely
positioned to thrive in
a world contending with
global efforts to minimise
use of fossil fuels.
IR
Key Performance Indicators (KPIs) in place
or more detail refer to Sasol ecoFT
F
at a glance page 53.
In delivery
TARGETS
Cash fixed cost reduction
R8 – R10 billion
Working capital optimised
Gross margin uplift
14%
R6 – R8 billion
Capital range*
~R20 – R25bn per annum
* Maintain and Transform Capital only (no selective or expansionary
growth included) in FY20 real terms.
The role of the Board
Sasol’s contribution to the Decade of Action and our prioritised SDGs
During the year, two out of the 13 Board meetings were held to specifically discuss and debate the
Group’s strategic direction. The Board, having approved the strategy to deliver Future Sasol, will
ensure delivery through monitoring relevant Key Performance Indicators for achieving short- mediumand long-term goals.
In our pursuit to contribute to the Decade of Action and our Purpose, we have
additionally prioritised SDG 9. Our five prioritised SDGs are closely linked to our
sustainability focus areas.
SR
For more detail refer to our Sustainability Report available on our website, www.sasol.com
A HOLISTIC APPROACH TO SUSTAINABILITY AND IMPROVING OUR ESG PERFORMANCE
As we undertake our decarbonisation journey we are cognisant of the potential impact on our communities.
We have therefore established our Just Transition Office to ensure that the transition is undertaken
in a collaborative and planned manner. Our holistic approach to sustainability allows us to consider:
• our Sasol Promise to Society in elevating the role we play in our communities; and
• environmental aspects that include but are not limited to implementing phased water targets
and undertaking a biodiversity footprint assessment;
We work to create a positive and measurable socio-economic impact and respond to key societal and
environmental challenges in the communities where we operate. Focusing on a holistic approach to
sustainability, we believe that it will positively impact on our ESG performance, with the ultimate aim of being
included in the Dow Jones Sustainability Index.
SR
CCR
For more detail refer to our Sustainability Report and Climate Change Report available on our website, www.sasol.com
• actively tracking our commitments to the United Nations (UN) Global Compact Ten Principles thereby ensuring
that we go beyond compliance.
SASOL INTEGRATED REPORT 2022
11
