Sasol Integrated Report 2022 - Book - Page 15
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
DELIVERING
GOVERNANCE AND REWARDS
ADMINISTRATION
PRESIDENT AND CHIEF EXECUTIVE OFFICER’S STATEMENT
G
rowing shared value, while
accelerating our transition.
Fleetwood Grobler
President and Chief Executive Officer
KEY MESSAGES
Relentless safety focus
Catalyst for positive socio-economic change
GHG reduction plans progressing well
Significant step-up in financial performance
In a period of significant change and uncertainty we delivered on our triple
bottom line outcomes.
Dear stakeholders
Our Future Sasol strategy, introduced in
September 2021, underpins our ambition to grow
shared value for all our stakeholders, while we
accelerate our transition to a low-carbon world.
Framed within the triple bottom line outcomes of
People, Planet and Profit, I am pleased with the
progress we recorded in each of these, in a reporting
period characterised by significant change and
uncertainty.
As in past years, Team Sasol stepped up and delivered
in a challenging operating environment and I wish to
express my sincere appreciation for our people’s
continued diligence, commitment and support.
Through our collective efforts and resilience,
we have reinforced and strengthened the foundation
to deliver our Future Sasol aspirations, underscored
by our ability to innovate, lead in challenging times
and bring relevant solutions to the market.
Committed to Zero Harm
The wellbeing of our people remains our number
one priority, as we continue to pursue our
Zero Harm ambition.
We are deeply saddened by the five workplace
fatalities which occurred during the first half of the
financial year. These were from a fall-from-heights
incident at our Sasol Midlands site; a process safety
incident at our Secunda Operations; and three
fatalities from an underground water compartment
incident at our Mining operations.
Let me again express our heartfelt condolences to the
families of these colleagues we lost while on duty.
Any loss of life is unacceptable.
Through our collective efforts and resilience, we have reinforced and strengthened
the foundation to deliver our Future Sasol aspirations.
Our pressing concern for the deterioration in our
safety performance was the source of significant
introspection and further intensified our focused
safety interventions. These efforts saw an
improvement in our performance in the second
half of the year.
As a result, lost workday cases continued on a
downward trajectory, ending the year at a rate of
0,10 against a target of 0,13, while our recordable
case rate (RCR) was 0,27, marginally above the
previous year’s 0,26.
Sasol in society
Our intent to be a force for social good is integral
to our business strategy, while our Purpose –
Innovating for a better world – inspires our journey
to realise measurable, data-driven socio-economic
benefits for communities.
This is demonstrated in the many ways we positively
impact economies and support our communities in
the regions where we operate.
Among a few key examples, in South Africa we spent
over R33 billion with businesses that have majority
Black-ownership, up R10 billion from the previous
year, demonstrating our ongoing commitment to
sustainable transformation and Broad-Based Black
Economic Empowerment.
SASOL INTEGRATED REPORT 2022
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The more than R743 million we invested globally
in socio-economic development enabled funding
for small to large enterprises and the awarding of
bursaries, as well as other educational, learnership,
health and community service infrastructure
investments. We also invested R1,2 billion in skills
development.
Sasol remains a significant investor in our
communities and I am encouraged by the leading role
we play in driving positive socio-economic change.
2030 decarbonisation plans on track
The plans for meeting our 30% GHG reduction target
by 2030, which forms the foundation to meeting
our 2050 Net Zero ambition, are progressing well.
In FY22 we progressed several key milestones
to realise our 2030 target, spanning large-scale
renewable energy integration, incremental gas
and energy efficiency improvements.
Significant progress has been made in procuring
renewable energy for both our Energy and Chemicals
businesses. In South Africa, we have agreed the key
terms with Independent Power Producers (IPPs)
to secure approximately 600 megawatts (MW)
of solar and wind power to start coming online
before end-2025. Regulatory approval processes
are ongoing.
