Sasol Integrated Report 2022 - Book - Page 26
INTRODUCTION | ABOUT SASOL
CREATING VALUE
STRATEGIC OVERVIEW
DELIVERING
GOVERNANCE AND REWARDS
ADMINISTRATION
TRADE-OFFS
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Providing a safe working environment and fulfilling our
commitment to Zero Harm while maintaining production
of high-value products.
Safety of
our people
While we aim for efficiency in our production processes, this can never be at the expense of our people’s
health and safety. We need to invest time and money to ensure we humanise safety, making it part of our daily
processes. Over the long term, an embedded culture of caring to achieve Zero Harm helps eliminate fatalities
and high-severity incidents, reduces our recordable case rate (RCR) and enhances operational efficiency.
CAPITALS IMPACTED
TRADE-OFF
TRADE-OFF
In addressing the material matters we have identified, as well as in making decisions on how to manage our business and deliver on our Purpose and strategy,
we experience and manage trade-offs. Viewed through the materiality lens of ‘People, Planet and Profit’, we demonstrate the key trade-offs between the
capitals in the year. Our aim is always to create and preserve value and to reduce instances in which value is eroded through our activities and decisions.
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Responsibly
decarbonising
for Future Sasol
Securing a Just Transition through our decarbonisation
journey while continuing to create shared value for all
our stakeholders.
We aim to create shared value even while we accelerate our transition away from carbon, in line with the
Paris Agreement, the United Nations’ Sustainable Development Goals and The Ten Principles of the UN
Global Compact. This requires significant investment in technology and a change in the skills we require.
CAPITALS IMPACTED
The loss of lives, the injuries sustained and the health issues experienced by our
employees and communities over the long term
Improved social licence to operate by working to align with global goals and ensure
greater resilience in a carbon constrained world
Reported a deterioration in our recordable case rate
Constructive engagement with stakeholders including employees and organised labour;
shareholders and providers of capital; customers; governments and regulators;
communities and societies; and non-governmental organisations
Provided psychological and wellbeing support to our employees
Fostering entrepreneurship and upskilling through our Just Transition initiatives as we
move away from reliance on coal
Our health and safety commitments support our social licence to operate and bolster
our credibility among stakeholders
Improved community health, including through our support of COVID-19 vaccination
programmes
Attracting and developing new skills
Possible redundancy of some skills and jobs, particularly those in our coal value chain
Financial investment in safety training, equipment and infrastructure
Delivering on timelines to achieve our ambition to reach Net Zero by 2050
As the safety culture is embedded and there are fewer safety incidents, operations
report fewer stoppages, leading to greater productivity
Continued reliance on non-renewable resources in the short term, with associated
emissions from operations
Industry-leading safety standards and initiatives in place to safeguard lives
Nurturing new skills and developing new technologies and products
Converting facilities for the production of low-carbon products
Some equipment and infrastructure may become redundant in the long term
Investing in repurposing facilities and equipment to align with long-term advantage
to produce sustainable products
Decrease in capital
Increase in capital
Ongoing use of capital
SASOL INTEGRATED REPORT 2022
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