Sasol Integrated Report 2022 - Book - Page 37
INTRODUCTION | ABOUT SASOL
CREATING VALUE
STRATEGIC OVERVIEW
DELIVERING
GOVERNANCE AND REWARDS
ADMINISTRATION
MANAGING OUR MATERIAL MATTERS
Our material matters have the potential to help or hinder the delivery of our strategy and substantively affect
our ability to create value over time. We follow a double materiality process that references both our internal
and external environment, our stakeholders' concerns and risks. These are determined by assessing each
issue against a materiality assessment matrix and by referencing the six capitals.
Our five-step double materiality approach
The process followed
is documented for
assurance purposes
and is disclosed in the
Integrated Report.
The support of the
Chief Financial Officer
and Executive Vice
President: Strategy,
Sustainability and
Integrated Services
is obtained.
Process documented
throughout
the process.
8
9
3
5
7
1
2
4
Low
High
Capitals
Issue
eg
Production
FC
MC
NC
3
3
FC = Financial Capital
MC = Manufacturing Capital
SASOL INTEGRATED REPORT 2022
36
IC
SC
SC
HC
MC
IC
3
2
1
2
3
NC = Natural Capital
IC = Intellectual Capital
3
Weighted value
Impact
factors
Raw value
Continuous
monitoring ensures
that the material
matters are
catered in Sasol’s
strategy while the
development of
key performance
indicators will enable
the review the
material matter.
Risk impact
Impact on Sasol
Timeframe
Approval by GEC
and material matters
submitted to
the Board via the
Audit Committee.
We monitor progress
made against material
matters and disclose
as relevant in the
Integrated Report.
6
People
Three assessment
sessions held
with stakeholder
representatives
and issues scoring
above 6 included
as a potential
material matter.
The proposed
material matters
impact is verified
against the prioritised
SDGs and are
approved by the
Group Executive
Committee (GEC)
and submitted to
the Board via the
Audit Committee.
High
REVIEW
Reputational
123 issues submitted
by stakeholder
representatives.
5
DOCUMENT
Market
An eight-factor
materiality matrix
referencing Sasol’s
ERM Framework and
the six capitals is
used in the
assessment.
4
APPROVE
Strategic
Stakeholder
representatives
consulted included;
customers,
all businesses,
employees,
government,
shareholders, NGOs,
suppliers and
the media.
3
EVALUATE
Operational
PROCESS
ACTIONS UNDERTAKEN
Potential issues
qualifying as material
matters are identified
through internal and
external stakeholder
representative
submissions.
• Matters ranked at 6 and above are included as proposed material matters.
Financial
2
IDENTIFY
• Each issue is first assessed against 9 impact factors guided by
the ERM Framework’s materiality assessment matrix and by reference
to the six capitals, providing a weighted average score, placing each
issue on the impact grid below.
Impact on stakeholders
1
Assessing the impact of issues on Sasol and our stakeholders
23
7,7
SC = Social Capital
HC = Human Capital
