Sasol Integrated Report 2023 - Book - Page 16
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PERFORMANCE
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
OUR STRATEGIC DIRECTION
Our strategy to realise
Future Sasol transition
Our strategy established a clear path along three horizons.
We have to RESET our business enabling us to TRANSITION
and to ultimately REINVENT ourselves into a more
sustainable company.
Resetting the business will enhance cash flow generation
and strengthen our balance sheet, creating financial
headroom to manage our transition and enable continuous
decarbonisation.
During the year we faced several headwinds and we
now have to redouble our efforts to deliver on the RESET
phase to ensure we are able to fund our TRANSITION
and REINVENTION.
Our focus on the activities and initiatives during the RESET
is immediate and as this will not be an easy path, we will
have to:
BE REALISTIC
FOCUS
RESET
TRANSITION
Step change performance (Sasol 2.0, Lake Charles
Chemicals Complex ramp-up, stabilising Secunda
Operations, improving mining productivity and
coal quality)
Strengthen balance sheet
REINVENT
DELIVER
about our challenges and opportunities
on what will take us forward
against targets and market promises
1
Continue to decarbonise assets
(options across gas, green hydrogen)
SAFETY AND OPERATIONAL DISCIPLINE
2
Shift portfolio towards more
sustainable solutions (customer-led
innovation, portfolio reshaping)
Shift to gas as a
transition feedstock
Bring sustainable Energy
and Chemical Businesses
to maturity
Focusing
attention
on the RESET
phase to build
a resilient
company
5
Procure renewables
Continue to drive energy efficiency
Incubate and scale new sustainable
Energy and Chemical Businesses
3
CUSTOMER CENTRICITY AND PROFITABILITY
UPLIFTMENT
4
MINING PRODUCTIVITY AND COAL QUALITY
SECUNDA OPERATIONS OUTPUT
LAKE CHARLES RAMP-UP OF SPECIALITY CHEMICAL UNITS
Our focus is on building a resilient company with a strong
foundation business that can propel us into the future.
Lay foundations for future
sustainable businesses
SASOL INTEGRATED REPORT 2023
6
CONTINUED SASOL 2.0 DELIVERY
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