Sasol Integrated Report 2023 - Book - Page 40
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
OUR MATERIAL MATTERS
We periodically review the matters that are most material to us as these have the potential to help or hinder the delivery of our strategy and
substantively affect our ability to create value over time. In determining or reviewing our material matters we consider both internal and external
perspectives of our stakeholders by following a double materiality approach. Once the perspectives have been determined they are assessed
against a materiality assessment matrix and by referencing the six capitals.
PROCESS
ACTIONS UNDERTAKEN
IDENTIFY
1
Whether potential issues from internal and
external stakeholders necessitate a review of
the material matters.
An eight-factor materiality matrix referencing
Sasol’s Enterprise Risk Management (ERM)
Framework and the six capitals used in
the assessment.
IDENTIFY ISSUES
The proposed material matters impact verified
against the prioritised SDGs and are approved
by the GEC and submitted to the Safety Social
and Ethics Committee (SSEC), a delegated
Board Committee.
2
INTERNAL AND EXTERNAL
EVALUATE
3
GUIDED BY EIGHT-FACTOR MATERIALITY MATRIX AND SIX CAPITALS
APPROVE
4
DOCUMENT PROCESS
5
REVIEW
ALIGN WITH ASSURANCE
MONITOR PROGRESS
The support of the Chief Financial Officer and
Executive Vice President: Strategy, Sustainability
and Integrated Services is obtained.
Approval by GEC and material matters submitted
to the SSEC.
DOCUMENT
4
The process is documented for assurance
purposes and is disclosed in our
Integrated Report.
BY OUR GROUP EXECUTIVE COMMITTEE (GEC)
Two assessment sessions held with functional,
business and external stakeholder
representatives to evaluate whether a review
of the previous material matters was required.
APPROVE
3
1
43 issues submitted for evaluation.
EVALUATE
2
OUR FIVE-STEP DOUBLE MATERIALITY APPROACH
Representatives of our key stakeholders were
consulted to determine stakeholder issues.
Process documented throughout.
REVIEW
5
We monitor progress made against material
matters and disclose as relevant in our
Integrated Report.
SASOL INTEGRATED REPORT 2023
39
Continuous monitoring ensures that the material
matters are addressed in Sasol’s strategy while
the development of key performance indicators
enables the review of the material matters.
