Sasol Integrated Report 2023 - Book - Page 41
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
OUR MATERIAL MATTERS CONTINUED
Why this
is a material
matter
The loss of one life is one too many.
PURSUE ZERO HARM
Impact of
material
matter
•
•
•
•
•
•
•
Targets
and metrics
Short term
Medium term
Long term
Productivity
Volume output
Earnings
Growth
Risk management
Sustainability
Reputation
OPPORTUNITIES
• Authentically and genuinely
advance ‘caring’ in the character
of our organisation
• Deliver shared value and growth
• Enhance our reputation
•
•
•
•
Our Zero Harm aspiration continuously reinforced as a Group top priority
Reiterating our value ‘Be Safe’, for oneself and others
Reinforcing our value ‘Be Caring’ and humanising safety
Implementing and reviewing programmes that support our Zero
Harm aspiration
• Including Zero Harm target as part of our executive and employee
incentive schemes
• Zero Harm
• These metrics are ongoing and will remain for the short, medium
and long term as the risks remain inherent to our business. The target
is set every year to improve our year-on-year performance
– High-severity injury rate: We strive to achieve Zero Harm by focusing
relentlessly on preventing high-severity injuries and eliminating
fatalities
– Recordable case rate
– Process safety fires, explosions and releases (FERs): The decrease
in the number of FERs is important as it ensures safe and reliable
operations and improved energy efficiency
– Transport indicator of safety performance
– Introduction of leading indicators in our measurements
• Delivering Sasol 2.0 to ensure
financial resilience
• Stabilising operations
• Optimal feedstock deployment
• Retaining and attracting skills
• Ensuring strong cyber security
• Restoring trust and credibility
• Enhancing leadership focus to
improve collaboration across the
operating model
Why this
is a material
matter
We need our foundation business to be reliable and predictable. This means
we need to get the basics right.
We know how our business needs to respond to ensure that as we reset
we will make sure to be resilient into the future.
DELIVER AND MAXIMISE VALUE
Impact of
material
matter
• Financial stability
• Operational stability
ensuring optimum returns
• Earnings
• Growth
• Risk management
• Sustainability
• Reputation
• Trust and credibility
• Employee Value Proposition
Mitigating
actions
• Delivering on Reset targets
• Attending to operational stability
• Adhering to capital allocation principles to balance maintaining the
integrity and reliability of our existing assets, delivering on our climate
change ambitions, and protecting and growing shareholder returns
• Positive response to the employee Heartbeat survey and implementation
of action plans
• Continue to deliver on our People Promise which includes developing a
skills and capability plan
• Delivering on our Values ‘Be Accountable’ and ‘Be Resilient’ supporting
our commitment to resetting and transitioning to Future Sasol
Short term
Medium term
Long term
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• Not meeting financial targets
• Operational underperformance
and delivery
• Logistics infrastructure and
electricity availability negatively
impacting feedstock availability,
product dispatch and customer
centricity
• Market volatility, geopolitical
uncertainty and disruption
• Inability to retain and attract talent
Group top
priority
Targets
and metrics
SASOL INTEGRATED REPORT 2023
SDGs
HINDER
Ensuring that our employees, contractors and service providers
operate and function safely and return to their families. Safety is
not only a non-negotiable but the bedrock of a sustainable business.
Group top
priority
Mitigating
actions
• Fatalities
• Occurrence of high-severity
incidents
• Perception of air quality impact
on health
HELP
• Humanising safety
• Caring for our people
• Making sure our people return
home safely every day
Resetting for resilience
SDG
HINDER
HELP
Safety of our people
•
•
•
•
•
•
•
OPPORTUNITIES
• Position the organisation to be
future-fit
• Deliver shared value and growth
• Be employer of choice
• Promote innovation
• Enhance our reputation
Improving cash fixed cost
Uplifting gross margin
Managing working capital
Maintaining capital expenditure
Addressing Heartbeat survey outcomes
Maintain a reasonable employee turnover rate
Customer engagement analysis
