Sasol Integrated Report 2023 - Book - Page 44
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
CREATING VALUE USING THE SIX CAPITALS
HUMAN CAPITAL
Value created
HC
SC
Paid taxes of R49,4 billion in South Africa (R52,6 billion)
and R2,2 billion in Mozambique (R1,6 billion)
High-severity rate 9,96 (16,00)
B-BBEE Level 3 (Level 3)
Statutory reported occupational diseases 51 (38)
Black-owned business spend R41,7 billion (R33,6 billion)
Total employees – permanent and non-permanent 29 073 (28 630)
Total social investment spend R857,3 million (R743,3 million)
Bursaries 602 (352)
Value eroded
NATURAL CAPITAL
NC
Set short-term water targets which is being monitored at Sasol
Energy – Secunda Operations, Sasolburg and Ekandustria Operations
and Sasol Mining
Construction started on the 69MW Msenge Wind Farm, which signed a
PPA in January to supply Sasolburg Operations with renewable electricity.
It is located near Bedford, Eastern Cape
Introduced renewable electricity at Eurasia operations in 2022
Continued with our air quality offsetting programme resulting in the
avoidance of emissions of more than 207 tons PM10, 194 tons of PM2,5
and 80 tons of SO2 in the surrounding community airshed
Spent R1,4 billion on skills development (R1,2 billion)
Wages and benefits R35 billion (R33 billion)
ADMINISTRATION
Value preserved
SOCIAL CAPITAL
Work-related fatalities two (five)
OUTCOMES
GOVERNANCE AND REWARDS
KEY ACTIONS TO SUSTAIN VALUE
• Addressing barriers to gender equity and placing emphasis on
equitable representation, skills and capability building and ensuring
an inclusive culture for women
• Implemented ‘Investing in the Sasol Leader of the Future’
programme, partnering with experts to define the leadership
capabilities required to deliver on our strategy and enhance
our performance management systems
• Delivering on our ‘Promise to Society’, which is to be a catalyst for
change, driving shared socio-economic value and by strengthening
relationships with stakeholders, including regulators
• Undertaking a no compromise approach in further embedding
our humanising safety initiative as we redouble our efforts on
the ‘Reset’ horizon
OUTCOMES
FINANCIAL CAPITAL
In North America:
• Exposed 80% Hispanic female mentees to same-ethnicity women
thriving in science, technology, engineering, mathematics (STEM) careers
• Partnered with Chemical Education Foundation, which conducted
a teacher development workshop and hosted two hands-on activities
for STEM enrichment
In South Africa:
• Implemented innovative capacity-building programme for 150 Technical
and Vocational Education and Training (TVET) college lecturers,
combining virtual training and practical workshops to enhance skills
• Launched the virtual Sasol Techno-X, attracting over 36 000 learners
• Pioneered the Sasol-Eskom TVET bursary to foster educational
opportunities
In Mozambique:
• Provided 1 200 science school kits to Temane and Mangungumete
Primary Schools, with essential supplies
FC
MANUFACTURED CAPITAL
MC
• Developed emission reduction roadmaps for 2030 and 2050 to
progressively decarbonise our operations focusing on sustainable
feedstocks like green hydrogen, renewables and sustainable carbon
at scale
• Improving on identified actions to short-term water targets set
• Undertook a biodiversity footprint assessment at Secunda and
Sasolburg which will enable us to determine how to maintain and/or
enhance biodiversity
INTELLECTUAL CAPITAL
Earnings before interest and tax (EBIT) R21,5 billion (R61,4 billion)
Secunda Operations production 6 935 kilotons (6 852 kt)
Total global granted and pending patents 2 282 (2 590)
Cash generated by operating activities R64,6 billion (R56,1 billion)
Natref production 17,8 mm bbl (19,3 mm bbl)
Corporate bursaries 602 (352)
Headline earnings per share (HEPS) R53,75 (R47,58)
Liquid fuels white product sales 51,0 mm bbl (51,0 mm bbl)
Invested R1,4 billion in research and development (R1,2 billion)
Liquid fuels black product sales 2,7 mm bbl (2,7 mm bbl)
Invested R1,4 billion in skills development (R1,2 billion)
Capital expenditure R30,9 billion (R22,6 billion)
Investment in employee learning R1 092 billion (R957 million)
Depreciation and amortisation R16,5 billion (R14,1 billion)
Development of an innovative Sasol catalyst, CoFT to produce a
carbon-neutral e-fuel
Over R10 billion payable to shareholders in dividends (over R9 billion paid)
Attributable earnings R9,0 billion (R39,0 billion)
Net debt to EBITDA 1,3 times (1,1 times)
Gearing 44,7% (41,8%)
Net impairment/(reversal of impairment) R33,6 billion (R1,4 billion)
Standard and Poor’s rated Sasol at BB+ (stable outlook) and Moody’s
rated Ba2 (positive outlook) in August 2023
IC
KEY ACTIONS TO SUSTAIN VALUE
• Increased targets set for Sasol 2.0
• Continue to drive strict cost and capital discipline through Sasol 2.0
• Optimise margins by identifying operational efficiencies,
streamlining processes and exploring innovative value-added
solutions
WWW
SR
CCR
•
•
•
•
Improve stability of plant operations
Ensure continuous availability of coal from mining operations
Bring Lake Charles Chemicals Complex (LCCC) to full potential
Leverage advanced and differentiated Sasol FT technology
for sustainable products
For more detail refer to our Sustainability Report and Climate Change Report available on our website, www.sasol.com
SASOL INTEGRATED REPORT 2023
• By reinforcing strong value chain partnerships, we aim to deliver
value through licensing our Fischer-Tropsch (FT) technology
• Continue advancing our PtX technology and product offering
through in-house research and collaboration with leading companies
• Advance offerings across licensing, catalyst sales, and specialised
technical services in the sustainable FT solutions space
Comparative figures for previous year indicated in brackets
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