Sasol Integrated Report 2023 - Book - Page 45
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
EFFECTIVELY MANAGING TRADE-OFFS OF OUR CAPITALS
MATERIAL MATTER: Safety of our people
TRADE-OFF
1
Providing a safe working environment
and fulfilling our commitment
to Zero Harm while maintaining
production of high-value products.
While we aim for efficiency in our production
processes, this can never be at the expense
of our people’s health and safety. We need to
invest time and money to ensure we humanise
safety, making it part of our daily processes.
Over the long term, an embedded culture
of caring to achieve Zero Harm helps eliminate
fatalities and high-severity incidents, reduces
our recordable case rate (RCR) and enhances
operational efficiency.
CAPITALS IMPACTED
Short-term
impact
Contributing to the enablement
of our strategy
DEFINITION
SHORT TERM
Continued investment in safety training, equipment and infrastructure. As our
safety culture is embedded and there are fewer incidents and work stoppages,
productivity improves, supporting profitability
FC
In addressing our material matters, managing our business and
delivering on our Purpose and strategy, we face trade-offs. To ensure
that our decision-making is effective and leads to the most desirable
outcomes, we assess the availability of the capitals on which we rely
and our impact on them over the short, medium and long term.
The loss of lives, the injuries sustained and the health issues experienced
by our employees and communities
HC
Our safety RCR was broadly stable in the year, but still too high
Provided psychological and wellbeing support to our employees
MC
By improving the safety of our people, we record fewer work stoppages,
supporting manufactured capital
SC
Our health and safety commitments support community health as well as our
social licence to operate and bolster our credibility among stakeholders
IC
Our industry-leading safety standards and initiatives are in place to
safeguard lives
UP TO FIVE YEARS AHEAD
MEDIUM TERM
FIVE TO TEN YEARS AHEAD
LONG TERM
Long-term
impact
MORE THAN TEN YEARS AHEAD
The only constant in our operating reality is change. In order to ensure
we remain future-fit we need to continuously access our capitals
and evaluate practical use to manage impacts.
There is a balancing process in managing short-term and long-term
consequences.
Decrease in capital
SASOL INTEGRATED REPORT 2023
44
Increase in capital
Ongoing use of capital