Sasol Integrated Report 2023 - Book - Page 83
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
REMUNERATION REPORT CONTINUED
ALIGNMENT BETWEEN THE GROUP TOP PRIORITIES AND THE TARGETS SET FOR FY23 AND FY24 STI AND LTI AWARDS
The combination of financial and non-financial metrics allows for value to be created for our shareholders, customers, employees and communities in a sustainable manner.
This means that Sasol will be able to provide chemicals and energy products in a responsible way // Respect people, their health and safety, and the environment
// Contribute to the socio-economic development of the countries within which we operate.
PEOPLE
• Continue to strengthen our Values, culture and
enhance our EmpVP
• Promote diversity, equity and inclusion in the workplace
• Accelerate our capability-building programme
to enable our strategy
• Strengthen stakeholder trust through continued delivery
on community, regulatory and shareholder promises
• Define people and community plans for decarbonisation
roadmaps and emerging value pools
• Deliver on 2030 GHG emissions reduction programme
and environmental compliance commitments
PLANET
• Define pathways to meet 2050 net zero GHG ambition
• Progress opportunities to enable sustainable growth
by strengthening our technology, partnering and
sustainability solutions (including coal value chain)
• Deliver optionality relating to flexible, sustainable
feedstock opportunities
STI:
Health and safety of our employees
and communities
Process safety
Operational safety
Safety Remediation plan
Just transition roadmap
Broad based black economic
empowerment diversity, equity
and inclusion
Preferential Procurement
Customer Centricity
STI:
Energy efficiency improvement
Sourcing of carbon credits
Shifting to lower-carbon products
and green hydrogen
Renewable energy sourcing strategy
Advancing climate action
Advance circular solutions
FY24 GROUP TOP PRIORITIES
• Continue to embed our Values,
culture and enhance our EmpVP
• Promote diversity, equity, and inclusion
in the workplace
PEOPLE
• Ensure safety, operational discipline and care
for our people in our strive for Zero Harm
FY23 GROUP AND BUSINESS
INCENTIVE KEY PERFORMANCE
INDICATORS
• Deliver on our capability building inclusive
of leadership development programs
• Strengthen stakeholder trust through
continued delivery on community,
regulatory, and shareholder promises
FY24 KEY INCENTIVE
PERFORMANCE INDICATORS1
PURSUE ZERO HARM AND ENHANCE
AN INCLUSIVE PERFORMANCE CULTURE
Continue to enhance our EmpVP
Promote diversity, equity
and inclusion in the workplace
Deliver on our capability building
leadership and critical skills
development programmes
Operational Safety
Continuously improve our service
delivery and customer experience
• Deliver on 2030 GHG emissions reduction
program and environmental compliance
commitments
• Progress opportunities to enable
sustainable growth by strengthening
our innovation and technology,
partnering and sustainability solutions
PLANET
FY23 GROUP TOP PRIORITIES
ADVANCE SUSTAINABILITY TOWARDS
MEETING OUR ENVIRONMENTAL
ROADMAP COMMITMENTS
Deliver on 2030 GHG emissions
reduction programme and
environmental compliance
commitments through carbon
offset frameworks
Improved energy efficiency
LTI:
Reduction in scope 1 and 2 emissions
PROFIT
• Maintain balance sheet flexibility through all aspects
of cash flow management while maintaining dividends
• Advance our future growth value streams and
deliver sustainable returns through disciplined
capital allocation
• Enhance operational discipline, efficiency
and effectiveness, and drive reliable feedstock
supply and operations across all value chains
• Continuously improve our service delivery
and customer experience
STI:
Sales volumes
Cash fixed costs
Free cash flow/turnover
Sustainable net working capital
Capital expenditure
LTI:
Return on invested capital
(ROIC) > WACC +1% for SA and
the US respectively
rTSR to exceed peer group median
• Deliver Sasol 2.0 commitments
PROFIT
• Deliver Sasol 2.0 in a prioritised, sequenced manner
and mature the value creation plan for FY24/25
1
SASOL INTEGRATED REPORT 2023
82
DELIVER AND MAXIMISE VALUE
• Deliver coal deployment and quality
remediation plans
Deliver Sasol 2.0 ‘Reset’
commitments
• Enhance operational reliability,
efficiency and effectiveness
Deliver coal deployment and
quality remediation plans
• Maintain balance sheet flexibility,
cash flow management while driving
selective growth
Enhance operational and functional
performance, efficiency and
effectiveness
• Unlock value by continuously
improving service delivery and
customer excellence
Maintain balance sheet flexibility,
cash flow, cost management while
ensuring reliable operations
Performance indicators are included in the Group scorecard and individual performance agreements of employees as appropriate
