Sasol Integrated Report 2023 - Book - Page 84
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
REMUNERATION REPORT CONTINUED
REMUNERATION REPORT // IMPLEMENTATION REPORT
IMPLEMENTATION REPORT //
This section provides an overview of the implementation of the Remuneration
Policy. It sets out the relationship between company performance and Executive
Directors’ and Prescribed Officers’ remuneration outcomes as well as progress
against the MSR.
The tables in this section provide information on all amounts received or receivable
by members of the GEC for FY23 (including the President and CEO, Executive
Directors and Prescribed Officers).
The structure of the Implementation Report, is as follows:
Incentive Plan
outcomes
• Group performance targets for STI awards made
in FY23 and performance results.
• Performance vs. Corporate Performance Targets
in respect of LTIs that are due to vest in FY24, as at
the end of the performance period 30 June 2023.
Executive Directors
and Prescribed
Officers (tabulated
separately)
• Disclosure of remuneration and benefits paid
in terms of the single total figure methodology
including the STI amount awarded for FY23 and an
estimated value relating to the vesting of LTIs in
FY24, in respect of the performance period ended
30 June 2023.
• Outstanding LTI holdings.
• Progress against MSR.
NEDs
• Fees paid during FY23.
Key Remuneration Outcomes1
1
SASOL INTEGRATED REPORT 2023
83
Salary/TGP
adjustments
Included a market review as well as consideration of
the fact that for two years, low or no increases were
granted, in a period of high inflation.
STI (excluding
fatality penalty)
Group:
Energy:
Chemicals:
Mining:
Outcomes in respect of Group and Business
scorecards:
71,5% (CEO and CFO)
76,3%
71,1%
59,7%
LTI
67,34% out of 75%; performance assessment on
the balance of 25% postponed until more clarity is
obtained on Eskom's grid access.
In total, the actual total remuneration for members of the GEC, varied between 51% and 84% of target
remuneration for FY23
