Sasol Integrated Report 2023 - Book - Page 86
INTRODUCTION
ABOUT SASOL
CREATING VALUE
STRATEGIC OVERVIEW
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
REMUNERATION REPORT CONTINUED
IMPLEMENTATION REPORT CONTINUED
Other than for the President and CEO, CFO and EVP Mining, the STI amount approved is a combination
of performance under the Energy business, Chemical business, Mining business and Group STI scorecards for
FY23; finally modified by the individual performance factor (IPF), which is an outcome of achievements against
the personal performance contract.
Group
Chemicals
Energy
Mining
Component
(0 – 150%)
(0 – 150%)
(0 – 150%)
(0-150%)
PEOPLE
People
Safety
14,2%
10,8%
7,5%
12,5%
Safety remediation plan
–
–
–
4,8%
Environmental incidents
–
–
–
3,8%
Health: Dust Compliance
–
–
–
3,1%
Customer Experience/Centricity
–
12,5%
0%
–
Preferential Procurement
–
–
7,5%
5,2%
B-BBEE/Diversity and inclusion
–
11,7%
5,8%
4,8%
0,3%
7,5%
–
3%
–
5%
–
–
11,3%
–
20,6%
–
–
3,8%
–
Climate Change
PROFIT
Profit
PLANET
Planet
Circular & Sustainable solutions
Reduce GHG emissions/Progress green
hydrogen
Advance renewable energy
Shifting to lower carbon products
and green hydrogen
–
–
–
65,5%
71,1%
–
–
67,74%
EVPs Energy
Business
60% Group/
40% Business
65,5%
–
76,3%
–
69,82%
–
EVPs Corporate
centre
60% Group/
40% Business1
65,5%
–
–
70,9%
67,66%
1,2%
–
EVP Mining
100% Mining2
–
–
–
–
64%
–
–
–
0%
5,5%
–
–
9,8%
11,2%
–
Working Capital
–
6,3%
–
–
Production volumes
–
–
3,7%
0%
Inventory days
–
–
5,8%
–
Receivables
–
–
7,5%
–
3,2%
–
–
–
–
–
1
Combined weighted percentage of the Energy, Chemicals and Mining Business’ final score respectively, calculated as
(40% x 76.3%)+(40% x 71.1%)+(20% x 59.7%).
Performance agreement focused on agreed targets to be delivered at Sasol Mining.
–
5,1%
–
–
12,4%
–
–
–
15%
–
–
–
Capital expenditure
6,2%
5%
0%
5%
Mining cost per ton
–
–
–
0%
Mine reliability
–
–
–
15%
Fulco programme
–
–
–
2,5%
71,5%
71,1%
76,3%
59,7%
Achieved score
(excluding fatalities)
65,5%
65,5%
Controllable Cash fixed costs
Net working capital to Turnover
Energy
score
60% Group/
40% Business
Gross Margin
Free cash flow
Chemicals
score
EVP Chemicals
Business
–
Absolute cash fixed costs
Final
incentive
multiplier
(including
fatalities,
excluding
IPF)
100% Group
2
2,5%
Split Group/
Business
Role
Group
score
(including
fatality
penalty)
Weighted
average of
Chemicals,
Energy
and Mining
score
President and
CEO and CFO
Develop solutions to address GHG
scope 3 emissions
Sales volumes
The following outcomes are applicable to the President and CEO, CFO and Executive Vice Presidents
as indicated in the table below:
SASOL INTEGRATED REPORT 2023
85
