Sasol Integrated Report 2024 - Book - Page 134
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
GOVERNANCE continued
NON-FINANCIAL DATA (NFD) MANAGEMENT AND GOVERNANCE
OUR COMMITMENT
Our commitment to meeting the needs of our
stakeholders for reliable, complete and accurate data,
remains paramount. Our Non-financial Data (NFD)
includes aspects related to Safety, Health and
Environment (SHE) as well as Sustainability Data
(SD). We employ a combined assurance model
to our NFD.
OUR GROUP APPROACH
The Sasol Group Procedure for NFD Reporting sets out a clear reporting processes together with the relevant
key performance indicators, ensuring completeness and accuracy. This is supported by timeous collection
of NFD that enables both efficient internal and external reporting. Additional detailed reviews have been
undertaken to ensure our readiness to adopt and support the new reporting requirements. By leveraging
our current data management platform, the SAP Sustainability Performance Management (SuPM) module,
we are able to solicit key NFD at an Operating Model Entity (OME) level. SuPM provides us with the capability
to meet the data governance requirements set out in our Group Procedure and ensures data is efficiently
reviewed and approved at the appropriate levels.
PERFORMANCE
In employing the combined assurance model, we believe that the
robust external assurance process provides enhanced confidence
in the quality, reliability and accuracy of our NFD. This year, a new
third-party auditor (KPMG) was introduced to provide assurance
on both our financial and NFD. Given the forthcoming new NFD
reporting standards for the International Sustainability Standards
Board, the Corporate Sustainability Reporting Directive and the
United States Securities and Exchange Commission, harmonisation
between Sasol’s financial and NFD reporting processes are of
paramount importance.
Continuous improvement of our nonfinancial data reporting processes
The New Reporting Requirements (NRR) working group
has been established to ensure seamless integration
of new and upcoming reporting requirements. It also
coordinates and integrate the deliverables related to
the respective working streams. In addition, the NFD
reporting process is supported by Sasol’s Procedure
for the Measurement, Reporting and Verification of
greenhouse gases.
The journey to evolve our operating model by
streamlining and reorganising to strengthen our One
Sasol identity makes it necessary to reconfigure our
SAP SuPM system to reflect these organisational
changes. This reconfiguration will be conducted in
phases as levels of the new streamlined model are
communicated in the upcoming months.
In addition, Sasol is currently investigating replacement
options for our existing reporting SAP SuPM platform.
This has been a key stream of the NRR working group,
where the scope and system requirements have been
reviewed and approved. The enhancement of the
reporting platform will allow efficiencies in the
collection, analysis and presentation of NFD in line with
industry best practice and the new reporting
requirements. It remains our imperative to ensure that
we are able to efficiently provide decision-useful
information to our stakeholders.
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