Sasol Integrated Report 2024 - Book - Page 162
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
ALIGNMENT BETWEEN THE GROUP TOP PRIORITIES
AND THE METRICS SET FOR FY25 STI AND LTI AWARDS
Looking forward, we continue to align our incentive targets with key priorities.
The following table provides the KPIs which the Committee approved for FY25.
Detailed targets and weightings will be disclosed in FY25.
2025 Group incentive key performance metrics
2025 Group top priorities
STI:
• Process safety
• Achieving operational excellence thus ensuring
that our production targets are consistently and
safely met
• Operational safety – through intensified focus
on reduced Hospitalisations in respect of
injuries sustained at work, requiring medical
intervention
• Revitalising our culture to enhance our employee
value proposition and providing growth
opportunities for our employees
PEOPLE
• Putting safety first by enforcing strict
safety regulations to ensure Zero Harm
• Focusing on environmental stewardship
and licence to operate by delivering on our
environmental compliance commitments and
progressing our GHG reduction roadmap
PLANET
• Strengthening our stakeholder confidence and
trust through continued delivery on community,
regulatory and shareholder promises
STI:
• Energy efficiency improvement
LTI:
• Reduction in GHG emission intensity
• Delivering the FY25 budget including
supporting Sasol 2.0 initiatives for cash fixed
cost, gross margin, capex and working capital
STI:
• Production volumes at Synfuels
• Maximising cash flow by focusing on
opportunities to enhance cash generation
thereby reducing net debt
• Free cash flow/turnover ratio
• Advancing our future growth value streams
and delivering sustainable returns through
disciplined capital allocation
• Gross margin
• Prioritising cost efficiencies including
feedstocks
• Embedding Customer Centricity, optimising
margins and cash generation through meeting
our customer expectations in order to unlock
value and growth for Sasol
• Cash fixed cost management
PROFIT
• Capital expenditure management
LTI:
• Return on invested capital (ROIC)
outperforming weighted average cost
of capital (WACC)
• Relative total shareholder return (rTSR)
assessed against the peer group
• Sustainable net debt (US$) reduction
The Committee aims to ensure continued alignment between the incentive targets and Sasol’s key priorities.
In the STI scorecard, we approved a stronger emphasis on financial outcomes and included gross margin
as a target. In the LTI scorecard, we reduced the weighting for ROIC and included a sustainable net debt
reduction target. We believe these targets will support the required focus on key areas which need to be
delivered on in FY25–27.
SASOL INTEGRATED REPORT 2024
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