Sasol Integrated Report 2024 - Book - Page 167
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
INDEPENDENT AUDITOR’S ASSURANCE REPORT ON SELECTED KEY PERFORMANCE INDICATORS continued
KPMG Inc. applies the International Standard on
Quality Management 1, which requires the firm to
design, implement and operate a system of quality
management including policies or procedures
regarding compliance with ethical requirements,
professional standards and applicable legal and
regulatory requirements.
Auditor’s Responsibility
Our responsibility is to express either a reasonable
assurance opinion or limited assurance conclusion on
the selected KPIs as set out in tables (a) and (b) of
the Subject Matter paragraph, based on the
procedures we have performed and the evidence we
have obtained. We conducted our assurance
engagement in accordance with the International
Standard on Assurance Engagements (ISAE) 3000
(Revised), Assurance Engagements other than Audits
or Reviews of Historical Financial Information, and, in
respect of greenhouse gas emissions, in accordance
with ISAE 3410, Assurance Engagements on
Greenhouse Gas Statements, issued by the
International Auditing and Assurance Standards
Board. Those Standards require that we plan and
perform our engagement to obtain the appropriate
level of assurance about whether the selected KPIs
are free from material misstatement.
The procedures performed in a limited assurance
engagement vary in nature and timing and are less
in extent than for a reasonable assurance
engagement. As a result, the level of assurance
obtained in a limited assurance engagement is
substantially lower than the assurance that would
have been obtained had we performed a reasonable
assurance engagement.
(a) Reasonable assurance
A reasonable assurance engagement in accordance
with ISAE 3000 (Revised) and ISAE 3410 involves
performing procedures to obtain evidence about the
measurement of the selected KPIs and related
disclosures in the Report. The nature, timing and
extent of procedures selected depend on the
auditor’s professional judgement, including the
assessment of the risks of material misstatement of
the selected KPIs, whether due to fraud or error.
In making those risk assessments we have
considered internal control relevant to Sasol
Limited’s preparation of the selected KPIs. A
reasonable assurance engagement also includes:
• Evaluating the appropriateness of
quantification methods, reporting policies
and internal guidelines used and the
reasonableness of estimates made by Sasol
Limited;
• Assessing the suitability in the circumstances
of Sasol Limited’s use of the applicable
reporting criteria as a basis for preparing the
selected information; and
• Evaluating the overall presentation of
the selected sustainability performance
information.
We believe that the evidence we have obtained is
sufficient and appropriate to provide a basis for
our reasonable assurance opinion.
(b) Limited assurance
A limited assurance engagement undertaken in
accordance with ISAE 3000 (Revised) and ISAE 3410
involves assessing the suitability in the
circumstances of Sasol Limited’s use of its Reporting
Criteria as the basis of preparation for the selected
KPIs, assessing the risks of material misstatement of
the selected KPIs whether due to fraud or error,
responding to the assessed risks as necessary in the
circumstances, and evaluating the overall
presentation of the selected KPIs. A limited
assurance engagement is substantially less in scope
than a reasonable assurance engagement in relation
to both risk assessment procedures, including an
understanding of internal control, and the
procedures performed in response to the assessed
risks. Accordingly, for the KPIs where limited
assurance was obtained, we do not express a
reasonable assurance opinion about whether
Sasol Limited’s selected KPIs have been prepared,
in all material respects, in accordance with the
accompanying Sasol Limited Reporting Criteria.
The procedures we performed were based on our
professional judgement and included inquiries,
observation of processes followed, inspection of
documents, analytical procedures, evaluating the
appropriateness of quantification methods and
reporting policies, and agreeing or reconciling with
underlying records.
Given the circumstances of the engagement, in
performing the procedures listed above we:
• Interviewed management to obtain an
understanding of the internal control
environment, risk assessment process
and information systems relevant to the
sustainability reporting process;
• Inspected documentation to corroborate the
statements of management in our interviews;
• Tested the processes and systems to generate,
collate, aggregate, monitor and report the
selected KPIs;
• Performed a controls walkthrough of identified
key controls;
• Undertook site visits and conducted interviews
with relevant key personnel and KPI data
owners to understand the data collection
and report preparation processes and the
associated key controls;
• Inspected supporting documentation on
a sample basis and performed analytical
procedures to evaluate the data generation
and reporting processes against the reporting
criteria;
• Evaluated the reasonableness and
appropriateness of significant estimates
and judgments made by the directors in the
preparation of the selected KPIs; and
• Evaluated whether the selected KPIs presented
in the Report are consistent with our overall
knowledge and experience of sustainability
management and performance at Sasol
Limited.
the Subject Matter paragraph above for the year
ended 30 June 2024 are not prepared, in all material
respects, in accordance with Sasol Limited’s
reporting criteria.
Other Matters
The selected KPIs relating to prior reporting periods
have been subject to assurance by different
assurance practitioners. Assurance procedures were
not performed by KPMG on the selected KPIs
included in the previous Report or on any of the prior
years’ restatements.
The maintenance and integrity of the Sasol Limited’s
website is the responsibility of Sasol Limited
management. Our procedures did not involve
consideration of these matters and, accordingly,
we accept no responsibility for any changes to
either the information in the Report or our
independent assurance report that may have
occurred since the initial date of its presentation on
Sasol Limited website.
Restriction of Liability
Our work has been undertaken to enable us to
express a reasonable assurance opinion and limited
assurance conclusion on the selected KPIs to the
Directors of Sasol Limited in accordance with the
terms of our engagement, and for no other purpose.
We do not accept or assume liability to any party
other than Sasol, for our work, for our report, or for
the conclusion we have reached.
KPMG Inc.
Registered Auditor
Reasonable Assurance Opinion and Limited
Assurance Conclusion
(a) Reasonable assurance opinion
In our opinion and subject to the inherent limitations
outlined elsewhere in this report, the selected KPIs
set out in table A of the Subject Matter paragraph
above for the year ended 30 June 2024 are prepared,
in all material respects, in accordance with Sasol
Limited’s reporting criteria.
(b) Limited assurance conclusion
Based on the procedures we have performed and the
evidence we have obtained and subject to the
inherent limitations outlined elsewhere in this report,
nothing has come to our attention that causes us to
believe that the selected KPIs as set out in table B of
SASOL INTEGRATED REPORT 2024
165
Per Safeera Loonat
Chartered Accountant (SA)
Registered Auditor
Director
29 August 2024
KPMG Crescent
85 Empire Road
Parktown, Johannesburg
2193
