Sasol Integrated Report 2024 - Book - Page 37
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
RISK MANAGEMENT continued
RISK MANAGEMENT IS INTEGRATED INTO OUR DECISION-MAKING PROCESSES AND DAILY OPERATIONS
Our Group top risks by aspect and risk themes continued
3
continued
ASPECT 3: EMPLOYEE VALUE PROPOSITION
RISK THEME
People
RISK DESCRIPTION
Includes risks associated with:
• inadequate supply of required
skills in the market;
• inability to attract and retain
critical skills; and
• employee wellbeing and
disengagement.
POTENTIAL IMPACT
RESPONSE
• Pressure to deliver on the employee
value proposition
• Inefficiencies in business and operational
processes
• Business and operational impacts which
could potentially cause interruptions
• Safety incidents at work
4
• Integrated talent management framework
• Identifying future critical skills required to deliver the Future Sasol strategy
• Competitive remuneration policy, employee value proposition and employer brand
• Culture of inclusion and care is driven across all regions, with tailored communication
to address employee concerns as new issues arise
• Sasol employee wellbeing programmes
ASPECT 4: STAKEHOLDER IMPACT
RISK THEME
Stakeholder
RISK DESCRIPTION
Includes risks associated with:
• managing stakeholder
relations across a broad
spectrum of key stakeholders;
• being seen as a credible
stakeholder partner; and
• meeting transformation
and local content objectives.
POTENTIAL IMPACT
RESPONSE
• Diminished credibility and reputation
• Breakdown in relations with the host
government
• Threats to our transformation
and localisation targets
• Threat to our legal and social licence
to operate
• Access to capital markets constrained
• Advancing our Integrated Advocacy Plan to enable the business outcomes for both
the ‘business of today’ and the ‘business of tomorrow’
• Proactive ongoing stakeholders’ relationship management
• Regular internal and external stakeholder surveys and assessments
• Monitor and timeously respond to shareholder and stakeholder concerns
• Regular tracking of Sasol’s delivery on commitments
• Partnerships with local governments to develop comprehensive local content strategy and plans
• Social investment programme
SASOL INTEGRATED REPORT 2024
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