Sasol Integrated Report 2024 - Book - Page 38
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
RISK MANAGEMENT continued
RISK MANAGEMENT IS INTEGRATED INTO OUR DECISION-MAKING PROCESSES AND DAILY OPERATIONS
continued
Tracking and monitoring emerging risks on our watch list
These refer to risks which are identified as part of key developments emerging in our business environment.
This is often characterised by their uncertainty and potential for substantial consequences, making it challenging
to identify, assess and manage.
OUR WATCH LIST
GEOPOLITICAL THREATS
RESPONSE AND OPPORTUNITIES
• Escalating global socioeconomic pressures and inflationary
impacts on the back of global geopolitical tensions
• Economic and policy/regulatory uncertainty, as well as
changing market dynamics with increasing costs of
doing business
TECHNOLOGY DEVELOPMENTS INCREASING CYBER THREATS
• Generative artificial intelligence (GenAI) has increased the
risk of cyber-attacks by making information for simulation
attacks more accessible. We are seeing a growing trend in
AI or GenAI-facilitated breaches
ENERGY TRANSITION
• Ongoing multi-stakeholder engagements to monitor
developments and provide supporting intelligence to business
(eg plausible future scenarios developed through Sasol’s strategic
scenario modelling)
RESPONSE AND OPPORTUNITIES
• Implemented an AI cyber-tool to protect the network
and investigating other GenAI toolsets/co-pilot tools
to strengthen defences
RESPONSE AND OPPORTUNITIES
• Unpredictability and change of pace in the transition of the
global energy sector potentially impacting net zero plans,
delivery on ESG aspirations and potential loss of markets as
customers transition faster to more sustainable products
SUPPLY CHAIN AND UTILITIES
• Global supply chain interruptions
• Increasing utility costs and availability, with specific focus
on water and electricity
STAKEHOLDER ACTIVISM
(SHAREHOLDERS, ACTIVISTS AND NGOs)
• Increasing pressure from shareholders, activists and NGOs on
our delivery against our financial and ESG performance targets
• Updating Sasol’s strategy for sustainable value creation, driving
future innovation, focusing on scalable, no-regret solutions with
more imminent market realisation and staying agile with strategic
signpost monitoring
RESPONSE AND OPPORTUNITIES
• Ongoing multi-stakeholder engagements to monitor
development and provide supporting intelligence to business
RESPONSE AND OPPORTUNITIES
• Proactive and constructive engagement with stakeholders
• Various initiatives to address stakeholders’ concerns and
monitoring of ongoing developments
* Net zero for Sasol is to significantly reduce emissions to a point where only hard-to-abate emissions remain.
SASOL INTEGRATED REPORT 2024
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