Sasol Integrated Report 2024 - Book - Page 42
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
MATERIAL MATTERS
We follow the double materiality approach which considers both the internal and external
perspective when determining our Material Matters. During this process, we also consider
events that occurred in the year as well as the views of our stakeholders. Material Matters
have the potential to impact the delivery of the business strategy either positively
or negatively and therefore affect our ability to create and preserve value over time.
OUR FIVE-STEP
DOUBLE MATERIALITY
APPROACH
Review
A full assessment was undertaken in 2021. This needs to be done every three to four years,
while reviews take place annually. During this process, matters identified are assessed
against a materiality assessment matrix and by referencing the six capitals.
Document
APPROACH
1
3
Evaluate and align
Recommend
• Request made to stakeholders across the business for information that will
provide insight on what their area of business, or the various stakeholder groups
they engage with, regard as pertinent
• Ensure supporting documentation has been reviewed
• Compile and consolidate issues
The potential issues in relation to the impact on Sasol and its stakeholders by:
• Assess and check for alignment of issues in relation to FY24 Material Matters
• Assessing the impact according to the risk-based impact factors
• Determine whether any of the current issues have changed, or if new issues
emerged
• Determine the alignment of Material Matters with strategic priorities
• Confirming whether any of the rankings have changed
• Aligning Material Matters with Group top priorities for the financial year or other
period priorities
• Review to determine if it impacted the prioritised Sustainable Development
Goals (SDGs)
RECOMMEND
The proposed Material Matters and the priorities to the Group Executive
Committee (GEC) for approval and noting to the Board
Propose Material Matters to GEC
DOCUMENT
The process followed in determining Material Matters to maintain transparency
and disclose in the Integrated Report
5
4
2
EVALUATE AND ALIGN
• Ranking the issues and prioritising based on the materiality lens
4
5
IDENTIFY
• Whether any new issues are raised in addition to the current Material Matters
or whether stakeholder representatives have been aware of issues via other
avenues
3
Identify
ACTIONS
• Potential issues from internal and external stakeholders through engagements
that have a paper trail and can be externally assured
2
1
Document processes followed for determination of Material Matters for
assurance purposes
REVIEW
Monitor the progress made against Material Matters and disclose as relevant
in the Integrated Report
Continuous...
SASOL INTEGRATED REPORT 2024
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