Sasol Integrated Report 2024 - Book - Page 49
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
MANAGING TRADE-OFFS AND THE IMPACT ON OUR CAPITALS continued
3
CASH GENERATION
It is critical that we stabilise our foundation business by enhancing cost
competitiveness, maximising cash flow, employing optimal capital location
and asset reviews. This will strengthen the balance sheet in the short term
and ensure a competitive and sustainable position in the long term.
TRADE-OFF
TRADE-OFF
2
CULTURE
To reignite our spirit of innovation, we have to change the way we think
and the way things are done. It requires the embedding of a culture that
is driven to reach our full potential.
Capitals impacted
Capitals impacted
SHORT-TERM
IMPACT
FC
NC
MC
LONG-TERM
IMPACT
Reduced returns to shareholders, including pension funds, in the short term.
However, by stabilising our foundation business we create the basis for
competitive returns medium- to-longer term, as well as the ability to
undertake our transition and reinvention
A steadily improving financial position, with marked improvement in the
medium to longer term enables us to invest in a more sustainable Sasol and to
ensure greater resource efficiency
SHORT-TERM
IMPACT
Retaining, developing and attracting new skills aligned for a more sustainable
Sasol
HC
Redundancy of some skills and jobs, particularly for the low carbon future
Constructive engagement with stakeholders including employees and
organised labour; shareholders and providers of capital; customers;
governments and regulators; communities and societies; and nongovernmental organisations
SC
While working to secure a stronger financial posture, our ability to invest in
infrastructure is constrained. However, as this improves, we are better able
to commit more significant resources to this capital
Fostering entrepreneurship and skills development
Incubating new technologies, products and green economy opportunities
IC
SC
In the short term, our efforts to stabilise our business may negatively impact
the performance of the pension – and other – funds that invest in Sasol.
Longer term, this should turn around. The same is true for our contribution
to revenue authorities
Commercialising and licensing Fischer-Tropsch (FT) technology innovatively to
create low-carbon value pools
Improved credibility with our stakeholders, greater engagement with our
financial partners and increased support through bursaries
Decrease in capital
Increase in capital
LONG-TERM
IMPACT
Ongoing use of capital
SASOL INTEGRATED REPORT 2024
47
