Sasol Integrated Report 2024 - Book - Page 5
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
INTEGRATED THINKING AT SASOL
Our robust integrated reporting process is continuous and informed by engagements with an extensive range of stakeholders
to recognise what they consider as important, and forms part of our materiality assessment. This is complemented by
benchmarking and the consideration of applicable reporting standards and frameworks we adhere to. Our process is further
enhanced by ongoing risk and opportunity assessment, analysis of our operating context and determination of our Material
Matters and how we respond to these. We follow the double materiality process in terms whereof we periodically undertake
page 40.
a full assessment or reviews as outlined on
The relevant information is compiled and validated through our internal reporting and Combined Assurance Model, reviewed
and approved by our Group Executive Committee and Sasol Limited Board of Directors (the Board). This reporting approach
strengthens our internal reporting systems, assists us in integrated thinking, informs strategic objectives and shapes our value
preservation and value creation commitment.
OUR INTEGRATED REPORT
PERIOD
Produced and published annually and covers our financial year 1 July 2023 to 30 June 2024.
Any subsequent material events up to the Board-approval date in August are also included.
BOUNDARY
Report on the primary activities of the Group, our subsidiaries, joint ventures and other investments
where we have financial control and significant influence.
REPORTING ON
ENVIRONMENTAL,
SOCIAL AND
GOVERNANCE
(ESG) METRICS
AUDIENCE AND KEY
STAKEHOLDERS
Our Integrated Report (IR) extends beyond financial reporting and includes key ESG performance
metrics.
www
DIRECTORS’ APPROVAL OF INTEGRATED REPORT
The Board is ultimately responsible for ensuring the integrity of Sasol’s
integrated reporting. The Board gave attention to management’s
evaluation of the effectiveness of the disclosure controls and procedures.
Other than the material weaknesses and other internal financial control
deficiencies which have been reported in the Annual Financial Statements,
we believe Sasol has designed such internal controls over financial
reporting to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements
for external purposes in accordance with International
Financial Reporting Standards. Notwithstanding the deficiencies in
internal financial control we confirm that the 2024 Integrated Report
addresses all significant issues and Material Matters which affect the
Group’s ability to create, preserve or erode value and fairly represents
the Group’s integrated performance. This report and its publication
was approved on 28 August 2024.
The Board confirms that Sasol is in compliance with the provisions
of the Companies Act, 71 of 2008 relating to its incorporation and is
operating in conformity with its Memorandum of Incorporation (MOI).
Board review and approval
Additional detail is available on our website www.sasol.com
Our Integrated Report (IR) intends to address the information-needs of our stakeholders interested
in Sasol’s overall performance and our ability to create, preserve or erode value over the short,
medium and long term, considering risks and opportunities.
Simon Baloyi
Manuel Cuambe
Tim Cumming
Executive Director
and President and
Chief Executive Officer
Independent
non-Executive Director
Independent
non-Executive Director
Muriel Dube
Martina Flöel
Kathy Harper
KEY STAKEHOLDERS
Shareholders and
providers of capital
Employees and
organised labour
Customers
Governments
and regulators
Communities
and societies
Non-governmental
organisations (NGOs)
Business/joint
ventures (JVs)
Suppliers
Organised business
and industry
Media
INTEGRITY
OUR SIX CAPITALS
The Sasol Limited Board of Directors (the Board)
• Ensures the integrity of our integrated reporting process
• Gives attention to management’s evaluation of the effectiveness of the disclosure controls and
procedures through the Combined Assurance Model and internal control framework and assessment
• Gives final approval for publication after relevant auditing process
FC
HC
Financial capital
Human capital
NC
MC
Natural capital
SC
Manufactured capital
IC
Social capital
Intellectual capital
SASOL INTEGRATED REPORT 2024
3
Independent
Independent
non-Executive Director and non-Executive Director
Lead Independent Director
Independent
non-Executive Director
Vuyo Kahla
Trix Kennealy
Nomgando Matyumza
Executive Director
Independent
non-Executive Director
Independent
non-Executive Director
Mpho Nkeli
Hanré Rossouw
Stanley Subramoney
Independent
non-Executive Director
Executive Director and
Chief Financial Officer
Independent
non-Executive Director
