Sasol Integrated Report 2024 - Book - Page 6
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
INTEGRATED THINKING AT SASOL continued
HOW THE INTEGRATED THINKING PRINCIPLES SUPPORT VALUE CREATION
Integrated reporting brings together the material features of our strategy, governance, performance, risks, opportunities, outcomes and outlook reflected within the context of People,
Planet and Profit. We aim to articulate our value creation, preservation or erosion narrative using the six capitals and to show their relevance in relation to all our stakeholders.
Our Group top priorities focus on delivery as we reset our business and bring it to full potential.
Group top priorities
Capitals
Safe, efficient and reliable operations
FC
Culture
Customer value proposition
NC
Stakeholder confidence and growth agenda
OUR INTEGRATED REPORTING PROCESS
Our integrated reporting supports concise and cohesive
communication supported by facts, imparting meaningful and
consistent information. This builds trust and contributes to being
a credible corporate citizen. Our Integrated Report is prepared
following a group-wide structured content-gathering process
led by the Sustainability and Reporting team.
SC
HC
• Reporting frameworks
• Stakeholder engagement
• Performance measuring
• Benchmarking
4 Approve
MC
2 Consider
• Group Executive
Committee approval
• Board approval
• Operating context
• Risks and opportunities
• Strategic objectives
• Material Matters
IC
(Commodity prices, exchange rates, financial
viability, interest rates, cost increases above
inflation and tax liability)
Social capital
(Safety, health and environmental incidents)
Our contribution to and from our fenceline communities, after considering
and appraising their needs and expectations in relation to our business
activities and strategy to drive shared value.
Operational
Human capital
Legal, regulatory and governance
Our diverse, high-performing and innovative employees have the
appropriate skills and experience to support our values-driven culture.
This supports value preservation and creation.
(Non-compliance with legislation,
non-adherence to governance practices,
changing policy and regulatory environment)
Manufactured capital
(Cybersecurity incidents)
Our fixed assets including property, plants, equipment and digital assets,
are core to enabling production and delivery of our product streams to
create and preserve shared value.
Capital investment
Intellectual capital
(Geopolitical tensions, socio-economic impacts
and civil unrest)
SDG 8:
Decent work and
economic growth
Safety
(Major operational, supply chain, utility
and feedstock interruptions impacting
the Group’s value chains)
SUSTAINABLY
DECARBONISING
FOR FUTURE SASOL
ENVIRONMENTAL
STEWARDSHIP
(Effective capital allocation and
project execution)
Geopolitical
STRENGTHENING
RELATIONSHIPS
WITH STAKEHOLDERS
AND REGULATORS
Market
(Business competitiveness, access to markets
and feedstock, supply and/or demand
fundamentals)
Sustainability and transition
• research and development initiatives.
(Climate change impacts, decarbonisation
and just transition)
People
SDG 9:
Industry, innovation
and infrastructure
TRANSFORMING
FOR RESILIENCE
Information management
• brand and reputation; and
Safe and enduring operations
SDG 5:
Gender
equality
(Stakeholder impact, transformation and local
content)
Financial
• operational and control processes, procedures and protocols;
PRIORITISED SUSTAINABLE DEVELOPMENT GOALS (SDGs) –
ALIGNING WITH OUR SUSTAINABILITY FOCUS AREAS
SAFETY OF
OUR PEOPLE
Stakeholder
The direct use of renewable (water, air, land, biodiversity) and non-renewable
resources (coal, natural gas, crude oil), which are fundamental to our business
as we convert hydrocarbon reserves into value-adding product streams.
• proprietary and licensed technologies, patents, software and licences;
• Internal reporting
• Combined Assurance Model
• Group Executive
Committee review
• Board review
(Critical skills, training, employee wellbeing
and succession)
Natural capital
Our competitive advantage is supported by:
3 Validate
Material Matters
People
Financial capital
Disciplined management of cash generated by our operational activities,
sales to customers, divestments, debt and equity financing, which are key
to maintaining and transforming our business and rewarding stakeholders.
Cash generation
1 Plan
Risk themes
Planet
Minimising our
environmental footprint
Resilience in
a low-carbon future
SDG 12:
Responsible consumption
and production
SDG 13:
Climate
action
For more detail regarding Group top priorities refer to page 22, Risk management page 28, Material Matters page 40.
SASOL INTEGRATED REPORT 2024
4
Profit
Growing shared value
SDG 9:
Industry, innovation
and infrastructure
SDG 17:
Partnerships
for the goals
