Sasol Integrated Report 2024 - Book - Page 72
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
SAFETY, SOCIAL AND ETHICS COMMITTEE CHAIRMAN’S STATEMENT continued
A detailed overview of the key areas the Committee focussed on during the financial year.
SAFETY
CONTINUED COMMITMENT TO THE SUSTAINABLE DEVELOPMENT GOALS (SDG’s)
During the financial year, we experienced the irreparable loss of five colleagues in work-related
incidents, including one just before the publication of this report. These losses are sorely felt
by us all and our thoughts are with the bereaved families and loved ones. This unbearable loss
serves as a stark reminder of the responsibility we bear to ensure the wellbeing of everyone
in the Company. The safety of our employees is paramount and we recognise the need for
more impactful interventions. The Board has urged management to prioritise safety initiatives,
reinforce life-saving rules and ensure leadership visibility to arrest this devastating trend.
The CEO and Group Executive Committee remain accountable for implementing the necessary
safety culture and behaviours across the organisation.
Since 2019, we have prioritised five SDG’s where we can make the most impact. During the
financial year, we added Gender Equality as a priority aligning with our commitment to equitable
representation and an inclusive workplace. We will continue to focus on improving gender
role categories, with a particular emphasis on African and Coloured women in South Africa.
As highlighted later in the report, we increased the number of African and Coloured women in
succession pools for senior leadership and critical roles and implemented focused leadership
programmes for them.
STREAMLINING OUR REPORTING AND PROGRESSING OUR CONFORMANCE
TO GLOBAL REPORTING STANDARDS
COMMITMENT TO HUMAN RIGHTS AND ENSURING ETHICAL CONDUCT
To better align with international standards, we have consolidated our Sustainability and
Climate Change Reports into the Integrated Report for the financial year 2024 with a more
focused Environmental, Social and Governance (ESG) section. This provides stakeholders
with a comprehensive overview of our activities in a single succinct report.
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In 2021 we set a goal to improve our ESG ratings annually, aiming for inclusion in the Standard
& Poor’s Corporate Sustainability Assessment for the Dow Jones Sustainability Index (DJSI).
Since setting the aspiration, we have increased our ratings for six of the seven agencies for
which we complete questionnaires.
While we have not yet achieved DJSI inclusion, our improved scores
have qualified us for inclusion in the 2024 Standard & Poor’s
Sustainability Yearbook, recognising companies making strides
in sustainability. Of 533 chemical companies evaluated globally,
only 33, including Sasol, were included in the Yearbook. Domestically,
we were ranked third of the top 10 ESG scores in South Africa.
We believe that our performance is reflective of our continued
efforts to becoming more sustainable. Our improved performance
on the Standard & Poor’s Corporate Sustainability Assessment
has also resulted in our inclusion in the Standard & Poor’s Global
LargeMidCap ESG Index.
Principle 1 – Businesses should support and respect the protection of internationally
proclaimed human rights; and
Principle 2 – Businesses should make sure that they are not complicit in human rights abuses.
Our commitment to upholding human rights in all our business activities is embedded
in our policies and practices related to fair labour and employment, extending to our
business relationships, including suppliers. We are also addressing the growing concern
about human rights issues related to environmental and climate change management
globally. To mitigate this, members of management are incentivised to deliver on various
climate-related targets.
In closing
During FY25, Sasol will be driving efforts toward optimising the Emission Reduction Roadmap
to include value-creation opportunities. The aim is to stabilise the business and recover
to business-as-usual production levels, while still decarbonising and reducing
the carbon intensity of the business.
For additional insights into our efforts, refer to the ESG section available on our website www.sasol.com/esg
The Board determines Sasol’s values, including principles of ethical business practice and
responsible corporate citizenship. The Committee oversees the ethics programme to ensure
these standards are communicated and upheld throughout the Group.
Since 2001, Sasol has been a signatory of the Ten Principles of the United Nations
Global Compact. The first two principles relate to human rights and provide that:
We will continue to report on all other ESG matters available on our website www.sasol.com/esg
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PERFORMANCE
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Sasol supports the Forward Faster initiative and has also actively participated in the Voluntary
National Review for the Sustainable Development Goals, reflecting our commitment to
sustainability and transparency.
As I reflect on FY24, it is clear that we are making progress on our journey to becoming more
sustainable. I am confident that we have fulfilled our mandate as required by the Companies Act 71
of 2008 and that there were no instances of material noncompliance with applicable ESG laws
and regulations. My appreciation to Team Sasol, my colleagues on the Board for their resolute
commitment to the work of the SSEC and in fulfilment of responsive stakeholder engagement.
Muriel Dube
Safety, Social and Ethics Committee Chairman
29 August 2024
SASOL INTEGRATED REPORT 2024
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