Sasol Climate Change Report 2023 - Book - Page 10
INTRODUCTION
TRANSFORMING FOR RESILIENCE
GOVERNANCE
CLIMATE ADVOCACY AND POLICY
DATA AND ASSURANCE
MESSAGE FROM THE CHAIRPERSON OF THE SSEC
Our work is challenging but it is important and
urgent. I am encouraged by Sasol’s commitment
to continue decarbonising its operations.
Muriel Dube //
Chairperson of the SSEC
Dear stakeholders
In supporting the drivers shoring up our long-term value-creation
proposition, we reflect on a year of dedicated advances to decarbonise
Sasol and deliver a just transition. Achievements include:
principles; since 2018 the company has endorsed the
TCFD recommendations and discloses progress
towards Future Sasol. Further, in the interest of
disclosure with integrity, we particularly welcome the
publication, in this report (see page 67), of Sasol’s
formalised Climate Advocacy Declaration, which
requires the company to meet the standards and
processes that support Future Sasol. With multiple,
often diverse stakeholders, the company's recently
improved performance on the S&P Dow Jones
Sustainability Index and other indices further
supports the trajectory and substance of Sasol’s
approach.
The company has the potential to not only
substantially mitigate its own GHG emissions but
also contribute towards the global decarbonisation
effort by creating new value pools for a low-carbon
future, and supporting delivery of the SDGs. This
provides Sasol with considerable leadership
responsibility. For this reason, Sasol is sharing its
knowledge, resources and processes with multiple
new partners while continuing to increase
investment in its R&D capability. This is consistent
with Principle 9 of the UN Global Compact, which
encourages the development and diffusion of
environmentally friendly technologies.
• further progress on procuring more than 600MW of renewable energy;
• production of Sasol’s first green hydrogen from Sasolburg;
• an approximate 5% reduction in GHG emissions, albeit due to lower
production, with ongoing mitigation efforts; and
• announcing a 50/50 JV agreement with Topsoe, subject to approval by
the relevant authorities, to produce SAF.
Energy and process efficiency improvements continue
across the Group and enjoy due recognition in the
company’s remuneration structures and policies.
We continue to make measurable progress on multiple
fronts, for instance, improving scope 3 emissions
reporting, embedding sustainability certification and
advancing Sasol’s just transition plans.
With commitment to its climate change principles
and the principles contained within the UN Global
Compact, Sasol has remained resolute at a time of
heightened pressure on companies to demonstrate
increased agility during unprecedented volatility.
Globally, there is uncertainty around decarbonisation
pathways relating to technology options, regulation
and legislation and the availability of resources,
notably capital. In addressing affordability,
disciplined capital-allocation principles form the
basis of Sasol’s approach, which will see capital
allocated in a phased manner from 2025.
In 2023, the Intergovernmental Panel on Climate
Change (IPCC) and the UN Expert Group on Net-Zero
Emissions Commitments released their latest
reports, urging action on climate change by state and
non-state actors. Meaningful, honest and
transparent disclosure is one of Sasol’s core
Chemicals plant, Brunsbüttel, Germany
SASOL CLIMATE CHANGE REPORT 2023
9
“Sasol can substantially
mitigate its own GHG
emissions and help the
world to decarbonise”
This report responds to calls from stakeholders for
granularity on Sasol’s decarbonisation ambitions
– four years since its first external annual climate
change communication. Unfolding global
sustainability reporting developments are a further
reminder of the need for ongoing disclosure on
Sasol’s plans to meet stakeholder expectations.
Muriel Dube
Chairperson of the SSEC
30 August 2023