Sasol Climate Change Report 2023 - Book - Page 26
INTRODUCTION
TRANSFORMING FOR RESILIENCE
GOVERNANCE
CLIMATE ADVOCACY AND POLICY
DATA AND ASSURANCE
THE FUTURE SASOL STRATEGY
Our strategy established a clear path along three horizons.
We have to RESET our business enabling us to TRANSITION
and to ultimately REINVENT ourselves into a more
sustainable company.
Our strategy to realise the
Future Sasol transition
Resetting the business will enhance cash flow generation
and strengthen our balance sheet, creating financial
headroom to manage our transition and enable continuous
decarbonisation.
During the year we faced several headwinds and we
now have to redouble our efforts to deliver on the RESET
phase to ensure we are able to fund our TRANSITION
and REINVENTION.
Our focus on the activities and initiatives during the RESET
is immediate and as this will not be an easy path, we will
have to:
BE REALISTIC
FOCUS
Ammonia plant, Sasolburg, South Africa
RESET
TRANSITION
DELIVER
on what will take us forward
against targets and market promises
1
Continue to decarbonise assets
(options across gas, green hydrogen)
Step change performance (Sasol 2.0, Lake Charles
Chemicals Complex ramp-up, stabilising Secunda
Operations, improving mining productivity and
coal quality)
Strengthen balance sheet
REINVENT
about our challenges and opportunities
SAFETY AND OPERATIONAL DISCIPLINE
2
Shift portfolio towards more
sustainable solutions (customer-led
innovation, portfolio reshaping)
Shift to gas as transition feedstock
Focusing
attention
on the Reset
phase to build
a resilient
company
Bring sustainable Energy
and Chemical businesses
to maturity
5
Procure renewables
Incubate and scale new sustainable
Energy and Chemical businesses
6
Continue to drive energy efficiency
Lay foundations for future
sustainable businesses
SASOL CLIMATE CHANGE REPORT 2023
CONTINUED SASOL 2.0 DELIVERY
3
CUSTOMER CENTRICITY AND PROFITABILITY
UPLIFTMENT
4
MINING PRODUCTIVITY AND COAL QUALITY
SECUNDA OPERATIONS OUTPUT
LAKE CHARLES RAMP-UP OF SPECIALITY CHEMICAL UNITS
Our focus is on building a resilient company with a strong
foundation business that can propel us into the future.
25