Sasol Climate Change Report 2023 - Book - Page 49
INTRODUCTION
TRANSFORMING FOR RESILIENCE
GOVERNANCE
CLIMATE ADVOCACY AND POLICY
DATA AND ASSURANCE
ADAPTATION CONTINUED
Our approach to developing an adaptation strategy for our 2023 work programme encompasses multiple responses (see below). We employ this multi-dimensional approach
to execute on our adaptation strategy across these various categories. A concise description of each category is provided, highlighting our progress and challenges, along
with future work.
DESCRIPTION
Physical climate
risk identification
and assessment
ADAPTATION
STRATEGY
Outlining
the company’s
strategy to
manage and
adapt to
climate risks.
PROGRESS TO DATE
Proactive
adjustments to
a changing
climate.
Site and
infrastructure
resilience
Emergency
preparedness and
response
Supply-chain
resilience
Collaboration and
partnerships
Community
engagement
Evaluating climate-related
risks, including the
vulnerability of operations,
infrastructure, supply
chains and assets, and
identifying their potential
impact.
Proactive and reactive
responses (including
insuring assets) are
essential in addressing
measures taken to
enhance the resilience of
infrastructure against
climate-related hazards.
Addressing how the
company plans to
respond to extreme
weather events and
other climate-related
emergencies.
Efforts to ensure the
resilience of supply
chains.
Working with
stakeholders to
enhance adaptive
capacity.
Focusing on
collaboration with local
communities to enhance
adaptive capacity.
In 2018, we undertook
downscaled climate
modelling at our main
operating sites. This,
once-off but detailed
analysis, involved
understanding weatherrelated impacts on a
granular resolution for
our most at-risk sites:
Sasolburg, Secunda, Lake
Charles and Mozambique.
Further work on
site-specific adaptation
risk profile reviews
confirmed that there are
no new risks identified
for our at-risk sites.
While our operations
have a good
understanding of
potential physical climate
change risk events, more
work is being undertaken
to align potential business
impact with risk events.
We have in place systems
and tools, including early
warning, emergency
response and overall
preparedness for extreme
weather events. These are
continuously refined and
updated as gaps are
identified.
Given the complexities
involved, it takes
considerable effort to
comprehensively map and
prioritise activities to
build resilience into our
supply chains. This is a
primary focus.
We acknowledge that we
cannot accomplish our
adaptation goals on our
own. Adaptation-specific
partnerships will help
support our overall
adaptation efforts.
We engage with the
communities where
we operate and
collaborate on projects
that enhance adaptive
capacities.
We are now looking into
the merits of procuring
additional tools to help us
advance our modelling
work into key performance
indicators and quantitative
metrics. In this way, we aim
to keep abreast of changing
climate dynamics, evolving
vulnerabilities and exposure
patterns to undertake
proactive planning.
We have recently
completed a biodiversity
assessment with the
Endangered Wildlife Trust
to pilot the application of
a biodiversity footprint
assessment methodology
to assist in quantifying
biodiversity impacts. This
type of work will help us
increase the resilience of
our operational sites,
see 2023 SR .
SASOL CLIMATE CHANGE REPORT 2023
Collaboration and
information sharing will
be pivotal. As maturity
builds across supply
chains, we aim to work
more closely with our
suppliers, service
providers and customers
to co-create strategies
that effectively address
risks and achieve the
requisite economies
of scale.
48
Similar to when
we partnered with the
CSIR for our downscaled
modelling work (page 21),
we intend to partner with
other academic
institutions, government
bodies and industries that
have expertise in
adaptation. By leveraging
resources and knowledge,
we aim to strengthen our
capabilities.
See page 51 for projects
and ongoing activities.
