Sasol Integrated Report 2022 - Book - Page 4
INTRODUCTION | ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
DELIVERING
GOVERNANCE AND REWARDS
ADMINISTRATION
INTEGRATED THINKING AND RELATED REPORTING
Our integrated reporting process
Integrated reporting brings together the material information
and aspects of our strategy, governance, performance, opportunities,
outcomes and future outlook of our activities reflected within the
context of People, Planet and Profit. Our Integrated Report aims
to articulate our value preservation and creation story and is relevant
to all our stakeholders. It supports integrated thinking at Sasol.
Our Integrated Report is prepared following a group-wide structured content gathering
process led by the Sustainability and Reporting Team.
The robust process is ongoing and is underpinned by engaging with an extensive range of stakeholders to
recognise what they consider material. This is complemented with benchmarking and the consideration of
applicable reporting standards and frameworks we adhere to (outlined on page 2). Our process is further
enhanced by ongoing risk and opportunity assessment, analysis of our operating context and determination
of our material matters as outlined on page 36.
The relevant information is compiled and validated through our internal reporting and combined assurance
model, reviewed and signed off by the Group Executive Committee with ultimate approval by the Board.
This annual process strengthens our internal reporting systems, assists us in our integrated thinking,
informs our strategic goals and shapes our value creation and preservation story.
Our Integrated Report
1
PLAN:
• Stakeholder
engagement
• Reporting frameworks
• Performance measuring
• Benchmarking
4
APPROVE:
• GEC sign-off
• Board approval
2
Reporting to the
Group Executive
Committee (GEC)
The Board
CONSIDER:
• Risks and
opportunities
• Strategic objectives
• Operating context
• Material matters
PERIOD
Produced and published annually and covers our financial year
1 July to 30 June. Any subsequent material events up to the Board
approval date in August every year are also included.
BOUNDARY
Report on the primary activities of the Group, our subsidiaries,
joint ventures and other investments where we have financial
control and significant influence.
REPORTING ON
ESG METRICS
Our Integrated Report extends beyond financial reporting
and includes key environmental, social and governance (ESG)
performance metrics. Detailed sustainability and climate change
performance is available in our Sustainability Report and Climate
Change Report.
SR
CCR
Addresses the information requirements of our providers
of capital. As we provide information on our opportunities,
risk and outcomes attributable to our ability to create, preserve
or erode value over the short, medium and long term,
this information is also relevant to other key stakeholders
such as employees, customers, government and regulators,
and the communities in which we operate.
AUDIENCE
AND KEY
STAKEHOLDERS
3
For more detail refer to our Sustainability Report and Climate Change Report
available on our website, www.sasol.com
KEY STAKEHOLDERS:
VALIDATE:
• Internal reporting
• Combined assurance
model
• GEC review
• Board review
Employees and
organised labour
Customers
Communities
and societies
Business/joint
ventures (JV)
Organised business
and industry
Shareholders and
providers of capital
Governments
and regulators
Non-governmental
organisations (NGOs)
Suppliers
Media
INTEGRITY –
THE BOARD
SASOL INTEGRATED REPORT 2022
3
• Ensures the integrity of our integrated reporting process.
• Gives attention to management’s evaluation of the
effectiveness of the disclosure controls and procedures
through the combined assurance model and internal control
framework and assessment.
• Gives final approval for publication.