Sasol Integrated Report 2023 - Book - Page 18
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PERFORMANCE
CREATING VALUE
GOVERNANCE AND REWARDS
ADMINISTRATION
OUR STRATEGIC DIRECTION CONTINUED
Our ambition
Grow shared value while we transition to net zero* by 2050
SASOL CHEMICALS Growing with our unique chemistry
Bring Lake Charles Chemicals Complex (LCCC) to full potential
Innovate with customers for sustainable solutions
Shift to higher margin speciality solutions
SASOL ENERGY Leading the energy transition in Southern Africa
STRATEGIC OBJECTIVES
Decarbonise our operations
Grow new value pools
Preserve competitive and sustainable returns
SASOL ecoFT Developing sustainable aviation fuel (SAF)
ventures globally using our advantaged FT technology
STRATEGIC OBJECTIVES
Leverage advanced and differentiated Sasol FT technology
for sustainable products
Our ambition, supported by our updated strategy, sets a clear
path for us towards net zero*. We will undertake this by:
THROUGH THE STRATEGIES OF PORTFOLIO BUSINESSES
STRATEGIC OBJECTIVES
resetting our business in order to decarbonise and transition;
enhancing our focus on innovation to drive sustainability;
substantially increasing our focus on partnerships to build
credibility, momentum and augment competitive advantages;
and
leveraging our Fischer-Tropsch (FT) technology for sustainable
growth at scale.
FOCUSED ON VALUE-ADDING ACTIVITIES
TO BUILD PARENTING ADVANTAGE
Oversee strategy
and shape portfolio
via disciplined
capital allocation
Orchestrate
programmatic
transformation
to secure value
Play a key role in SAF commercialisation
SUPPORTED BY A LEAN AND COST-EFFICIENT CORPORATE CENTRE
Assess impact
of material
matters
OUR STRATEGY IS FLEXIBLE IN AN EVER-CHANGING ENVIRONMENT
Review
Group top
priorities
ROBUSTNESS
We continuously test our strategy against a range of future scenarios
AGILITY
We have built flexibility in our strategic choices and pathways to adapt
to external changes and internal learnings
Drive technology
innovation
FORWARD-LOOKING
We monitor signposts that inform our future choices
* Net zero for Sasol is to significantly reduce emissions to the point where only hard-to-abate emissions remain or are zero.
Any residual emissions will be neutralised using carbon dioxide removal offsets.
SASOL INTEGRATED REPORT 2023
17
Unlock cost
and revenue
synergies across
Businesses