Sasol Integrated Report 2023 - Book - Page 42
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
OUR MATERIAL MATTERS CONTINUED
Environmental stewardship
SDGs
• Capital availability to invest
in new technology
• Actively reducing GHG emissions through
energy and process efficiencies and
renewable energy integration
• Enabling and accessing
incentives for development
of green hydrogen
and transitioning initiatives
• Improving resilience of our people,
surrounding communities, supply chains
and infrastructure to a changing climate
• Developed a just transition roadmap
incorporating localisation and socioeconomic empowerment
• Pursuing a power-to-x (PtX), green
hydrogen and sustainable aviation fuel
(SAF) agenda through collaborative
partnerships and innovation
Why this
is a material
matter
• Implications of global carbon
pricing regimes
• Inability of current
operations to adapt to
extreme weather events
resulting from climate
change
We are acutely aware that our Future Sasol strategy is dependent on,
over time, shifting away from our unsustainable coal value chain. In order
to decarbonise at the pace required, we will have to secure the capital
resources while traversing challenging regulatory regimes and a volatile
market.
Group top
priority
ADVANCE SUSTAINABILITY
Impact of
material
matter
•
•
•
•
•
Mitigating
actions
• Enabling the energy transition by ensuring the approved just transition
roadmap is translated into a visible plan which is being actioned
• SAF partnerships being established and others vigorously being pursued
• Maintaining a pipeline of viable green hydrogen initiatives in support
of South Africa’s green hydrogen ambitions
• Sourcing renewable energy and low-carbon feedstock as transition fuels
• The transition risk identified as a new Group Top Risk and made
visible to the organisation
• Reducing scope 1, 2 and 3 GHG emissions based on the decarbonisation
targets set out in our roadmaps
Targets
and metrics
Short term
Medium term
Long term
•
•
•
•
•
Long-term viability
Stakeholder commitments
Risk management
Sustainability
Reputation
OPPORTUNITY
• Developing our technology
will open new growth
avenues and expand the use
of our products
Decarbonisation targets
2030 GHG emission reduction roadmap
Renewable energy uptake
Energy efficiency improvement
Setting up new sustainable businesses/partnerships
HELP
• Engaging and reporting on our greenhouse
gas emissions (GHG) targets and roadmaps
toward Future Sasol
HINDER
HELP
• Playing a leading role in South Africa
• Continued focus on improving
our environmental footprint
• Managing and meeting our air quality
compliance obligations
Why this
is a material
matter
HINDER
Sustainably decarbonising
for Future Sasol
SDG
• Failure to meet regulatory timelines
and our climate change roadmap
milestones
We need to operate within the regulatory and policy frameworks
to maintain our licence to operate and be proactive in going
beyond compliance.
Addressing our GHG emissions is crucial to our sustainability.
Group top
priority
ADVANCE SUSTAINABILITY
Impact of
material
matter
•
•
•
•
•
•
•
•
Earnings
Growth
Long-term viability
Stakeholder commitments
Risk management
Sustainability
Reputation
Improved customer focus
OPPORTUNITIES
• Protecting our licence to operate
• Improved environmental footprint
will positively impact our
environmental, social and
governance (ESG) ratings,
increasing investment
attractiveness
• Pursue emerging sustainable
opportunities
The bulk of our Southern African Operations remain dependent on coal
as a primary feedstock and this makes up the greatest portion of our
contribution to the relevant airsheds. In addressing this we have
implemented initiatives and taken actions to reduce our coal dependence
and its impact. This includes but is not limited to:
Mitigating
actions
Targets
and metrics
Short term
Medium term
Long term
• Gas being sourced alleviating the impact on the airshed
• Technical solutions being pursued
• Application for a load-based emission limit for sulphur dioxide
(SO2) in terms of Clause 12A of the minimum emission standards
• Renewable energy procurement identified as a key intervention
initiative – 1,2 GW by 2030, with > 600MW progressed during 2023
• Short term water targets set and monitored for remedial action
• Biodiversity footprint assessments undertaken at our Secunda
and Sasolburg facilities to understand our impact
• Continued the process of creating a baseline understanding
for circularity
•
•
•
•
Renewable energy uptake targets
Setting biodiversity targets
Short-term water targets
Baseline understanding of circularity at Sasol
SASOL INTEGRATED REPORT 2023
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