Sasol Limited Climate Change Report 2021 - Book - Page 2
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About this report
Contents
OUR THREE-PILLAR EMISSIONREDUCTION FRAMEWORK
This year, we launch the Future Sasol strategy, our Just Transition
plan to achieve a Net Zero1 greenhouse gas (GHG) emissions
ambition by 2050 and our associated emission reduction
roadmaps. From a previous target of at least 10% reduction by
2030 on our scope 1 and 2 emissions, off a 2017 baseline, our
roadmaps now target a reduction of 30% by 2030.
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REDUCE EMISSIONS
Sasol’s 2021 Climate Change Report is our third report aligned
to the Task Force on Climate-related Financial Disclosures
(TCFD). We committed to TCFD in 2018. Since then, we have seen
numerous benefits, ranging from how we embed climate change
management into our strategy to how our stakeholders think
about our response. Now our journey is focused on execution and
the implementation of our roadmaps to achieve the targets and
Net Zero ambition of Future Sasol.
TRANSFORM OPERATIONS
SHIFT THE PORTFOLIO
We apply best practice global reporting frameworks and
continuously evaluate the applicability of other reporting
standards. Our evaluation indicates that the Global Reporting
Initiative (GRI), TCFD and United Nations (UN) Sustainable
Development Goals (SDGs) and their reporting criteria, cover the
spectrum of reporting requirements. Sasol also responds to CDP
and our submissions are available online at www.sasol.com.
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Our suite of reports complies with the following reporting
standards and frameworks:
FUTURE
SASOL
The International Integrated Reporting
Framework
South African Companies Act 71 of 2008, as amended
Johannesburg Stock Exchange (JSE)
Listings Requirements
King IV™ Report on Corporate Governance
for South Africa, 2016
Our prioritised SDGs2
SDG 8:
Promote sustained, inclusive and sustainable economic
growth, full and productive employment and decent work for all
SDG 12:
Ensure sustainable consumption and production patterns
SDG 13:
Take urgent action to combat climate change and its impacts
SDG 17:
Strengthen the means of implementation and revitalise the global
partnership for sustainable development
International Financial Reporting Standards (IFRS)
GRI
TCFD
UN SDGs and reporting criteria
United States Securities and Exchange
Commission (SEC) rules and regulations
Sarbanes-Oxley Act of 2002
IR
SR
CCR
AFS
20-F
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CLIMATE CHANGE IN BUSINESS
PROCESSES
About this report
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Our targets and approach at a glance
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Adapting to climate change
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Future Sasol: The global operating context
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Governance
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The year in review
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Incentivising climate change action
37
Deep dive into our 2021 GHG performance
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Message from the Chair of the Safety, Social and Ethics
Committee (SSEC)
Engaging on climate policy: positions and industry
associations
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Risk management
44
Message from the President and Chief Executive Officer
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A NET ZERO AMBITION
Future Sasol: A sustainable agenda
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Support of the Paris Agreement
Managing the transition within our corporate
portfolio
This report should be read in conjunction with our suite of annual
reports. In addition, a TCFD index is located at the back of this
report to assist with navigation.
Reports
INTRODUCTION
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Our Energy Business
Energy strategy
The art of the possible: Our fossil-fuel-free vision
Our 2030 roadmap
Our 2050 roadmap
Demonstrating credibility of our roadmaps
Working to unlock technology options
Advancing partnerships
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Our Chemicals Business
Chemicals strategy
Our 2030 roadmaps
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Establishing an FT sustainable solutions business:
Sasol ecoFT
Capital allocation
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Sasol's climate scenarios
Development of Sasol's climate scenarios
Robustness testing against our scenarios to 2030
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Future Sasol: Enabling activities
Just transition
Carbon offsets
Scope 3
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30
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DATA AND ASSURANCE
Performance data
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Independent assurance report to the directors of
Sasol Limited (Scope 3)
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CA 100+ self-assessment
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TCFD index
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Additional information
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DIRECTORS’ APPROVAL
The Safety, Social and Ethics Committee (SSEC) is responsible
for ensuring the integrity of Sasol’s climate change reporting.
We confirm that the 2021 Climate Change Report addresses all material
issues and matters related to our climate change journey, and fairly
represents Sasol Limited and all of its direct and indirect subsidiaries
(Group) climate change performance. The SSEC, authorised by the
Board, approved this report and its publication on
20 September 2021. Signed on behalf of the SSEC.
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Muriel Dube
Chair of the SSEC
20 September 2021
1. 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.
2. This report only focuses on SDG 13 and 17.
OUR SUITE OF REPORTS
These reports are available on our website, www.sasol.com, or on request
from Investor Relations. Contact details are on page 52.
IR
–
SASOL LIMITED
INTEGRATED REPORT
IR
for the year ended 30 June 2021
SR
CCR
Integrated Report
Sustainability Report
Climate Change Report
Concise communication
about how Sasol’s
strategy, governance,
performance and outlook
lead to the preservation
and creation of value over
the short, medium and
long term.
Communication about
Sasol’s environmental,
social and governance
(ESG) performance.
Information about Sasol’s
climate change risk
management process,
response strategy
and summary of work
underway to address our
climate change risks.
SASOL LIMITED
SUSTAINABILITY REPORT
SR
for the year ended 30 June 2021
SASOL LIMITED
CLIMATE CHANGE REPORT
CCR
for the year ended 30 June 2021
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Sasol Climate Change Report 2021
AFS
20-F
Annual Financial
Statements
SASOL LIMITED
ANNUAL FINANCIAL
STATEMENTS
for the year ended 30 June 2021
AFS
Contain complete analysis
of the Group’s financial
results, with detailed
financial statements, as well
as the Remuneration Report
and Report of the Audit
Committee.
Form 20-F
SASOL LIMITED
FORM-20F
for the year ended 30 June 2021
20-F
Our annual report
filed with the United
States Securities and
Exchange Commission
(SEC), pursuant to
our New York Stock
Exchange listing.