Sasol Limited Climate Change Report 2021 - Book - Page 43
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CLIMATE CHANGE IN BUSINESS PROCESSES
Engaging on climate policy: positions and industry associations
Assessing alignment with industry associations
Association
1. Acknowledgement and
support for climate science
2. Support for the Paris
Agreement goal
3. S
upport of carbon pricing that provides greater
incentives for innovation and low-carbon choices
4. D
evelopment of low and lower-carbon energy
solutions in the form of renewable energy, green
hydrogen, natural gas (as a transition fuel) and
energy efficiency
5. Transparency and disclosure
Reference information
International Chamber of
Commerce (ICC) - ICC brings
together the various economic
sectors in market economy
countries and its mandate is
designed to deliver on multiple
aspects including:
• representing trade, industry,
finance, transport, insurance
and, in general, all sectors of
international business; and
• ascertain the views of
corporations and individuals
involved in international
trade and related business
operations.
Aligned – ICC recognises the
escalating climate emergency
and wholly endorses the
findings of the IPCC Special
Report on Global Warming of
1,5°C. Has a clear alignment to
advocate for policy frameworks
that support the alignment
of business operations with
this target and help reach the
additional goal of net zero
emissions in many countries
by 2050.
Aligned – ICC is committed to
advocating for and providing
input on coherent policy
frameworks – in line with
the Paris Agreement and the
latest climate science. Has a
clear alignment to advocate
for policy frameworks that
support the alignment of
business operations with this
target and help to reach the
additional goal of net zero
emissions in many countries
by 2050.
Aligned – ICC endorses the study by the High-Level
Commission on Carbon Pricing and Competitiveness
that calls on industry peers and governments to
adopt strong carbon pricing policies.
Aligned – ICC advocates for low-carbon strategies
example, renewable energy and supportive
government policies that act in tandem to unlock
economic opportunities and manage competitive
concerns. Advocates for energy efficiency as a critical
component of any comprehensive sustainable energy
strategy. Highlights governments should continue
to promote and support energy efficiency among
producers and consumers of energy.
Not aligned – No position
could be found for ICC's
support of transparency and
disclosure. Sasol will continue
to engage on reporting
standards and greater
transparency.
Mobilisation of business leaders to
catalyse support of action to tackle
climate change through the Chambers
Climate Coalition. Has created a
global forum that offers members
actionable, real-world solutions and
recommendations on cost-effective,
sustainable business practices aligned
with Paris targets.
Aligned – Committed to
climate action and reducing
GHG emissions through
lightweighting, renewable
energy sources, electric and
battery materials and emission
reductions up and down the
supply chain.
Aligned – Committed to
achieving climate goals as
contained within the Paris
Agreement.
Not aligned – No position could be found for ICCA's
support of carbon pricing. Sasol will continue to
engage to encourage alignment.
https://www.chambers4climate.
iccwbo.org/
Overall
selfassessment of
alignment1
Membership
position
Annual
membership fees2
2021:
Regular
membership
Fixed rate
2020:
~R 0,02 million
ICC is able to voice trade
specific views to relevant
intergovernmental institutions
and governments and drive
specific positions that could be
supportive of climate change
related interventions.
International Council of
Chemical Associations (ICCA)
– Our mission is to help the
global chemical industry
improve financial performance
and reputation by tackling
global issues, and by helping
the industry improve
continuously its performance
through Responsible Care®
and other programs.
Louisiana Chemical Association
(LCA) – Promotes a positive
business climate for chemical
manufacturing that ensures
long-term economic growth
for its member companies
that operate throughout
Louisiana. The LCA similar to
its sister organisations work
with local and state officials,
community organisations and
business interests to promote
a positive climate for chemical
manufacturing that insures
long term economic growth.
Aligned – LCA acknowledges
and supports the science on
climate change. Emission
reduction policies should
involve the scientific
community and the resultant
recommendations should
be technologically and
economically reasonable.
"The Paris Agreement is
designed to curb greenhouse
gas emissions and mobilise
global political will to
address the climate change
challenge. Successful
implementation of the Paris
Agreement hinges in large
part on contributions from
the private sector. For global
chemical manufacturers,
that means continuing to do
what they do best: innovate.
Innovation requires a
consistent, supportive policy
and regulatory environment
to reach its full potential and
to allow industry to develop
and implement solutions to
address global sustainability
challenges."
Aligned - Supports the
objectives of the Paris
Agreement. The Paris
Agreement aims to limit global
temperature rise to well below
2°C above pre-industrial levels,
while pursuing means to
limit the increase to 1,5°C, in
order to strengthen the global
response to the threat of
climate change.
Aligned – Chemical technologies are directly fighting
climate change as irreplaceable components of
advanced building materials and batteries, renewable
energy sources, electric and high-efficiency vehicles,
and lightweight plastic packaging options that
improve energy efficiency and reduce GHG emissions
throughout our economy.
Aligned – ICCA supports
transparency and chemicals
contributions to the SDGs.
https://icca-chem.org/news/iccastatement-on-climate-policy/
"Chemistry forms the backbone of energy-efficient
products and technologies that help enable a more
sustainable future. While greenhouse gas is emitted
during the manufacture of chemical products, the
use of the products downstream and in other sectors
can help save more energy and emissions than are
required to produce them. To this end, ICCA has
developed multiple energy technology roadmaps,
lifecycle assessment tools and case studies to help
businesses up and down the value chain realize new
gains in energy efficiency while also reducing the
environmental footprint of their operations."
Aligned – Supports carbon pricing. LCA supports a
market-based, national-level emissions reduction
strategy, with transparent and predictable price
signals that will facilitate lower GHG emissions.
Market-based carbon pricing should be an
economically efficient policy instrument to
transition to lower-carbon choices.
Aligned – Committed to low- and lower-carbon
energy choices as part of the solution to reduce GHG
emissions without impairing competitiveness.
Low- and lower-carbon energy solutions can be
achieved through energy efficiency, transitioning
to natural gas, use of renewable energy, utilisation
of CCUS and by embracing new and developing
technologies.
2021:
2020:
Partially aligned – position
being drafted in support of
transparency and disclosure.
Consultation on-going with
members. Sasol will continue
to engage for TCFD and greater
transparency.
Indirect
membership
No fees payable
Louisiana climate change policy
principles.
Policy positions submitted to
members for comment.
http://lca.org/aws/LCA/pt/sd/
news_article/356482/_PARENT/
LCA_layout_details/false
2021:
2020:
Not assessed
Regional Board
member
Based on
percentage
headcount
~US$ 0,071
million
1. The purpose of the table is to communicate information related to Sasol's review and self assessment of relevant industry associations' climate change positions against our responsible climate-related advocacy principles. The industry specific information contained herein are extract summaries from more comprehensive reference/source documents that
are publicly available/accessible including reports, website information, public statements and/or information received through associated member engagements. We therefore direct the reader to the cited sources for a comprehensive overview and do not warrant the completeness or correctness of such source information. Sasol assumes no liability and
responsibility for any errors or omissions in the source information.
2. Fees are for 2021 and exclude South African Value Added Tax (VAT).
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Sasol Climate Change Report 2021