Sasol Limited Integrated Report 2021 - Book - Page 28
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Engaging with stakeholders to deliver shared value
Employees and organised labour
ia
ed
M
28 949 employees
Organise
d
and in busin
dus
try ess
ers
tom
Cus
s
B
u
ve sin
n e
pa tu ss/j
rt re ( oint
ne JV
rs )
N o ng o ve r n m e n t al
organ
isations (NGOs)
Value shared
R34 billion
in wages and
benefits
s
ti e s
ni tie
m u ci e
Co m d so
an
We have a broad range of stakeholders, often with competing
interests and expectations, who we impact, and in turn, impact us.
We recognise that trust as a key element and we aim to build and
maintain trust among our stakeholders through open dialogue,
providing regular feedback and delivering on our commitments.
Refreshed
Purpose
and
Values
The most significant issues of our stakeholders
We endeavour to meet our commitments by being responsive and solutions-focused. We identify, assess and monitor stakeholders’
expectations together with significant issues that could have a bearing on our operations and strategy. We track and provide regular
feedback on our commitments and the issues that stakeholders raise.
MM
Safety
People
• Fatalities
• Diversity
• Safety
performance
• Equity and inclusion
• High-severity
injuries
• Occupational
health
• Long-term impact
of COVID-19
• Driving gender
equality globally
• Employee value
proposition
• Delivering shared
value
• Incentives linked to
ESG objectives
Decarbonising
Trust
• Energy efficiency
improvement
• Rate of return on
invested capital
• GHG emission
reduction
• Management of key
financial indicators:
• Water stewardship
• Air quality
improvement
• Plastic waste
management
– Debt to equity
ratio
Sasol 2.0
• Liquidity and
generating cash
through asset
disposals
• Ability to service
debt
– Net debt to EBIDA • Growing and
retaining value
ratio
while decarbonising
– Dividend payment
– Project financing
– Loan covenants
– Capital allocation
• Prosperity of
society
27
Enhancing our relationship with employees and organised
labour is critical for our business. We are committed to
continuously improving our employee value proposition,
strengthen engagement and improve productivity.
Issues raised
G
a n o vern
dr
m
e g u e n ts
la t o r
s
VALUE
l ie r
The role we play in the regions in
which we operate is conducted
bearing our sustainability approach
in mind.
As the world prepares for transitioning
to a lower-carbon world, we
understand and support the need for
a just transition process in minimising
adverse impacts on our stakeholders.
Why we engage
Sh
pro areh
vid ol
ers de
of rs
ca
CREATING
VALUE
SHARED
CREATION
Su p p
Our approach to stakeholder
engagement is to be transparent,
deliver on our promises and
co-develop sustainable solutions with
stakeholders.
Employees and
sed labour
organi
d
an ital
p
Our aim is to be a credible partner
in creating sustainable shared
value. Meaningful partnerships
and engagements with relevant
stakeholders enable the fulfillment
of our strategic objectives.
Sasol Integrated Report 2021
over 3 000
employees
registered to
volunteer to causes
Launched
‘I Care’
campaign
• Safety, job security, fair pay and the impact of COVID-19.
• Group’s strategic direction including addressing climate
change.
• Support volunteering and participation in social
development initiatives.
Our response
• Refreshed our purpose and set our path to Future Sasol.
• Safety remained a core value and top priority.
• Adhered to and complied with all laws and upheld
human rights.
• Reinforced our commitment to uphold and respect human
rights in terms of our Human Rights Policy through various
communication channels. Implemented a three-phase
Business and Human Rights programme.
• Implemented measures to contain spread of COVID-19.
• Ensured employees were treated with care and compassion
during our workforce transition.
• Established Ntsika entrepreneurship programme to assist
unplaced South African-based employees.
• Updated policies to facilitate flexible working arrangements.
• Held regular CEO engagements across various channels.
SR
For more detail refer to our Sustainability Report available
on our website, www.sasol.com