Sasol Limited Integrated Report 2021 - Book - Page 5
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Our Purpose, strategy and values
We are committed to creating value for all
our stakeholders and sustainably decarbonising
our operations to reach our Net Zero emission
ambition* by 2050.
Sipho Nkosi
Chairman
Fleetwood Grobler
President and Chief Executive Officer
The past two years have seen Sasol face unprecedented challenges in our history. In the true “can do” spirit of our people,
Team Sasol has managed to successfully steer out of troubled waters. It’s by no means over, but we have achieved so much in
a relatively short period of time. Not only have we embraced our new Purpose, we have also updated our strategy to ensure our
sustainability. Our strategy will be executed by the manifestation of our values through our behaviour, guided by our Purpose.
It requires us to be pioneering once more. We have done new things in the past and we will successfully do new things in the future.
STRUCTURING OURSELVES TO DELIVER FUTURE SASOL
CUSTOMER-CENTRIC OPERATING MODEL
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.
*
Lean and cost-efficient centre
Our Purpose: Innovating for a better world
Oversee strategy
and shape portfolio
via disciplined
capital allocation
OUR AMBITION
GROW SHARED VALUE WHILE ACCELERATING OUR TRANSITION TO NET ZERO
CORPORATE
CENTRE
OUR STRATEGY DELIVERABLES BY 2030
Scope 1 and 2 Greenhouse
gas (GHG) emissions
reductions
30%#
# Off 2017 base and excluding Natref
Scope 3
reduction
Cash fixed cost
saving
Gross margin
uplift
20%^
15 – 20%*†
5 – 10%*
^ For Energy Business category 11:
use of energy products
†
By 2025
* Off 2020 base
EMPOWERED
BUSINESS UNITS
ENERGY
(existing)
Orchestrate
programmatic
transformation to
secure value
Unlock cost and
revenue synergies
across Business
Units
Drive
technology
innovation
FOCUSED ON VALUE-ADDING ACTIVITIES
TO BUILD PARENTING ADVANTAGE
FOCUSED ON DISTINCT MARKETS
CHEMICALS
(existing)
SASOL ecoFT
(to be established)
ENABLED BY:
ADVANTAGED
ASSETS
TECHNOLOGY
HIGHLY SKILLED
PEOPLE
MARKET
LEADERSHIP
SUPPORTED BY OUR VALUES:
Inclusive
Safe
Caring
We foster inclusivity
in all we do, our
Inclusive
employees, our
customers and
stakeholders
Accountable
Resilient
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Sasol Integrated Report 2021
Well established Business Units, with strong
customer-centricity and autonomy
New Business Units to
explore potential new
‘start-up’ sustainable
businesses