Sasol Sustainability Report 2023 - Book - Page 24
INTRODUCTION
SUSTAINABILITY PERFORMANCE AGAINST OUR FOCUS AREAS
SAFE AND ENDURING OPERATIONS
DATA AND ASSURANCE
ANNEXURES
SAFE AND ENDURING OPERATIONS // Enduring operations
OUR COMMITMENT //
OUR GROUP
APPROACH
Sasol is committed to achieve world class operations (WCO) through an
embedded operations excellence culture.
Operational excellence (OE) is embedded in the culture of the business, enabled by driving
structured improvement cycles, delivering accelerated business results by FY25 and
persisting in our transformation towards WCO (Future Sasol).
This is being achieved by means of:
FY23 OUTCOMES
Through the focused value stream approach and innovation platform, the improvement
initiative funnel increased by R4,0 billion during 2023.
Improvement initiatives to the value of R2,0 billion matured from the design and
development phase into delivery during 2023.
With competitive advantage
Key components to accelerate our WCO journey
SUCCESS STRATEGY
BUSINESS GROWTH
BUSINESS RESILIENCE
MECHANISTICS
INNOVATION
OPERATIONAL EXCELLENCE
Developing insights on the essential business improvement priorities through
professional guidance and expertise, both internally and/or externally sourced; and
Using a collaborative approach to solve the business priorities by developing and
implementing fit-for-purpose business solutions that deliver sustainable performance.
FY23 kicked off with a focus on renewing and realigning our vision for WCO, with the following identified
as key components.
BUSINESS EXCELLENCE
Making visible the key business aspects that require focus and improvement to
systematically advance the Business’ strategy and ambition;
DIGITISATION
SUPPORTED BY KEY ENABLERS
Human resource management
Performance management, etc
AGILE WAYS OF WORKING
CULTURE
PEOPLE CHANGE MANAGEMENT
LEADERSHIP
The mechanistic approach includes OE and
digitisation which enables us to balance business
resilience and growth. While OE focuses on
optimisation of known approaches to deliver
intended value, innovation focuses on different
approaches to deliver enhanced value with optimal
investments.
In August 2022, we launched a programme to achieve
sustainable innovation through a digital platform,
integrated processes, measures of success and
embedding a culture of innovative problem solving in
our people.
Agile ways of working are essential in ensuring a
customer-centric and collaborative approach to
deliver early incremental value. By leveraging the
collective wisdom and creative potential of our
people, we avoid costly failures and focus on
continuous improvement and innovation.
For Sasol to stay competitive, our ambition is for our
operations to realise first quartile performance
compared to our peers. To achieve this, we apply the
following guiding principles:
" Efficient production and maintenance practices
within and across our operating model entities.
Sasol employees were energised by this process,
making their voices and innovative ideas heard and
upskilling through effective problem solving. We are
achieving collaboration towards enabling WCO,
keeping true to our Purpose of "Innovating for a
better world".
" Optimised and streamlined portfolios avoiding
duplication, focused on core activities.
Digital transformation is a key enabler to WCO and we
are developing our digital skills in all areas of the
Sasol business. The digital teams in operations are
focusing on optimising the performance of our assets
and processes and the automation of our business
processes. In keeping with Sasol9s commitment to
safety and improving our employees9 productivity,
the digital teams are also developing a totally
connected worker plan.
In support of the Sasol 2.0 transformation
programme, our operations must continue to
generate cash while reducing cost. This continuous
improvement approach and mindset will drive the
business forward, by improving productivity and
reliability, enhancing customer value and improving
safety all round.
SASOL SUSTAINABILITY REPORT 2023
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" Lean, optimised enabling functions.
" Fit-for-purpose accountability and governance.
" Positive contribution to Sasol9s bottom line.