Integrated_Annual_Report_2026 - Flipbook - Page 25
INTRODUCTION
SASOL AT A
GLANCE
DRIVING SUSTAINABLE
VALUE CREATION
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
REMUNERATION
REPORT
ASSURANCE/
ADMINISTRATION
RISKS AND OPPORTUNITIES CONTINUED
Group Material Risks (GMRs) continued
GMR
2
Material weaknesses
relating to internal
controls over
financial reporting
Material risks relating to
the integrity of financial
reporting and disclosures
(accuracy, completeness,
validity, existence, valuation,
obligations and/or rights)
3
Safety, Health and
Environment (SHE) Key
Undesirable Events (KUEs)
materialising and impacting
our Zero Harm ambitions
LINK TO 6
CAPITALS AND
STRATEGY
monitoring to improve control effectiveness and consistency across operations
• SOX and technology assurance: Regular SOX cycle testing supported by Workiva, together with periodic
FC
technology and system testing, to ensure sustained alignment with operational and regulatory requirements
• Inclusive control design and engagement: Early and ongoing stakeholder involvement in control design to
S1
ensure controls are practical, well-informed and effectively adopted across the organisation
Strengthening our foundation business
GMR
KEY RESPONSES
• Strengthened financial control environment: Enhanced financial systems, training and compliance
BOARD COMMITTEE: Audit Committee
Material SHE top risks
covering major SHE incidents
impacting employees,
community, public, or
operations (process safety,
occupational safety,
occupational health, product
safety, environmental, mining,
and upstream)
S2
GEC SPONSOR: Group Chief Financial Officer
KEY RESPONSES
• Group SHE governance and assurance: Leadership Spine Safety Assurance Framework, One Sasol
LINK TO 6
CAPITALS AND
STRATEGY
SHE Excellence Approach, SHE Combined Assurance and risk management processes embedded across
the Group
HC
NC
S1
S2
• Safety systems and standards: High Severity Incident (HSI) standard, Behaviour-Based Safety system,
and integrated occupational and process safety management systems
• Incident prevention and response: Robust SHE incident management processes and environmental
incident prevention and monitoring across operations
S3
• Occupational health and product stewardship: Comprehensive occupational health systems and product
stewardship and logistics safety management to protect people, customers, environment and product quality
Safety of our people and operations
GMR
4
Material non-compliance
with environmental
requirements, legislation
and/or regulations directly
threatening our legal
licence to operate
BOARD COMMITTEE: Safety, Social and Ethics Committee
Material risks relating to
the ability to comply with
both existing and future
environmental legislation
and regulations, with
direct potential impact on
operational continuity
GEC SPONSOR: Executive Vice President: People, Risk, SHE and Corporate Affairs
KEY RESPONSES
• Regulatory monitoring and advocacy: Ongoing monitoring of legislative and regulatory developments,
LINK TO 6
CAPITALS AND
STRATEGY
with proactive engagement and advocacy through regulators, industry bodies and key stakeholders
• Impact assessment and response: Structured review of draft and enacted legislation, supported by
business impact analysis, technical working groups, and implementation of compliance plans or legal
remedies where required
• Compliance execution and governance: Timely licensing and permitting, sustained regulatory
engagement, and a strong compliance culture enabled by defined governance standards, procedures and
continuous monitoring
Environmental stewardship BOARD COMMITTEES: Safety, Social and Ethics Committee; Nominations and Governance Committee
SASOL INTEGRATED REPORT 2026
24
NC
SC
S1
S2
S3
GEC SPONSOR: Executive Vice President: People, Risk, SHE and Corporate Affairs
