Integrated_Annual_Report_2026 - Flipbook - Page 28
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
9
Capital constraints, as well
as a limited value accretive
strategic portfolio, may
limit Sasol’s ability to pursue
and fully realise optimal
shareholder value
Strengthening our
foundation business
GMR
10
Investments may not
deliver the committed
business value
Material risks relating to
sub-optimal capital allocation
decisions and/or not making
the right investment choices
that could impact shareholder
dividend and growth
expectations
KEY RESPONSES
• Disciplined capital allocation and governance: Value based investment principles embedded across
investment development and decision-making, supported by a robust stage-gate process, combined
assurance, and adherence to the Group capital allocation framework and approved risk appetite
LINK TO 6
CAPITALS AND
STRATEGY
FC
IC
S1
S2
• Balance sheet protection and portfolio management: Active management of the capital portfolio
within Group financial targets, considering balance sheet strength, risk tolerance and value accretion, while
maintaining a diverse pipeline of prioritised initiatives and research and development opportunities
• Capital efficiency through partnerships: Strategic use of joint ventures, partnerships and “over the fence”
S3
arrangements to leverage partner capabilities, reduce capital intensity and limit balance sheet exposure
Sustainably grow
and transform
Material risk relating to
project performance and
value delivery, driven by both
internal delivery risks and
risks arising from unexpected
changes in the external
environment
BOARD COMMITTEE: Capital Investment Committee
GEC SPONSOR: Group Chief Financial Officer
KEY RESPONSES
• Robust opportunity evaluation and assurance: Clearly defined and stress tested business and
investment value propositions, supported by appropriate skills, targeted training, due diligence on
regulatory requirements, and fit for purpose assurance
LINK TO 6
CAPITALS AND
STRATEGY
FC
IC
S1
S2
• External risk monitoring and preparedness: Ongoing monitoring of macroeconomic, geopolitical, supply
chain and security developments, supported by proactive contingency planning and risk mitigation
• Capital and stakeholder alignment: Consolidated capital management and active stakeholder
engagement through the Integrated Advocacy Plan (IAP) to support informed decision making and execution
Strengthening our
foundation business
GMR
11
Underperformance
relative to peers
materially impacting
competitive positioning
in the market, customer
confidence and profitability
Sustainably grow
and transform
Material risks relating to
Sasol’s ability to remain
competitive in the markets in
which we operate, including
changes in market dynamics,
pace of change in the market,
competitor landscape, and
significant shifts in supply
and demand for products.
Significant changes in
competitor landscape
disrupting conventional flow
of conducting business
Strengthening relationships with employees,
customers, regulators and other stakeholders
BOARD COMMITTEE: Capital Investment Committee
S3
GEC SPONSOR: Group Chief Financial Officer
KEY RESPONSES
• Market insight and customer focus: Continuous monitoring of supply demand dynamics, customer
LINK TO 6
CAPITALS AND
STRATEGY
insights, competitor activity and regulatory/ESG trends, supported by customer relationship management,
market research, benchmarking and targeted marketing communications
FC
• Commercial excellence and growth: Innovation led product and application development, flexible pricing
models, commercial excellence programmes and diversified routes to market, supported by appropriately
resourced and trained commercial teams
• Supply, pricing and portfolio resilience: Secure and reliable supply through planning and optimisation,
inventory management and alternative sourcing, strengthened by long term customer contracts, portfolio
diversification and disciplined volume and pricing risk management
BOARD COMMITTEE: Capital Investment Committee
SASOL INTEGRATED REPORT 2026
27
GEC SPONSOR: Executive Vice President International Chemicals
S1
S2
