Integrated_Annual_Report_2026 - Flipbook - Page 77
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
GOVERNANCE OVERVIEW CONTINUED
How governance supports value creation
At Sasol, governance is not separate from strategy;
it is the mechanism through which the Board
sets direction, oversees execution, monitors
performance, governs risk, allocates capital and
holds management accountable for responsible
value creation.
The Board oversees the Group’s strategic direction and monitors
management’s execution against approved priorities and targets.
In doing so, it considers the interdependencies between Sasol’s
business model, material matters, principal risks and opportunities,
and the capitals on which the business depends. This enables the
Board to assess trade-offs explicitly, including those between shortterm performance, operational resilience, sustainability outcomes,
stakeholder expectations and long-term competitiveness.
Subsidiaries apply Sasol’s governance framework in a manner
appropriate to their nature, size and risk profile. Governance with
significant subsidiaries, joint arrangements and material operations
is monitored to ensure that it remains aligned with Group standards
and strategic objectives.
The Board’s governance approach is aligned to internationally
recognised principles and is anchored in a structured system
of oversight, delegation and accountability. The table below
summarises how these principles are embedded in the Group’s
governance practices, with linkages to relevant sections across
the report where these are discussed in greater detail.
Governance Principle
How the Sasol Board
Provides Oversight
Primary Mechanisms/Structures
Cross-report Reference
Purpose and Value Creation
Steers purpose and long-term value
creation, aligning strategy, capital allocation
and stakeholder outcomes.
Strategy and capital allocation approval,
performance oversight
Purpose; Value proposition;
Business model; Integrated value chains
Accountability
Maintains clear accountability
for performance, governance and ethical
conduct across the Group.
Delegation of Authority, Board and
Committee mandates
Governance overview; Group governance
Stakeholder Engagement
Adopts a stakeholder-inclusive approach,
balancing shareholder and
broader stakeholder interests.
SSEC oversight, stakeholder reporting
Stakeholders and stakeholder themes;
Sasol in society
Ethical Leadership and Culture
Sets the tone for ethical
leadership and oversees culture, integrity
and responsible conduct.
Code of Conduct, ethics oversight,
whistleblowing
Ethics; Human capital management
Strategy and Performance Oversight
Approves and monitors strategy execution
against defined financial and operational
performance metrics.
Strategy reviews, performance monitoring,
GEC oversight
Strategy; Performance for the year; Chief
Financial Officer overview
Risk Governance
Ensures key risks are identified, assessed
and managed within defined risk appetite.
Audit Committee, enterprise risk
management framework
Risk management; Material matters
SASOL INTEGRATED REPORT 2026
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