Integrated_Annual_Report_2026 - Flipbook - Page 87
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
BOARD COMMITTEES CONTINUED
Focus areas for FY27
Board Compliance
Key matters expected to remain a focus for the Board
and its Committees in FY27 include:
The Board is satisfied that it fulfilled its duties and obligations in
the 2026 financial year. It is specifically confirmed that:
• Safety, operational excellence and asset
• As a company listed on the Johannesburg Stock Exchange
reliability
Embedding a Zero Harm culture, strengthening
process safety and stabilising operations across the
Group value chains to improve reliability and cash
generation
• Portfolio performance and optimisation
Advancing the reset of International Chemicals and
strengthening the foundation of the Southern African
business to enhance margins, competitiveness and
sustainable earnings
• Financial resilience and disciplined capital
allocation
Maintaining liquidity, strengthening the balance sheet
and progressing deleveraging through disciplined
capital allocation aligned to the Group’s financing
strategy
• Advancing the Grow and Transform agenda
Delivering value-accretive growth while progressing
decarbonisation, renewable energy and gas transition
pathways, supported by integrated risk management
and sustainability considerations
These priorities reflect the Board’s continued focus
on strengthening Sasol’s operational and financial
foundation, enhancing resilience and positioning
the Group for sustainable long-term value creation,
while ensuring that governance remains responsive
to an evolving strategic, regulatory and operating
environment, consistent with the Group’s strategic
objectives.
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(JSE) and on the New York Stock Exchange (NYSE) for
purposes of our American Depositary
Receipt program, Sasol is subject to, and has implemented
controls to provide reasonable assurance of its compliance
with all relevant requirements in respect of its listing
• Sasol complies in most significant respects with the
governance standards imposed on domestic United States’
companies listed on the NYSE and that Sasol applies all the
principles of the King V Report on Corporate Governance™
for South Africa 2025 (King V™)
• The Company is in compliance with the provisions of the
Companies Act 71 of 2008, as amended (the Companies
Act), specifically relating to its incorporation and is operating
in conformity with its Memorandum of Incorporation (MOI)
• In the year under review, there were no material violations
of any laws or regulations, nor were any material penalties
or fines imposed on the Company or its directors for
contraventions of any laws or regulations
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Sasol’s King V application and disclosure report is available on
www.sasol.com
King V™ concluding statement on governance
outcomes
The Board is of the view that the governance practices applied
during FY26 supported the realisation of the governance
outcomes contemplated by King V™, namely Ethical Culture,
Performance and Value Creation, Conformance and Prudent
Control, and Legitimacy. This conclusion is informed by the
matters set out in this governance section, the work of the
Board and its Committees, the outputs of the combined
assurance model, stakeholder feedback and the evaluation of
governance effectiveness undertaken during the year.
For more details on the responsibilities, powers, policies and processes of the Board, its Directors and the Company’s executives and other officials, refer to the Board Charter, together with the Company’s Memorandum of Incorporation on our website, www.sasol.com.
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