Sasol Climate Change Report 2023 - Book - Page 71
INTRODUCTION
TRANSFORMING FOR RESILIENCE
GOVERNANCE
CLIMATE ADVOCACY AND POLICY
PERFORMANCE DATA CONTINUED
DATA AND ASSURANCE
TCFD INDEX
Location of our aligned disclosures
FOOTNOTES
1. Product 3 external sales 3 the boundaries of this figure only include a product that is destined for sale to Sasol customers and
does not include a product utilised or sold between the Sasol Group of companies.
2. Greenhouse gas (GHG) emissions have been calculated and reported in accordance with the GHG Protocol (www.ghgprotocol.org)
and the Intergovernmental Panel on Climate Change (IPCC) 2006 Guidelines. In our GHG measurements, we have included 100%
of the emissions for the following joint ventures (JVs): Natref in South Africa and Gas Sourcing & Operations in Mozambique. Data
for those JVs where we do not have a significant influence or operational control is not included. An external assurance provider
has once again independently verified our direct and indirect emissions levels.
3. The increase in emissions is attributed to the inclusion of methane and nitrous oxide from stationary emissions. South African
regulations impose mandatory reporting of nitrous oxide and methane associated with activities, through the utilisation of nonSasol specific emission factors. In light of the requirement for clear and comprehensive emission inventories, a decision has been
made to include these emissions.
4. Methodological changes and emission factor updates resulted in marginal changes in emission profile.
5. Methodological changes associated with revised coal bed methane emission factors necessitated a restatement of previously
reported emissions. Calculation error corrected for 2020.
6. Methane emissions associated with fuel oil combustion previously excluded for 2020.
7. Methodological improvements as well as detailed site assessments allowed for more comprehensive reporting of emissions.
8. Regional Operations and Asset Services (ROAS) steam production commenced in 2023.
9. Reporting improvement to reflect latest values and ensure concise and comprehensive reporting.
10. Increase attributed to inclusion of steam obtained from the joint venture at Lake Charles that was previously excluded.
11. The sum of greenhouse gas emissions from methane, nitrous oxides and carbon dioxide (scope 1 only) are expressed as CO2
equivalents emitted and reported as direct scope 1 CO2e.
12. Off peak demand consumption values were adjusted to Energy Consumption (all).
13. Green certificates issued to Eurasia resulting in reduction of non-renewable electricity and scope 2 emissions.
14. The increase in scope 2 emissions is attributed to inclusion of steam purchased from the joint venture with LyondellBasell.
15. GHG intensity CO2e/ton of product meant for external sale.
16. This intensity provides insight into the total emissions per ton of product produced irrespective of the final destination of these
products. This provides a more representative view of site intensity irrespective of the nature of the operation. The total
production values utilised for this calculation is based on operational management control and is in line with Sasol9s Sustainability
Data reporting philosophy which excludes subsidiaries and joint ventures at which Sasol has no management control.
17. Based on Sasol's equity share in investments and aggregated by product type or sector.
TCFD RECOMMENDATION
PLACE OF DISCLOSURE
PAGE
GOVERNANCE 3 Disclose the organisation9s governance on climate-related risks and opportunities
a) Describe the Board9s oversight of climate-related
risks and opportunities.
b) Describe management9s role in assessing and
managing climate-related risks and opportunities.
Governing climate change: Our Board
Governance at a glance
Governing climate change: Our Board
Managing Material Matters
IR
IR
57
64 3 69
59
39 3 42
STRATEGY 3 Disclose the actual and potential impacts of climate-related risks and opportunities on the organisation9s
business, strategy and financial planning where such information is material
a) Describe the climate-related risks and opportunities
the organisation has identified over the short,
medium and long term.
b) Describe the impact of climate-related risks and
opportunities on the organisation9s business,
strategy and financial planning.
c) Describe the resilience of the organisation9s
strategy, taking into consideration different
climate-related scenarios, including a 2°C or
lower scenario.
Risk management: the process we follow
Managing our Group top risks
IR
15 3 17
32 3 35
Risk management: the process we follow
Resilience of our portfolio
Capital allocation and green funding
Implementing the Future Sasol strategy
Incentivising climate management
Responding to climate change
Resilience of our portfolio
Sasol9s climate change scenarios
15 3 17
19
28
27
61
12
19
20 3 22
Robustness testing against our scenarios to 2030
23 3 24
RISK MANAGEMENT 3 Disclose how the organisation identifies, assesses and manages climate-related risks
a) Describe the organisation9s processes for identifying
and assessing climate-related risks.
b) Describe the organisation9s processes for managing
climate-related risks.
c) Describe how processes for identifying, assessing
and managing climate-related risks are integrated
into the organisation9s overall risk management.
Risk management: the process we follow
Managing our Group top risks
Risk management: the process we follow
Managing our Group top risks
Risk management: the process we follow
Managing our Group top risks
15 3 17
IR
IR
IR
30 3 34
15
30 3 34
15
30 3 34
METRICS AND TARGETS 3 Disclose the metrics and targets used to assess and manage relevant climate-related risks and
opportunities where such information is material
a) Disclose the metrics used by the organisation to
assess climate-related risks and opportunities in
line with its strategy and risk management process.
b) Disclose scope 1, scope 2 and, if appropriate, scope
3 GHG emission and the related risks.
c) Describe the targets used by the organisation to
manage climate-related risks and opportunities and
performance against targets.
SASOL CLIMATE CHANGE REPORT 2023
70
Robustness testing against our scenarios to 2030
The Future Sasol strategy
Performance data: Natural Capital
The year in review
Performance data: Natural Capital
The year in review
Decarbonising our value chains: Scope 3
Sasol at a glance
Highlights of the year
Sasol9s climate change management approach
The year in review
Sasol9s commitment to climate change
Incentivising climate management
23 3 24
26
SR
SR
57 3 61
6
57 3 61
6
41
2
3
435
6
12
61
