Sasol Integrated Report 2024 - Book - Page 45
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
MATERIAL MATTERS continued
SUSTAINABLY DECARBONISING FOR FUTURE SASOL
HELP
HINDER
• Just energy transition
• Execute an optimal greenhouse gas (GHG) emission reduction roadmap
and programme towards Future Sasol
• Aligning a visible and integrated just transition programme and incorporating
localisation and economic empowerment
• Drive low-carbon initiatives in a value-accretive way by expanding all lucrative
growth opportunities
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Capital availability
Enabling and accessing incentives for development and transitioning initiatives
Impact of carbon tax regimes on Future Sasol
Inability of current operations to adapt to extreme weather events resulting
from climate change
Why this is a Material Matter
We are acutely aware that our Future Sasol strategy is dependent
on sustainable value creation and transitioning our operations.
Group top priority
Safe, efficient and reliable operations; stakeholder confidence and growth agenda
Impact of Material Matter
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Risk
MEDIUM- TO LONG-TERM BUSINESS VIABILITY AND SUSTAINABILITY
GROUP TOP RISK 2: SUSTAINABILITY AND TRANSITION
For more detail refer to Risk management page 28.
Mitigating actions
• Developing an integrated technology strategy and roadmap
with reference to the pathways
• Assessing market positioning against emerging trends, setting
targets, transforming our product portfolio, maintaining product
supply, meeting customer needs and focusing/delivering to our base
business targets
• Clean Fuels and octane programme
• Making our business more sustainable by moving towards cleaner energy solutions
and preserving value from existing assets
• Executing against our emission reduction roadmap optimising for value creation
• Consideration of biomass as a feedstock
• Decarbonisation targets
• Optimal 2030 GHG emission reduction roadmap
• Renewable energy uptake
• Energy efficiency improvement
• Setting up new sustainable businesses/partnerships
Metrics
Short term
Medium term
Long term
In order to decarbonise at the pace required, we will have to secure the capital
resources while traversing challenging regulatory regimes and a volatile market.
Long-term viability
Financial resilience
Increased climate change pressures
Stakeholder commitments
Business sustainability
Reputation
Increased need for climate resilience
OPPORTUNITIES
• Developing our technology will open new growth avenues and expand the use
of our products
• Foster stronger collaboration with government to achieve national decarbonisation
targets and objectives
• Renewable energy, gas-to-power and biomass value creation
• Resilient communities and infrastructure to the impacts of climate contributing to
positive value creation
SASOL INTEGRATED REPORT 2024
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