SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 173
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
GLOSSARY AND ABBREVIATIONS
Please note
One billion is defined as one thousand million, bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references Brent crude, mmboe – million barrels oil equivalent.
ADR/s
American Depositary Receipt/s
GEC
Group Executive Committee
MW
Megawatt
SSEC
Safety Social and Ethics Committee
AGM
Annual General Meeting
GHG
Greenhouse gas
N 2O
Nitrous oxide
STEM
Science, technology, engineering and mathematics
AGOA
African Growth and Opportunities Act
GID
Global Invest Direct Program
NACD
Certificate in cybersecurity oversight
STI/s
Short-term incentive/s
AUC
Assets under construction
GM
Gross margin
Natref
National petroleum refiners of South Africa (Pty) LTD
TCFD
Task Force on Climate related Financial Disclosures
B-BBEE
Broad-Based Black Economic Empowerment
GRI
Global Reporting Initiative
NAQO
National Air Quality Officer
t/cm/s
Tons per continuous miner per shift
bbl
Barrels
GTL
Gas-to-liquids
NED
Non-Executive Director
TGP
Total guaranteed package
b/d
Barrels per day
GTP
Gas-to-power
National Energy Regulator of South Africa
TNFD
Taskforce on nature-related financial disclosures
BFP
Basic fuel price
GTRs
Group top risks
NERSA
NG
Natural gas
TSR
Total shareholder return
Board
Board of Directors
H2
Hydrogen
NGOs
Non-governmental organisations
TTR
Total Target Remuneration
BO
Beneficial operation
HSI
High-severity incident
NYSE
New York Stock Exchange
US
United States of America
boe
Barrels of oil equivalent
HRIS
Human Resources information system
OT
Operations Technology
US$/ton
US dollar per ton
bscf
Billion standard cubic feet
HSI-SR
High-severity incident – severity rate
PA
Per annum
UN
United Nations
CAM
Combined Assurance Model
HEPS
Headline earnings per share
PDRI
Plan, Do, Review and Improve
UN SDG/s United Nations Sustainable Development Goal/s
capex
Capital expenditure
HY
Half year
PM
Particulate matter
VAT
Value added tax
CEO
Chief Executive Officer
IFRS
International Financial Reporting Standards
PPA
Power purchase agreement
WACC
Weighted average cost of capital
CF2
Clean fuels specifications
IM
Information Management
PPA
Pande-Temane Petroleum Agreement
ZAR
South African Rand
CFC
Cash fixed cost
IRA
Inflation Reduction Act
PSA
Production Sharing Agreement
CFO
Chief Financial Officer
IT
Information Technology
PTL
Power-to-liquids
CGU/s
Cash generating unit/s
IPF
Individual performance factor
PtX
Power-to-X
CO2
Carbon dioxide
JSE
JSE Limited
PV
Photovoltaic
CPI
Consumer Price Index
JV/s
Joint venture/s
RCF
Revolving credit facility
CPTs
Corporate Performance Targets
KPI/s
Key performance indicator/s
RCR
Recordable case rate
CTL
Coal-to-liquids
kt
Thousand tons
RE
Renewable energy
CTRG
Central Térmica de Ressano Garcia S.A.
ktpa
Thousand tons per annum
RED
Renewable energy directive
CY
Calendar year
LBIT
Loss before interest and tax
Ready for Commissioning
DEPS
Diluted earnings per share
LCCC
Lake Charles Chemicals Complex
RFC
R/ton
EAP
Employee assistance programme
LIP JV
Louisiana Integrated Polyethylene Joint venture
R/US$
Rand/US dollar currency
EBIT
Earnings before interest and tax
LTI/s
Long-term incentive/s
Rb
Rand billions
EBITDA
Earnings before interest, tax,
depreciation and amortisation
LTIP
Long-term incentive plan
Rm
Rand millions
LWDCR
Lost workday case rate
ROIC
Return on invested capital
EmpVP
Employee Value Proposition
MES
Minimum emission standards
ROMPCO
EPS
Basic earnings per share
MGP
Maximum gas price
Republic of Mozambique Pipeline Investment
Company (Pty) Ltd
ERM
Enterprise risk management
MM
Material Matters
rTSR
Relative total shareholder return
ERR
Emission Reduction Roadmap
m3/h
Cubic meter per hour
SA
South Africa
ESD
Enterprise and Supplier Development
mm bbl
Million barrels
SAF
Sustainable aviation fuel
ESG
Environmental, social and governance
mmboe
Million barrels oil equivalent
SAPREF
South African Petroleum Refineries
EVP/s
Executive Vice President/s
m bbl
Thousand barrels
SARs
Share Appreciation Rights scheme
EUR/ton
Euro per ton
mm tons Million tons
SARS
South African Revenue Services
FCTR
Foreign currency translation gains
mmscf
Million standard cubic feet
SDG/s
Sustainable Development Goal/s
FERs
Fires, explosions and releases
mm3
Million cubic metres
SEC
Securities and Exchange Commission
FER-SR
Fires, explosions and releases – severity rate
MOI
Memorandum of Incorporation
SHE
Safety, health and environment
FT
Fischer-Tropsch
Memorandum of Understanding
SO
Secunda Operations
FY
Financial year/full year
MOU
MRG
Methane-rich gas
SO2
Sulphur dioxide
GDP
Gross domestic product
MSR
Minimum Shareholding Requirement
SRU
Sulphur recovery unit
Rand per ton
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