SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 76
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
SAFETY, SOCIAL AND ETHICS COMMITTEE CHAIRMAN’S STATEMENT continued
Sasol also strives to cause no harm to the environment, essential for
protecting natural resources, preserving biodiversity, and ensuring a
healthy planet for future generations.
To support our aim to achieve zero harm to people and planet, we continue
to follow a comprehensive approach to further enhance our safety culture
and performance through structured safety leadership, proactive service
provider management and behaviour transformation strategies.
Process safety is another area we want to improve. Hence we are adopting
a more consistent, holistic, and risk-based approach, supported by the
appointment of a technical authority, to drive asset integrity and ensure
safe, reliable and efficient operations.
For more information in relation to our safety programmes, refer to pages 101 – 104
in this report
Protecting human rights and fostering a strong
ethical culture
Our values and Code of Conduct underpins how we behave and gives
us guidance on how to interact with each other and our stakeholders.
The Committee approved the revised Code of Conduct during the year
which is aimed at enhancing and embedding a culture that supports
ethical conduct.
We protect human rights in accordance with Sasol’s Human Rights Policy,
which reflects the United Nations Guiding Principles on Business and
Human Rights, and expect our business partners to uphold this Policy and
encourage them to implement similar policies.
Crime and corruption are pervasive in both the public and private sectors,
eroding trust and diverting resources that could be better used. It is a
major impediment to economic growth and good governance. To mitigate
this risk, Sasol has implemented a detailed Anti-Bribery and Corruption
Compliance Programme.
Sasol also provides mechanisms for addressing concerns in relation
to ethics, human rights and corruption.
Refer to pages 128 – 131 of this report for more details relating to our approach to
human rights and ethics.
Our people
Sasol’s vision can only be achieved through its people. The Committee
continues to monitor aspects within the realm of its responsibilities that
impact Sasol’s people to ensure they work in a safe environment which
fosters employee well-being and a culture of mutual respect.
We continue to promote diversity, equity and inclusion. In South Africa,
female representation at middle management level had increased by 1%
for the year, with no regression at other levels or in other countries.
The South African government has mandated a target of 37% female
representation in the manufacturing sector by financial year 2028 and
therefore plans have been put in place to increase female representation
by 2% annually to enable Sasol to achieve this target.
Furthermore, in South Africa, African, Coloured and Indian representation
has increased by 1% in both the Bursary and Learnership Programmes.
Seventy learners were absorbed into the employment market following a
successful learnership programme.
Our communities
In financial year 2024 we commissioned and completed the corporate social
investment baseline study enabling us to gain a comprehensive
understanding of the socio-economic context surrounding Sasol’s local
communities. This study is crucial for informing the initiatives we roll out
and in navigating the expectations of these communities.
Driving greater access and better quality education is a priority for socioeconomic transformation. To achieve this, Sasol continues to invest in early
childhood development through to graduate development. Over the past
ten years, our investment in education has impacted more than 10 million
learners. Through our Bridge to Work programme, we provide targeted
interventions to enable youth with skills, technical, vocational and work
ready training that equip them to be self-sufficient and positive contributors
to local economies.
We also attend to crucial infrastructure needs for our local communities,
which include access to healthcare services, basic water and sanitation.
It is also with pride that I can highlight our Sasol for Good programme,
which is our employee volunteering programme where our employees come
together to the benefit of our communities. More than 60% of our people
dedicate their time and effort to social impact progress through collective
skills and expertise in our local communities. Collaboration with our
non-profit organisation partners is critical to the success of Sasol for Good.
Refer to pages 109 – 120 of this report for more details relating to the work we do in our
communities and our corporate social investment programmes.
The environment, health, public safety and consumer
relationships
We remain committed to a 30% greenhouse gas reduction target by 2030
of the 2017 base which will contribute to a long-term sustainable and
value-accretive transition. We monitor Sasol’s compliance with air quality,
greenhouse gas and fresh water requirements and achievement of other
internal performance targets.
Water is a growing concern nationally and the Committee is following Sasol’s
water volume and intensity performance closely.
Sasol’s product stewardship programme adopts a risk-based approach
to minimise health, safety, and environmental impacts throughout the
product life cycle while ensuring quality to meet evolving customer needs.
We also manage a plastics recovery programme which aims to reduce plastic
pollution by creating a circular value chain for plastics. By implementing
global best practices, Sasol delivers safe, high-quality products.
Sasol conducts assurance across operations, suppliers, and customers,
supported by regulator inspections and customer-led sustainability audits.
For more detailed information on how we manage environmental matters refer to pages
77 – 95 of the report.
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For 2025, Sasol was once again included in the Standard & Poor’s
Sustainability Yearbook, which recognises companies making strides
in sustainability. Sasol also remained in Standard & Poor’s Global
LargeMidCap ESG Index. The Group’s MSCI ESG rating improved from
BBB to AA in the year, while the Sustainalytics risk rating for Sasol
deteriorated from 30,6 to 35,6, staying in the high-risk category. The
ISS Corporate rating for Sasol showed a year-on-year improvement in
Governance but a decline in Environment; Sasol’s rating in the Social
category remained flat.
Looking ahead and conclusion
Given the changing strategic focus, we are prioritising economic
development that supports a shared value management approach, which
is committed to strengthening local community resilience by facilitating
a progressive transition to new economic trajectories. In particular, we
plan to grow value through new sustainable businesses that are inherently
aligned with carbon intensity reduction. More details are in the Strategy
and Business Building sections of the integrated annual report.
Since 2019, Sasol has supported the Sustainable Development Goals
(SDGs) and now prioritises six, as we believe we can contribute most
constructively to SDGs 5, 8, 9, 12, 13 and 17. Sasol also supports the
Forward Faster initiative to accelerate progress towards the SDGs by
2030. The Group has participated in the Voluntary National Review,
which aims to expedite the implementation of the 2030 Agenda,
reflecting our commitment to sustainability and transparency.
Since joining the Sasol Board on 1 September 2024 – and becoming the
Chairman of this Committee soon thereafter – I have been encouraged
by the commitment of Sasol’s people, who are clearly dedicated to
creating long-term value; being safe; addressing the challenges of
climate change and resource management; minimising Sasol’s
environmental impact; and enhancing our social impact.
I am inspired by this and thank them and my colleagues on the
Committee for their work to make Sasol more sustainable.
Looking ahead to financial year 2026, the Committee will continue to
prioritise safety at Sasol; advance the Group’s climate, environment
and social objectives; and improve reporting mechanisms to enhance
oversight. On behalf of the Committee, we thank you for your interest
and look forward to engaging with you in the year ahead.
David Eyton
Safety, Social and Ethics Committee Chairman
27 August 2025
