Report of the Nomination, Governance, Social and Ethics Committee
On behalf of the Nomination, Governance, Social and Ethics Committee, I am pleased to present the report on social and ethics matters.
In executing our social and ethics responsibilities, as required by the South African Companies Act, the Nomination, Governance, Social and Ethics Committee considered and monitored Sasol’s activities, having regard to relevant legislation, human rights and prevailing best practice, in matters relating to:
- Social and economic development, including Sasol’s compliance with the 10 principles of the United Nations Global Compact as well as the purpose of the Organisation for Economic Co-operation and Development recommendations regarding corruption. The Committee also considered Sasol’s activities in relation to good corporate citizenship, with an emphasis on Sasol’s social investment and global programmes embarked on within education, skills development, environment, community development and employee volunteerism.
The Board was responsible for considering and monitoring Sasol’s activities in relation to all environmental, health and public safety matters, including the impact of the company’s products and services on stakeholders.
- Labour and employment activities, taking into consideration employment relationships, organised labour and the International Labour Organisation Protocol on decent work and working conditions. The Committee also considered Sasol’s progress in terms of the South African Employment Equity Act, No 55 of 1998, focusing on gender diversity and women empowerment and Sasol’s contribution towards the educational development of employees. Sasol is committed to promoting equal opportunities and fair employment practices, globally, across all its businesses. We have implemented several programmes to ensure the practical application of our commitment to human rights, including worker participation and employment equity, always maintaining our high standards and statutory compliance.
Sasol’s code of ethics applies to all our directors and employees, it emphasises that ethical behaviour in everything Sasol does, globally, is an essential building block to embed a values-driven organisation and high-performance culture. We have translated the revised code into the most common languages of the major countries in which we operate. Our values are included in employee’s performance assessments. We also conduct extensive awareness campaigns for our employees, service providers and customers and have implemented a supplier code of ethics.
- Stakeholder relationships, including supplier and consumer relationships and the governance of the Group’s stakeholder engagement activities as well as Sasol’s standing in terms of the South African Broad-Based Black Economic Empowerment (B-BBEE) Act, No 53 of 2003, including Sasol’s proposed response to the revised B-BBEE Codes.
The Board, assisted by the Committee, ensures that disputes with Sasol’s stakeholders are resolved as effectively, efficiently and expeditiously as possible. It considered the legitimate interests and expectations of stakeholders in all its decision-making. We regularly communicate with our stakeholders, including by presenting the Group’s strategy and performance. In terms of the Promotion of Access to Information Act, 2 of 2000, Sasol considers and responds to all requests for access to information. We ensure appropriate engagement with requesting parties, without compromising Sasol’s rights with respect to the protection of certain information.
Dr Mandla SV Gantsho
28 August 2017
|Further details on our sustainability reporting, including social and ethics matters are provided on our website at www.sasol.com.|
|The code of ethics is available on our website www.sasol.com/sustainability/ethics.|