Governance

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Human Due Diligence Process

Governance

SASOL'S GOVERNANCE FRAMEWORK

Sasol is a values-based organisation, committed to high standards of business integrity and ethics. The Board steers and sets the direction of the Group and brings independent, informed and effective judgement and leadership to bear on material decisions reserved for the Board, while ensuring that strategy, risk, performance and sustainable development considerations are effectively integrated and appropriately balanced.

AREAS OF FOCUS

The Board and its committees continue to closely monitor the implementation of Sasol’s legal compliance policies and processes and improve upon them to mitigate the risk of non-compliance with the laws in the various jurisdictions in which we do business. Competition laws, anti-bribery and anti-corruption laws, sanction laws, safety, health and environmental laws, identified as key Group legal compliance risk areas, remain our focus. We have implemented risk mitigation controls for each of these areas, aiming to achieve a balanced approach on compliance, by taking into consideration Sasol’s obligations as well as Sasol’s rights. The Board is satisfied that it fulfilled all its duties and obligations in the 2025 financial year.

We regularly review and benchmark the Group’s governance structures and processes to ensure they support effective and ethical leadership, good corporate citizenship and sustainable development and ensure that they are applied in the best interests of Sasol and our stakeholders. We have the necessary policies and processes in place to ensure that all entities in the Sasol Group adhere to essential Group requirements and governance standards.

As a direct or indirect shareholder, Sasol exercises its rights and is involved in the decision-making of its subsidiaries on material matters and the Board is satisfied that its delegation of authority framework contributes to role clarity and effective exercise of authority and responsibilities.

DETERMINING OUR MATERIAL MATTERS

Our material matters are factors that have the potential to impact, both positively and negatively, value preservation and creation in the short, medium and long term. Managing them effectively could support or hinder our ability to execute our strategy and remain competitive. Our material matters are reviewed annually with a detailed assessment conducted on average every three to four years.

Material matters management process

	APPROACH	ACTIONS
1	IDENTIFY
	Potential issues from internal and external stakeholders through engagements that have a paper trail and can be externally assured Whether any new issues are raised in addition to the current Material Matters OR whether engagers have been aware of issues via other avenues	Request made to stakeholders across the business for information that would provide insight into what their area of business, or the various stakeholder groups they engage with, regard as pertinent Ensure supporting documentation has been reviewed Compile and consolidate issues
2	EVALUATE AND ALIGN
	The potential issues in relation to the impact on Sasol and its stakeholders by: Assessing the impact according to the risk-based impact factors Ranking the issues and prioritising based on the materiality lens Confirming whether any of the rankings have changed Aligning Material Matters with strategic priorities for the financial year or other period priorities	Assess and check for alignment of issues in relation to FY24 Material Matters Determine whether any of the current issues have changed, or if new issues have come to light Determine the alignment of Material Matters with strategic priorities Review to determine whether they impact the Sustainable Development Goals (SDGs) that Sasol has identified as its focus goals
3	RECOMMEND
	The proposed Material Matters and the priorities to the Group Executive Committee (GEC) for approval and noting to the Board	Propose Material Matters to GEC for approval and noting by the Safety, Social and Ethics Committee
4	DOCUMENT
	The process followed in determining Material Matters to maintain transparency and ensure disclosure in the Integrated Report	Document processes followed in the determination of Material Matters for assurance purposes
5	REVIEW
	Monitor the progress made against Material Matters and disclose as relevant in the Integrated Report	Continuously ongoing

ENVIRONMENT COMPLIANCE
ENVIRONMENT, SOCIAL AND CORPORATE GOVERNANCE

We are committed to complying with all applicable laws and obligations arising from our environmental authorisations and this is embedded in our Code of Conduct.

Sasol is dependent on natural resources including coal, crude oil, natural gas and water for our business activities. Our activities, by their very nature, have an unavoidable impact on the environment; and we remain committed to minimising these impacts.

We recognise and understand the environmental footprint associated with our activities and responsibly manage these in a prudent and legally compliant way. Our actions aim to ensure that safety, health and environment (SHE) is a top priority. Additionally, our SHE Policy commits us to responsibly address our environmental challenges with consideration for the interests of our stakeholders.

Sasol continues to mitigate the risks related to air quality, water consumption, waste footprint, land use, and the impact on biodiversity through the ongoing investigation of alternative feedstocks, optimised processes, improved efficiencyand focused abatement technology retrofits.

This includes offsets, monitoring air quality through an extensive monitoring network as well as assessments of the impacts on the environment. Investments to reduce the environmental footprint of our existing facilities will benefit natural, human and social capital.

Managing Material matters

Material Matters: Issues that have the potential to substantially affect our ability to create value

A full assessment was undertaken in the year under review, in line with our commitment to do so every three to four years, with reviews taking place annually. During this process, identified matters are assessed using a materiality assessment matrix and with reference to the six capitals.

Safety of our people