Johannesburg, South Africa – In an effort to realise its ambition towards meeting the Paris Agreement goals, Sasol is placing a request to the market to collaborate with experienced carbon offset project developers. The aim to determine the ability of the South African market and South African Development Community (SADC) to generate and make available carbon credits.
Sasol is committed to reducing its operational greenhouse gas emissions profile through various mitigation activities. Our strategic choices and updated strategy, we term Future Sasol, informs our path to ensuring Sasol remains sustainable in the long-term and in a carbon-constrained future. For us to be successful, more partnerships across our value chain are needed.
Carbon offsets and carbon markets are recognised under Article 6 of the Paris Agreement as a critical tool to reach climate ambitions when pursued once every effort has been made to first avoid and reduce direct emissions. These projects are beneficial not only from a greenhouse gas reduction perspective, but also from a socio-economic one as they bring multiple sustainability co-benefits to the communities and areas in which they are located.
To progress our climate change ambitions, Sasol is inviting interested parties to participate in a Request for Information (RFI) for the development and implementation of carbon offset projects based in the South African and SADC regions.
The closing date for parties to express their interest in writing using carbon.offsetsprojects@sasol.com is Friday, 13 November 2020. The RFI will then be published on Sasol’s Ariba platform the following week.
Sasol wants to identify partners that are involved in carbon offset projects at any stage of the development process in the specified regions. Projects must focus on generating emission reductions in sectors that would otherwise not have been incentivised to do so; for example, in domestic energy efficiency, waste and Agriculture, Forestry and Other Land Use (AFOLU) sectors.
Interested parties may apply for access to the RFI by forwarding their company profile together with contact details to: carbon.offsetsprojects@sasol.com.
Forward Looking statements
Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
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. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.