Sasol is committed to responding to our climate change risks through the development and implementation of an appropriate mitigation response to enable the long term resilience of the company’s strategy and business operations, including reducing our emissions and promoting energy efficiency within our operations.
For Sasol, a short-, medium- and long-term view of our climate change risks and opportunities is taken, with the use of scenario analysis across our diversified portfolio to inform decision-making. Key processes in South Africa, especially coal gasification and combustion, result in relatively high carbon dioxide emissions. Sasol is committed to reducing its overall impact on the environment, whilst developing and implementing an appropriate climate change mitigation response to enable the long term resilience of the company’s strategy and business operations. In light of this, Sasol has identified environmental sustainability as one of our top risk events, including climate change as a key issue in the context of our support for the Paris Agreement and the national circumstances of the countries in which we operate.
Sasol’s value based growth strategy has been developed by leveraging our core strengths in response to global megatrends, one of which is climate change. Climate change and economic considerations influenced Sasol’s decision to focus on lower carbon intensive growth and to no longer consider investments in greenfield CTL and GTL facilities.