Sasol claims that it can still achieve this target with no coal-to-gas feedstock replacement and increased production levels. It plans to “offset” increased emissions from maximised production through renewable energy investments and carbon offsets. /5

During its Capital Markets Day in May, Sasol announced that its optimised ERR will achieve the same 30%-by-2030 emission reduction targets it committed to in 2021, at a fraction of the cost. /4

This, together with the company’s doubling-down on fossil fuels, leads Just Share to recommend that investors vote against Sasol’s “say on climate” shareholder resolution which it has placed on the ballot ahead of its electronic-only 14 November AGM. /3

In the face of the glaring gaps in its decarbonisation plans, investors cannot properly assess how Sasol will implement the ERR in a way that ensures credible real-world emission reductions. /2

As important as investment in EV & battery manufacturing is, we need to ensure our national transport strategy is built on a framework that aligns with & enables a #justtransition.
@justsharesa.bsky.social published a report on the opportunities for this in 2022: justshare.org.za/wp-content/u...