SASOL CLARIFIES GREENHOUSE GAS (GHG) REDUCTION TARGET RANGE

Rhea-AI Summary

Sasol clarifies its greenhouse gas (GHG) reduction target amid media reports suggesting a possible revision. The company reaffirms its commitment to a 30% reduction by 2030 but is refining pathways to achieve this goal. Sasol emphasizes the need for agility in responding to the changing global landscape and energy security needs. The refinement process may involve shifts in feedstock, energy, and products to support a more sustainable pathway. Sasol is prioritizing value creation opportunities for a balanced approach across People, Planet, and Profit considerations. The company will provide a detailed update at its Capital Markets Day in 2025. Sasol's 2024 Integrated Report, available on their website, outlines more information on their approach.

Positive

• Commitment to 30% GHG reduction target by 2030 remains unchanged
• Refining strategies to remain agile and responsive to global changes
• Prioritizing value creation opportunities for a balanced approach

Negative

• Potential shifts in feedstock, energy, and products may impact current operations
• Uncertainty around specific pathways to achieve emission reduction target

JOHANNESBURG, Sept. 3, 2024 /PRNewswire/ -- Sasol remains committed to a sustainable energy transition and work continues to refine our strategic direction, which includes our GHG emission roadmaps to 2030 and beyond. The group target of a 30% reduction by 2030 remains. However, we are in the process of refining our pathways towards achieving this target to ensure that we remain agile, mitigate potential risks and also respond to new emerging opportunities, given the changing global landscape and energy security needs.

These refinements may introduce shifts in feedstock, energy and products to support our pathway towards being more sustainable. To this end, we are prioritising value creation opportunities to enable a balanced approach across People, Planet and Profit considerations. More information on our approach is outlined in our 2024 Integrated Report, which is available on our website (www.sasol.com).

While media reports have suggested a possible revision of our emission reduction target to a range, it is important to note that this is only an example of an approach addressing the complexity of our transition. Further detailed work is currently underway and an update will be shared at our Capital Markets Day in 2025.

For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com

View original content:https://www.prnewswire.com/news-releases/sasol-clarifies-greenhouse-gas-ghg-reduction-target-range-302236449.html

SOURCE Sasol Limited

FAQ

What is Sasol's current greenhouse gas reduction target for 2030?

Sasol's current greenhouse gas reduction target remains a 30% reduction by 2030.

Is Sasol (SSL) revising its emission reduction target?

Sasol is not revising its 30% reduction target, but is refining pathways to achieve this goal while remaining agile to global changes and opportunities.

When will Sasol provide an update on its emission reduction strategies?

Sasol plans to provide a detailed update on its emission reduction strategies at its Capital Markets Day in 2025.

What changes might Sasol implement to achieve its GHG reduction target?

Sasol may introduce shifts in feedstock, energy, and products to support a more sustainable pathway towards achieving its GHG reduction target.