It seems like just yesterday that shareholder activists pitched at Sasol’s annual general meeting in November 2018 to challenge the company on its environmental and social compacts, in particular what they saw as its failure to provide stakeholders with adequate climate risk disclosure or to set greenhouse gas emission reduction targets.
The report, Positioning for resilience in a low-carbon future, is dated June 30 2019 and is the company’s “first report aligning with the recommendations of the Task Force on Climate-related Financial Disclosures ”.after a forensic investigation into the delays and cost overruns at the company’s $13-billion Lake Charles Chemicals Project, say in the report that “Sasol is reducing our greenhouse gas emissions and is well aware of the need to develop solutions to the challenge of climate change.
Hermann Wenhold, Sasol’s chief sustainability and risk officer, says in the report that to thrive fundamental change is required. “This is why we are implementing a three-pillar emission-reduction framework focusing on reducing emissions, transforming our operations and shifting our portfolio, with the aim of positioning our business for a carbon-constrained future.
Just Share’s Tracey Davies says the company’s “total global GHG emissions in 2017 was 67 632-million tonnes which, according to the Institute for Energy Economics & Financial Analysis , only gives us a 50% chance of achieving the Paris goals,” she says. “We continue exploring and pursuing further options, where feasible, including the use of renewable energy, process optimisation and feedstock changes. The most significant future improvements involve increasing the intake of natural gas or switching to other hydrogen-rich feedstocks.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IFP sends condolences to Nkabinde-Khawe family - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The IFP is the latest party to pay tribute to late Social Development MEC Thuliswa Nkabinde-Khawe describing her as a passionate person.
Source: SABC News Online - 🏆 32. / 51 Read more »
UNHCR reaches impasse with foreign nationals - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The United Nations High Commissioner for Refugees in South Africa says it has reached an impasse with foreign nationals demanding to leave the country. The UNHCR has disputed claims by some that it is not assisting them. So they want to moved to another country? Why not back to their original countries? And who should move them as if RSA moved them here. We don’t have budget. Let them call Moody’s agency to move them. Unreasonable demands...
Source: SABC News Online - 🏆 32. / 51 Read more »
Springboks thank South Africans for their support - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Springboks have sent a special message home thanking their fellow South Africans for their unwavering support during the Rugby World Cup tournament. They should thank the whole continent 😋 Is South Africa really changing as a nation? Bokke won the Ellis cup and the country unite RWC2019Champions Amazing... However, can we see the same happening in the bafana bafana team. Support, unity, and gees
Source: SABC News Online - 🏆 32. / 51 Read more »
Satawu demands minimum wage for security guards - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Transport and Allied Workers Union (Satawu) has rejected the five per cent wage increase offer from companies in the private security sector. Come 7November if they don't us what we want then it will be very messy It's about damn time Yep 7 November kuzobonakala it's December thy must give security guards wht thy want or else criminals will be busy tht day
Source: SABC News Online - 🏆 32. / 51 Read more »