MASHINIi

Sasol.

SSL.US | Manufacture of basic chemicals

Sasol Limited is an integrated energy and chemical company. It operates through various segments, including Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. The company's primary activities involve the production of a range of chemical products, including polymers, sol...Show More

Ethical Profile

Mixed.

Sasol's ethical standing is mixed. Its Secunda plant, reportedly the world's largest single source of greenhouse gas emissions, has been linked to increased hospital admissions and deaths in South Africa. Mossville, Louisiana, was allegedly exposed to elevated cancer risks from Sasol's emissions and experienced forced displacement. The company faced a $1,441,712 EPA fine for Clean Air Act violations and over $150,000 in safety penalties. Sasol aims to reduce GHG emissions by 30% by 2030, securing 757MW of renewable energy and planning for over 2GW. Its European chemical facilities are ISCC-PLUS certified for bio-based feedstocks.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity20
-100100
Fair Pay & Worker Respect-40
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-20
-100100
Kind to Animals-40
-100100
No War, No Weapons-40
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities20
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-60
-100100

Better Health for All

-40

Sasol's core products and operations are linked to severe, widespread health damage, including over 5,000 annual deaths in South Africa's Highveld Priority Area due to air pollution

1
and a 39% contribution to excess estimated cancer risk in Mossville from ethylene oxide emissions
2
. The company's Secunda plant is the largest single source of greenhouse gas emissions globally
3
, with emissions linked to increased hospital admissions and deaths
4
. This constitutes major health-harming externalities with inadequate remediation, as evidenced by increased emissions in 2020-2021
5
, court orders
6
, and relaxed emission standards
7
. The company's safety record includes 2 employee and service provider fatalities
8
and 15 major and significant fires, explosions, and releases
9
. Risk disclosures are incomplete, with the South African government failing to publish findings from 2016 and 2019 studies on air pollution impact
10
, and the USEPA issuing notices for federal risk management rule violations
11
. Despite these negative impacts, Sasol has implemented several positive health initiatives. It provides substantial support to the healthcare workforce through extensive COVID-19 response efforts, including donations of PPE, sanitizers, and equipment to hospitals and clinics
12
, and by staffing mobile health units
13
. The company offers comprehensive mental health programs for employees, including counselling, workshops, and an app
14
, and provides community counselling for gender-based violence victims
15
. Sasol also conducts extensive health education, reaching over 1.6 million young people with HIV/AIDS awareness campaigns
16
, providing COVID-19 and girls' hygiene education
17
, and chronic disease awareness
18
. Furthermore, it has initiatives to reach vulnerable populations, such as free services for gender-based violence victims
19
, support for disadvantaged learners
20
, and eye testing for senior citizens and people with disabilities
21
. The company's business model does not involve pharmaceutical patents, nutrition/food products, addiction potential from its core products, or clinical trials.

Fair Money & Economic Opportunity

20

Sasol is primarily an energy and chemical company, not a financial institution. As such, it does not offer consumer lending or deposit services, nor does it operate financial service access points, leading to a score of 0 for `data_accessibility`, `financial_literacy_initiatives`, `geographic_inclusion`, and `product_simplicity`. However, Sasol does engage in lending through its Siyakha Development Trust, which provides enterprise and supplier development funding to black-owned suppliers, enterprises, and entrepreneurs. This loan book, which ended at R728.5 million in 2021, is entirely aimed at SME and micro-segments, resulting in a score of 100 for `inclusion_initiatives`.

1
Other KPIs, including `underserved_client_share`, `pricing_fairness`, `exploitative_fee_exposure`, `fair_lending_compliance`, `wealth_building_outcome`, `profit_reinvestment`, and `debt_burden_ratio`, are omitted due to a lack of specific, quantifiable data relevant to the rubric's thresholds or the company's financial activities.

Fair Pay & Worker Respect

-40

Sasol reported 7 in-house fatalities in 2023, which was the highest since 2018.

1
Its in-house recordable injury incident rate increased by 60% and contractor-related recordable injury incident rate increased by 35% between 2022 and 2023.
2
Additionally, the company incurred one substantiated workplace safety or health violation in 2021, resulting in an OSHA penalty of $13,653.
3

Fair Trade & Ethical Sourcing

0

No incidents of forced or child labour were mentioned in the provided articles.

1
Sasol conducts risk-based supplier due diligence assessments for new and existing suppliers in South Africa, Eurasia, and Americas, with continuous monitoring using a digital solution.
2
The company also has a Supplier Code of Conduct which suppliers are required to operate within.
3

Honest & Fair Business

-20

Sasol Chemicals was fined $1,441,712.00 by the EPA in April 2024 for Clean Air Act violations and a fire in October 2022.

1
The company has experienced financial restatements, with data for FY22 and consolidated financial statements for FY23 restated due to system discrepancies and an error in convertible bond classification, respectively, averaging 0.4 restatements per year over the last five years.
2
,
3
The Audit Committee oversees the external audit function for the company and all Group companies, with external auditors auditing the consolidated and separate Annual Financial Statements.
4
,
5
Sasol has a formal Whistle-blower Policy, including a dedicated EthicsLine managed by Tip-Offs Anonymous, which is certified by the Ethics Institute SA.
6
However, a former employee claimed management did not follow anti-retaliation policies, and the resolution of this individual's complaints spanned several years.
7
Sasol has a comprehensive Anti-Bribery Policy, updated in July 2024, which covers all employees and majority-owned joint ventures, prohibits facilitation payments, and mandates risk-based due diligence for third-party relationships.
8
,
9
In 2022, 99% of the target audience completed anti-bribery training.
10
Sasol achieved a DJSI score of 62 in its 2022 review.
11

Kind to Animals

-40

Sasol's rhino conservation efforts have resulted in the birth of eight calves since 2017, increasing the total rhino population at its Secunda camp to 15

1
, and the company relocated two rhino cows from a high-risk poaching area.
2
Sasol Energy partnered with the Endangered Wildlife Trust (EWT) for biodiversity practices
3
, including a footprint assessment at its Sasolburg and Secunda sites
4
, and a wetlands mitigation plan in Southwest Louisiana.
5
However, avifaunal species richness in the grassland biome declined by approximately 2.1% annually from 53 to ~40 species between 2011 and 2025
6
, and some grassland and herpetofauna species richness targets were not met in 2025.
7
Sasol has an animal testing policy that suppliers must align with
8
, and it supports alternative approaches to animal testing.
9
The company is a member of the Animal-Free Safety Assessment Collaboration and the European Partnership for Alternative Approaches to Animal Testing.
10

No War, No Weapons

-40

Sasol depends on Iranian oil imports for 20% of its crude.

1
This amounts to 12,000 barrels a day at its Natref refinery.
2
This occurs despite increased pressure from U.S. and European sanctions on those doing business with Tehran.
3
Sasol is actively trying to diversify away from Iranian oil.
4
The company states it adheres to trade controls and international sanctions.
5

Planet-Friendly Business

-60

Sasol's total Scope 1, 2, and 3 greenhouse gas emissions for 2025 were 91,504,584 tCO2e.

1
, representing a 4.57% decrease from 2024.
2
The company states its business does not fall within the Science Based Target Initiative's (SBTi) available methodologies and is evaluating applicability, despite claiming its 2030 reduction target is "well below 2°C aligned" and its 2050 net-zero ambition is "1.5°C aligned." Purchased renewable energy makes up 0.1% of Sasol’s energy usage.
3
, although over 750 megawatts of Power Purchase Agreements have been signed for future integration.
4
Water withdrawal was 8,109.9 m³ per $1M revenue. The waste diversion rate, based on recycled waste, is approximately 28.72%. Sasol Chemicals settled with the EPA for alleged Clean Air Act violations and a 2022 fire incident at its Westlake, Louisiana facility, incurring a civil penalty of $1,441,712.00.
5
The company has a net-zero greenhouse gas emissions ambition by 2050, with interim targets to reduce absolute Scope 1 and 2 emissions by 30% and Scope 3 emissions by 20% by 2030.
6
Sasol mentions the Task Force on Climate-related Financial Disclosures (TCFD) as a reporting standard and has a TCFD Index available.
7
Plausible business scenarios are used to stress test the Group’s strategy. The company disclosed an impairment of R35.3 billion for its Secunda liquid fuels refinery cash generating unit.
8
Sasol has established a Just Transition Office and developed a roadmap with prioritized interventions for affected workers and communities, approved in May 2023, including the "Bridge to Work Iphepe" project which secured R30 million in funding.
9

Respect for Cultures & Communities

20

Sasol's Voluntary Property Purchase Program in Mossville, Louisiana, was criticized for failing to adhere to international best practices, with 22 of 32 interviewed households experiencing it as forced displacement, 22 reporting insufficient compensation, and 20 reporting emotional distress.

1
The report also alleged racial discrimination in buyout offers.
2
In contrast, Sasol has established over 3200 formal partnerships with NPO partners in South Africa.
3
The company demonstrates strong local procurement, with 91% of total spend with local suppliers for PPA operations in Mozambique and 95% of spend with Mozambican companies directed to local entities.
4
Additionally, 80% of PSA contracts in Mozambique were awarded to local companies.
5
Sasol supports language inclusivity by translating Grade 1-3 maths books into 11 official languages in South Africa
6
and making its EthicsLine available in 18 different languages.
7
No cultural appropriation incidents were reported.
8

Safe & Smart Tech

0

Sasol reported no material violations of any laws or regulations, nor any material penalties or fines imposed in the year under review (FY2023/2024).

1
The company demonstrates compliance with a wide range of regulations, including US FCPA, anti-bribery laws, trade sanctions, environmental laws, data privacy laws (including GDPR), JSE and NYSE listing requirements, Companies Act, and SOX.
2
Sasol also proactively addresses new requirements such as Pillar Two legislation and the Climate Change Act.
3
Sasol has designed and implemented its data collection and handling policies, processes, and procedures with stringent global privacy and data protection laws in mind.
4
Users have the right to withdraw consent, object to processing, access, correct, request data portability, and request deletion of their data.
5
For data minimization, Sasol retains personal data only as long as necessary, with Google Analytics 4 cookies retaining information for up to two years.
6

Zero Waste & Sustainable Products

-60

Sasolburg Operations diverted 40% of waste from landfill in FY23

1
, and its Ekandustria operations recycled 46% of hazardous waste in 2023
2
. However, the company has no true circular product, process, or innovation
3
, and lacks objective and measurable circular economy targets
4
. Sasol produces and uses 18 highly hazardous substances, with 4 on the EU’s REACH Candidate List
5
, and is not actively reducing the hazardous waste it generates
6
. The company was found to have violations of the Clean Air Act's chemical accident prevention provisions
7
, resulting in a $1.4 million civil penalty announced in April 2024
8
, in addition to paying over $8 million in penalties for four environmental violations between 2011 and 2020
9
. Sasol has multiple waste reduction initiatives
10
, including funding the Packa-Ching recycling initiative
11
, which aims to collect 70,000 tons of recyclable waste annually by 2025
12
. The Packa-Ching initiative also educates residents on the value of recycling
13
, and customer assessments and training are provided for responsible product use
14
.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.