SASOL LIMITED | Advisory resolution number 3: To endorse, on a non-binding advisory basis, Sasol’s climate change mitigation and adaptation strategy and management approach.

Status
AGM passed
AGM date
Previous AGM date
Proposal number
3
Resolution details
Company ticker
SOL
Lead filer
Momentum Metropolitan Life Ltd
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate adaptation
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
South Africa
Resolved clause
To endorse, on a non-binding advisory basis, Sasol’s climate change mitigation and adaptation
strategy and management approach, which supports the Paris Agreement, recognises the role of
business in managing climate risks, enables opportunities that drive societal value and strengthens
the Company’s resilience in a responsible and balanced manner. This includes Sasol’s optimised
emissions reduction roadmap (ERR), as presented during the Company’s 2025 Capital Markets Day,
and its commitment to achieving its 30% greenhouse gas emissions reduction target by 2030
(comprising scope 1 and 2 emissions) and its net zero ambition by 2050, off a 2017 baseline, in a
manner that will ensure the long-term sustainability of Sasol and the ability to create value for its
stakeholders.
Unless the strategy and management approach towards climate change are materially changed,
the resolution will remain in effect for a three-year period (2025-2028) within which Sasol will
continue to report on progress towards achieving its targets outlined above in the Company’s
Integrated Report annually. Motivation for advisory endorsement
Sasol remains committed to its greenhouse gas emissions reduction target of 30% by 2030 and its
net zero ambition. Sasol’s optimised ERR demonstrates the Company’s ability to lower its carbon
footprint while following a value-accretive transition in line with customers’ demand for our
products. In 2025, Sasol made key adjustments to the roadmap that maximise production from
Secunda while improving emissions performance. These include expanding its renewable energy
ambition from 1,2 to 2 GW to replace a greater portion of coal-based electricity with cleaner,
cost-effective power; leveraging sustainable market mechanisms like carbon offsets and renewable
energy certificates (RECs) to provide flexibility for emissions that are currently hard to abate; and
optimising capital expenditure. In addition to the mitigation strategy, Sasol’s climate adaptation
response focuses on changing processes and behaviours to anticipate, prepare for, and respond to
climate risks. Sasol’s approach reflects a deliberate balance between decarbonisation, affordability,
and the need to sustain operations and broader socio-economic commitments to ensure
responsible value creation as the Company progresses toward a lower-carbon future. In light of this,
the Board is seeking to confirm Shareholders’ support of the Company’s mitigation and adaptation
strategy and approach to climate change and its optimised ERR. More detail on our environmental,
social and governance strategy and implementation is available in our 2025 Integrated Report,
which is available on the Company’s website at www.sasol.com.
Supporting statement
While we acknowledge some procedural progress in Sasol’s decarbonisation approach, our core concerns remain unaddressed. The company continues to lag on its 2030 emission-reduction trajectory, and disclosures still lack clear, measurable, and site-specific targets.
We continue to advocate for:
• Transparent disclosure of pollution impacts and related community health risks;
• Clear social transition indicators, including measurable targets for worker reskilling and regional economic support; and
• Accountability for climate delivery at board and executive levels, supported by climate-linked remuneration metrics.
Momentum maintains that a stand-alone climate change report is necessary to ensure credible, transparent, and just transition progress.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Momentum Metropolitan Life LtdAgainstWhile we acknowledge some procedural progress in Sasol’s decarbonisation approach, our core concerns remain unaddressed. The company continues to lag on its 2030 emission-reduction trajectory, and disclosures still lack clear, measurable, and site-specific targets.
We continue to advocate for:
• Transparent disclosure of pollution impacts and related community health risks;
• Clear social transition indicators, including measurable targets for worker reskilling and regional economic support; and
• Accountability for climate delivery at board and executive levels, supported by climate-linked remuneration metrics.
Momentum maintains that a stand-alone climate change report is necessary to ensure credible, transparent, and just transition progress.

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