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| Engaging our stakeholders |
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| "We would like to take the opportunity to note
that the Sasol 2005 sustainable development
report is one of the most candid and
comprehensive reports that we have reviewed
to date." |
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| Promoting stakeholder engagement and outreach |
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Engaging with our stakeholders forms an important part of the way
in which we do business and is a cornerstone of our strategic
commitment to sustainable development. "Winning with people" is
one of Sasol's six core values and our commitment to appropriate
stakeholder engagement and community outreach and involvement
is stated in the Sasol SH&E policy, as well as in our code of ethics.
We aim to grow the dialogue with our staff, shareholders, market
partners, civil society and government through joint reflection and
shared understanding. We issue our annual reports, SD reports and
other publications to all stakeholder groups. Community leaders,
journalists, investment analysts, government and parliamentary
offices, and other stakeholders are invited to participate in occasional
mine and factory site visits, plant and project opening ceremonies
and other Sasol events throughout our international operations. |
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| Informing our investors |
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Through our investor relations team, assisted by investor relations
consultants in New York and London, we keep shareholders and the
investment community posted on our financial results and topical
issues. Our chief executive, deputy chief executive, chief financial
officer and investor relations team regularly present and discuss group
performance and strategy with investment analysts, institutional
investors and journalists in South Africa, North America and Europe.
To ensure communication with those without access to electronic
media, we publish highlights of our annual and interim financial
results, inclusive of a business overview and commentary, in the
main South African daily newspapers. In line with NYSE and JSE
regulations, we do not disclose information selectively to
shareholders, and endeavour to share information with as many
stakeholders as possible. Major announcements, including financial
results, cautionary announcements, executive appointments, BEE
deals, and business acquisitions and disposals, are made through the
Stock Exchange News Service, electronic filings with the Securities
and Exchange Commission (SEC) in the USA, news wire services,
media releases and the Internet. |
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| Working with regulatory officials |
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We work actively to establish and manage mutually beneficial
relationships with governments, especially in South Africa, by seeking
to position Sasol favourably with government departments, alerting
the company on public issues that can impact on the achievement of the company's strategic objectives and establishing a more credible
voice for Sasol on matters of public policy. On many policy issues we
communicate with government through the forum of the relevant
business association.
We monitor the legislative process in South Africa by forging
relationships with members of the relevant parliamentary portfolio
committees and we lobby both individuals and subcommittees.
While different government departments are important to Sasol's
sustainability, we place more emphasis on those departments that
are more relevant to our day-to-day business, including the national
departments of the Presidency, Minerals & Energy, Treasury, Trade &
Industry, Environmental Affairs & Tourism, Labour, Water & Forestry,
Science & Technology, and Transport. At provincial and local levels,
particularly in the Mpumalanga and Free State provinces, we
establish and maintain good relations with premiers, relevant
members of executive councils (MECs) and executive mayors, as
well as traditional leaders in rural areas.
We also regularly interface with government officials in
Mozambique, Germany, Italy and the USA. We have established
positive relations in Qatar where we have developed our first
international GTL plant in partnership with the state-owned oil
company, Qatar Petroleum. Sasol has been nurturing government
and business relations in other countries where we have been
investing or are planning to invest. These include Malaysia, China,
Iran and Nigeria. |
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| Engaging local communities |
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| We keep local communities involved in our SD programmes,
especially when dealing with potentially sensitive issues such as
water management, emissions to air, waste management and the
development of new production facilities. In addition to the public
participation initiatives implemented as part of new projects, we
continue to undertake community outreach initiatives at most of our existing operations. These initiatives include holding public
meetings, hosting explanatory tours of our operations and
implementing structured systems for responding effectively to
community complaints. This approach towards community outreach
has provided our management teams with a deeper understanding of
community concerns and interests. |
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