Sasol Ethics

	Summary of ethical principles and behavioural standards
	Sasol Code of Ethics
	Sasol Code of Ethics – German
	Sasol Code of Ethics – Italian
	Sasol Ethics Code – Portuguese
	Sasol Code of Ethics – Mandarin
	Sasol Conflict of Interest Policy

SASOL GOVERNANCE OF ETHICS

Accountability
The Sasol Limited Board of Directors is ultimately accountable for ethical business conduct in Sasol and to oversee ethical behaviour in accordance with the Sasol Code of Ethics.
The Board has mandated the Nominations, Governance, Social and Ethics Committee (NGSE) of the Board to ensure that Sasol has effective ethics policies, structures and programmes to institutionalise and monitor ethics in the company.  The NGSE oversees, directs (with regards to ethics best practices, implementation programmes etc.) and monitors ethics in Sasol for and on behalf of the Board.
Responsibility
The responsibility for practical direction setting, strategy setting and management of ethics then becomes the responsibility of the Group Executive Committee (GEC).  The GEC has assigned the responsibility to oversee the direction and management of ethics governance on its behalf to the Combined Assurance and Disclosure Committee.
Execution
In order to provide execution capability and capacity to the tasks of setting and achieving ethical objectives, advancing an ethical culture and addressing ethics risks and opportunities, The GEC appointed the Group Ethics Office (GEO), headed by the Chief Ethics Officer, as a functionally independent office that is the custodian of a comprehensive and integrated ethics programme.  The purpose of the GEO is to:

• be the custodian of Sasol’s code of ethics, ethics strategy and ethics programme;
• develop, refine and roll-out comprehensive ethics strategies, programmes, tools and initiatives;
• provide ethics assurance and governance for Sasol

Senior Vice Presidents (SVP) of the various Sasol business entities are accountable to their Executive Vice Presidents (EVP) for the implementation of the Sasol Code of Ethics and related policies in their businesses and are assisted by Ethics Officers that they have appointed for their respective entities.
The GEO facilitates compliance with the Code of Ethics and related policies by utilising the decentralised ethics community, especially the business entity ethics officers.

Functional independence
The Chief Ethics Officer reports to the Senior Vice President Governance and Ethics, who in turn reports to the Executive Vice President Advisory and Assurance (Company Secretary).  The Chief Ethics Officer, however, has the authority to raise matters of concern to the chair of the Sasol Audit Committee, chair of the NGSE Committee or the Chairman of the Board – without approval or fear of reprisal from the CEO, the Executive Vice President Advisory and Assurance, the Senior Vice President Governance and Ethics or any other senior manager, if so required by a situation.

SASOL ETHICS PROGRAMME

Sasol’s strategic goal with ethics is to achieve business success on the earned foundation and reputation of Sasol as an ethical enterprise.
Sasol’s ethics strategy is principles based and anchored in the company’s shared values, especially the value of integrity.  Ethics is applied sensibly based on sound reasoning.
The Sasol ethics programme has two main focus areas:

• proactive – advancing and promoting an ethical Sasol culture group wide
• reactive – ensuring that all reports of potential transgressions are appropriately received, investigated and resolved.

The success and longevity of the Sasol ethics programme relies on the correct tone at the top of the organisation, with a visible demonstration of leadership’s belief in and commitment to an ethical organisation.
This commitment is required to breathe life into the eight elements of the programme managed by the Sasol Group Ethics Office, which are designed to drive a strong ethical culture.  The components of the programme are to:

• develop, implement and lead cost effective and business integrated group ethics strategy;
• identify ethical risks and opportunities and mitigate ethics risk exposure;
• develop and implement appropriate codes, policies, procedures, protocols and controls;
• institutionalise and shape a strong ethical culture, approaches and practices;
• enable violation detection, reporting and objective investigation and resolution outcomes;
• facilitate and support appropriate and effective governance structures and mechanisms;
• apply appropriate enabling technologies that ensure ethics management effectiveness and efficiency;
• monitor ethics culture and climate and report on programme performance;

ETHICS SPEAKING OUT

The Sasol EthicsLine is a confidential and independent system which allows any person to report suspected transgression of the Code of Ethics.  The Sasol EthicsLine is operated independently and externally to Sasol by Tip-Offs Anonymous, a division of Deloitte. Although the EthicsLine allows for anonymous reporting (unless in a country which prohibits anonymous disclosures) the company encourages people to at least provide their details to the EthicsLine as it assists with the investigation process.

Sasol EthicsLine numbers

 
Alternate contact methods:

CONTACT THE SASOL GROUP ETHICS OFFICE

Sasol Group Ethics Office