WEBVTT

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Vujo, Luca, welcome Vujo to you.

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First, Sasol have made some firm
climate commitments.

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Would you just talk to me a
little bit about them?

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Thanks, Georgie.

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We certainly have made firm
commitments.

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They include cutting our
greenhouse gas emissions by 30%

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by 2030 off our 2017 baseline.

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And that really is focused
around the scope one and scope 2

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emissions, cutting our scope 3
missions in that.

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By 20% and really focusing
ourselves on the ultimate

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ambition of being net 0 by 2050.

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So that's essentially what the
targets, the targets are and we

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do believe especially when one
is regards to our business and

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the carbon intensity
particularly of the South South

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African value chain that these
are are significant.

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And and we have already been
working over time because we if

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you take going back to 2004,
we've already cut 11,000,000

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tonnes of CO2 of our of our
operations in South Africa.

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And so with that in mind, we do
believe that we can be confident

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about attaining the the
objectives we've set ourselves

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in the spread of 2030 and
ultimately 2050.

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Confidence, an important word,
broaden it out if you would for

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me, Luca, to the transition in
South Africa more generally.

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Is there confidence that this is
achievable?

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Well, South Africa is not short
of challenges for sure, but

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having worked with a coalition
of 30 companies in South Africa

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to unpack what net 0 pathway
could look like, we have to say

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South Africa is also not short
of capabilities, both people and

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companies and we need to
acknowledge that this is a

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transition.

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So to phase out coal we also
need to scale up alternative

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solutions, the proven ones in
the short term renewables,

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biofuels, some gas as well and
start scaling up progressively

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the early stage green tech like
green hydrogen, PTX, SAF and

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there we see really incredible
potential in South Africa and

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incredible capability.

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We take the example of Sasol
with 70 years of engineering

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capabilities in upgrading
molecules and producing

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synthetic fuels with Fisher
traps.

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So we do believe they are
actually a great potential in

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South Africa to to achieve this.

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Well, yeah, if you would just
talk to me through a few more of

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the projects that are helping
you achieve your climate

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ambitions.

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I think the, the first point
Georgie to to raise in relation

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to our 2030 targets, I mean
we've been focused around

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bringing in renewables.

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We believe that renewables would
contribute about 6, about 6% of

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that 30% equally.

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Energy efficiencies really just
bringing efficiencies in our

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processes including a reduction
in the in the usage of coal will

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add another 12% to getting us to
that 30% and and of course they

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equally will be a focus around
boiler 10 downs bring in another

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another 12%.

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So, so we've got a clear plan
around how we can go about this

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in respect of 2030 doesn't make
it easy, it's it's a challenging

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environment looking into
affordability and all that.

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But we do believe that there are
clear plans that could lead us

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into attaining those those
objectives.

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Luca, can you tell me more about
how companies are financing the

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transition in South Africa?

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George, this is an excellent
question, particularly in the

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context of the Global S Some of
the companies in the Global S

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have much more challenged
balance sheet compared to the

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Global North.

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And so it is with the countries
themselves who cannot put in

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place incentive mechanisms like
we have in the US or the

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European Union.

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So we need mechanisms beyond jet
PS, we need more grants, we need

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carbon credits and we need more
importantly off takes from more

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advanced economies to the global
South in the places where the

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premium can be afforded in early
stages.

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VUO, how is it at Sasol?

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Well in in the spread of Sasol,
firstly our focus is on using

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our own resources in respect of
the the period leading to 20-30

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and that's that calls on us
really getting our current

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foundation business operating
more efficiently to generate the

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capital we require to invest.

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But also, of course, we do need
an appropriate carbon pricing

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regime in South Africa that can
equally enable us to make the

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investments that we intend to
make.