regulatory framework. National action plans are in place internationally for business and human rights or such plans are being prepared. The aim is to implement the UN Guiding Principles on Business and Human Rights supported by the United Nations.”263 Sasol Ltd. Statements on Climate Change “We focused on improving our disclosure of sustainable and resilient business practices by aligning our reports with the United Nations Sustainable Development Goals (SDGs). We continued to acknowledge the need for reductions in global GHG emissions to avoid the severe impacts of climate change. Coupled with increased demand for secure, affordable energy, this creates significant challenges which are best met when companies, governments and society work together. We are moving towards lower-carbon energy alternatives, building on our gas successes in Southern Africa by leveraging off our expertise to find gas, build the downstream gas economy, secure a cleaner feedstock to grow our integrated value chain, enhance regional energy security and diversify the energy mix. To inform decision-making, we take a short-, medium- and long-term view of our risks and opportunities, with the use of scenario analysis. Across our portfolio, we assess the impact of shifts in demand, changes in productivity, water availability, extreme weather events and advances in technology. Commodity price forecasts, including carbon, reflect our best view of price ranges given uncertainties in our world.”264 “It is recognised that Sasol’s climate change management can benefit from optimised assurance to stakeholders. We therefore supported the objective of the proposed resolution and confirmed our intent to update our existing climate change booklet into a more comprehensive report, by and large aligned with the outcomes of the proposed resolution.”265 “Sasol is dedicated to minimising the environmental impact of its operations globally, while delivering greater social value. Our key focused efforts include management of climate change related risks and air quality compliance for our South African operations. We continue to engage with the authorities regarding proposed changes to environmental regulatory frameworks and participate in the associated public participation processes”266 “Taking action to reduce our emissions and increase the resilience of our operations. Our value-based growth strategy has been developed by leveraging our core strengths, in response to climate change as one of the global mega trends. Scenario analysis continues to inform our long-term strategy. We pursue options for further Id. Sasol Ltd. (2018), Value Through Focus and Discipline: Annual Integrated Report, p. 23, available at http://www.integratedreport.sasol.com/pdf/full-ir-lowres.pdf (last accessed on 12 September 2019). 265 Id., p. 34. 266 Id., p. 48. 263 264 Annex D: Corporate Statements on Climate Change and Human Rights | 70