Despite its financial struggles, Sasol is committed to reducing its environmental footprint. It's the second-largest emitter of greenhouse gases in South Africa, mainly from coal. By 2030, the company aims to cut emissions by 30%, reducing coal use by 40 million tons annually, replacing it with natural gas, and adding renewable energy.
Sasol's 2050 goal is to reach net zero emissions. This includes exploring investments in green hydrogen, a costly but clean technology. Despite challenges, Sasol is assessing its viability alongside other renewable projects. This positions the company as a future leader in sustainable energy.
Sasol's recent financial downturn and strategic pivot under Simon Baloyi mark a critical time. The company is aiming for financial recovery while focusing on sustainable growth and innovation in the energy sector.
