On 12 October, the company rejected a non-binding resolution from Just Share and Aeon Investment Management, which sought disclosure about “significant climate lobbying activities not addressed adequately, or at all” in Sasol’s 2021 Climate Change Report 2021. Sasol has refused to table a series of climate-change motions from investors over the past five years.
“Sasol’s refusals are not grounded in a consistent application of the law, nor in sound principles of corporate governance,” says Robyn Hugo, director of climate change engagement at Just Share. The company reached its decision “unilaterally, preventing its shareholders from giving their own view on whether these matters have been adequately addressed,” he adds. Sasol “appears to have set out, in every instance, to find reasons to prevent its shareholders from having an opportunity to vote on any resolutions other than those
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