- In an effort to realise its ambition towards meeting the Paris Agreement goals, Sasol is placing a request to the market to collaborate with experienced carbon offset project developers.
- The aim to determine the ability of the South African market and South African Development Community (SADC) to generate and make available carbon credits.
Through its strategic choices and updated strategy termed Future Sasol, the JSE listed petrochemicals company giant aims to ensue that its model remains sustainable in the long-term and in a carbon-constrained future. In order to achieve this, more partnerships across our value chain are needed.
Carbon offsets and carbon markets are recognised under Article 6 of the Paris Agreement as a critical tool to reach climate ambitions when pursued once every effort has been made to first avoid and reduce direct emissions. These projects are beneficial not only from a greenhouse gas reduction perspective, but also from a socio-economic one as they bring multiple sustainability co-benefits to the communities and areas in which they are located.
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To progress our climate change ambitions, Sasol is inviting interested parties to participate in a Request for Information (RFI) for the development and implementation of carbon offset projects based in the South African and SADC regions.
Sasol wants to identify partners that are involved in carbon offset projects at any stage of the development process in the specified regions. Projects must focus on generating emission reductions in sectors that would otherwise not have been incentivised to do so; for example, in domestic energy efficiency, waste and Agriculture, Forestry and Other Land Use (AFOLU) sectors.
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The closing date for parties to express their interest in writing using carbon.offsetsprojects@sasol.com is Friday, 13 November 2020. The RFI will then be published on Sasol’s Ariba platform the following week.
Author: Bryan Groenendaal
