South African global chemicals and energy company, Sasol Limited, has entered into a three-year agreement with Vertree Partners Limited to advance its environmental markets strategy.
- Access to carbon credits and climate investments: The partnership with Vertree, an international carbon solutions provider, will provide Sasol with access to high-quality carbon credits and climate investments to support its decarbonization goals.
- Pathways for decarbonization: Vertree will assist Sasol in developing robust pathways for decarbonization, managing associated risks, and making high-quality, high-impact investments in carbon reductions and removals.
- Enabling net-zero ambition: Sasol is committed to transforming its business towards achieving an absolute scope 1, 2, and 3 (Category 11) net-zero ambition by 2050. The collaboration with Vertree will contribute to Sasol’s efforts in this regard.
- Social and environmental value: Sasol recognizes that investment in nature and technology-based solutions can address hard-to-abate emissions while delivering important environmental and social benefits.
- Supplementing emission reduction activities: The carbon credits obtained through the partnership will be used to supplement Sasol’s existing emission reduction activities rather than replacing them.
- Long-term sustainability goals: With an interim target of 30% emissions reduction on absolute scope 1 and 2 emissions by 2030, Sasol aims to reduce its absolute scope 3 (Category 11) emissions by 20% over the same period. The collaboration with Vertree will contribute to achieving these sustainability goals.