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[Thread] @SasolSA says we filed our resolution too late. Not according to the law: JSE Listings Requirements say 15 business days before AGM. We filed 24 days prior. BUT also, in 2018, when we gave them 6 months, they still refused to table the resolution. https://tinyurl.com/y4mu4so8
Sasol now says it will table non-binding advisory vote on its climate strategy in 2021. Three big problems: 1. In terms of what law? 2. Sasol gets to decide wording. 3. If shareholders reject strategy, all Sasol will do is engage more
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1. The only reference to non-binding advisory votes in SA company regulation is in JSE Listings Requirements, and only in relation to remuneration. There is no legal basis for companies to simply table non-binding votes on whatever they wish to. @JSE_Group - clarity please? #ESG
2. The whole point of shareholder-proposed resolutions is that shareholders can propose wording which is meaningful TO THEM. The company deciding on how to frame the request can easily distort the outcome. #ParisAgreement
3. Sasol engages constantly with its stakeholders. This is good. But it is not enough. Using the results of a non-binding vote to launch further consultation is just wasting precious time that we don't have. #ClimateAction 
