A knock sensor is a newish device fitted to usually more expensive, faster cars, that monitors how the engine is compressing and igniting the fuel being fed to it. If there is slight misfire or pinking (unburnt fuel going by the pistons, causing them to make a rattling noise, which can eventually damage the engine, it can insturct the ECU (I think?) to alter the timing of the engine. This fully realises the benefits of a higher octane fuel.
Thing is, ordinary unleaded has a lowish octane rating, comparatively, so it does sometimes cause a little bit of pinking in all cars, especially on hot days. The way to solve that though is, imo, not to change fuel but sort out the ignition timing.
I don't know but would doubt the new 1.4 Sporting unit has a knock sensor. If anything would it would be the HGT but I don't think that woudl either.