Sustainability Report BOARD STATEMENT Our world is confronted with unprecedented challenges such as climate change, scarcity of natural resources, poverty, human health and safety issues. Fuelled by these challenges, Sustainability has become an even more pressing issue. At Megachem, we recognise this and view Sustainability as a shared responsibility towards improving not only our business but also our society and the quality of lives for everyone. As a company, we do not exist in a vacuum. We are part of the economic, environmental and social ecosystem. We will therefore work closely with all our stakeholders to contribute towards a global effort to meet these challenges and integrate Sustainability into our business models. Sustainability Highlights Environment/Health/Safety • Tapping on solar as a source of renewable energy, the solar panels installed in our plant in Singapore and Malaysia have resulted in energy savings as well as promote cleaner and greener environment. • In recognition of our efforts in meeting international environment, health and safety standards, the Singapore Chemical Industry Council accorded us, under the Responsible Care program, Gold award in the category of Product Stewardship in 2024. • In a Sustainability assessment in Mar 2024 conducted by independent rating firm, EcoVadis, Megachem attained a score of 70 out of 100, putting us in the Top 15% of the companies in our industry assessed by them. • Under Singapore’s Green Nation Pledge program, we pledged to adopt environmental-friendly best practices to make our country a greener place. It marks our commitment in joining our nation to build a better and greener future. Together, we shall strive to make a lasting, positive difference in people’s lives and build a sustainable world for the present and future generations. 66 ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy NTkwNzg=