Sustainability Report Megachem has always regarded sustainability as one of our priorities in creating sustainable long-term value for our stakeholders. Since 2018, Megachem has partnered with EcoVadis to rate our sustainability performance. EcoVadis provides solution for monitoring sustainability in global supply chains and help companies adopt sustainable practices. Megachem is proud to be a Silver award recipient of the EcoVadis Sustainability Ratings Mar 2024. In the Sustainability Assessment Report Mar 2024, we attained a score of 70 out of 100 and was placed among the Top 15% of the companies in the category of industry that were assessed by them. This accolade is a testimony of the importance we place Sustainability in our overall strategy and a recognition of our Sustainability achievements. MATERIALITY ASSESSMENT Process for defining report boundaries and content The assessment of our material aspects is conducted in accordance with guidelines and framework established by GRI. Our Sustainability Committee identified the material aspects based on feedback garnered from our stakeholders and internal reviews. The material aspects are evaluated against 2 criteria: importance to stakeholders and importance to Megachem (in terms of the significance of its impact on economic, environment, social and governance). These are then validated by the Executive Committee headed by our Managing Director and approved by our Board of directors. Our Material Aspects Identify Evaluate Validate Workplace Health & Safety Customer Health & Safety Economic Performance Product Compliance Sustainable Procurement Governance Greenhouse Gas Emission Environmental Compliance Effluent & Waste Management Energy Efficiency Employment Water Conservation Diversity and Equal Opportunity Local Community Training and Education Importance to Stakeholders Materiality Matrix Importance to Megachem 73 ANNUAL REPORT 2024
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