Sustainability Report — CO2 Eq MT GHG Scope 1 Emission (Group) 2024 2023 2022 308.29 305.85 294.66 2024 2023 2022 GHG Scope 2 Emission (Group) CO2 Eq MT 264 295 374 2024 2023 2022 (MT CO2 Eq./MT production output) 0.0412 0.0439 0.0479 GHG Scope 1 & 2 Emission/ Production output (Singapore) 2,327.30 1,758.57 2,046.26 2024 2023 2022 Greenhouse Gas Scope 3 Emission (Group) (CO2 Equivalent); metric tons We initiated the assessment of our Scope 3 indirect GHG emissions since 2022 with an initial focus on business travel. Since 2024 we have expanded the assessment to include business travel, upstream transportation and distribution, waste generated in operations and employee commuting. Additionally, considering the updated Intergovernmental Panel on Climate Change(IPCC) report, we are actively working on establishing our Science- Based Targets (SBTi) by collecting data and refine data for scope 3. • Scope 1. consists of emissions from fuel combustion including vehicle fleet, forklifts and steam boilers. • Scope 2. consists of emissions from purchased electricity. • Scope 3. Business travel, upstream transportation and distribution, waste generated in operations and employee commuting. Note : GHG emissions was prepared based on the Greenhouse Gas Protocol. The emission factors used were taken from independent sources such as IPCC 2006 Guidelines for National Greenhouse Gas Inventories, Grid Electricity Emission Factor (GEF) and UNFCCC (ver02.61), ICAO Carbon Emissions Calculator and UK Government GHG Conversion Factors for Company Reporting 2024. Megachem has successfully installed solar panels in our Singapore and Malaysia facility which not only reduces our carbon footprint but shows our dedication towards promoting cleaner and greener environment. 2024 2023 2022 No of drums Recovered Packaging (Singapore) Plastic Drum Steel Drum IBC 0 2000 4000 6000 8000 10000 3483 2488 4181 3777 3622 3823 632 264 MWh Solar Power Generated 2024 2023 2022 Singapore Malaysia 224 171 397 106 169 85 ANNUAL REPORT 2024
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