Sustainability Report Approach Megachem ensures that only relevant employees have access to customers and suppliers’ confidential information and that such information are properly stored and secured. In order to protect intellectual property rights of our customers and suppliers, their IP rights are used only to the extent stipulated in non-disclosure agreements with them. Performance Highlights 2022 2023 2024 2025 Target Breach of customers privacy 0 0 0 0 We have not received any complaints relating to breach of customer privacy or loss of customers data. Sustainable Products Objective To include sustainable products in product portfolio. Approach Major chemical producers are increasingly focused on developing products which reduces environmental impact, thereby providing sustainable alternatives to conventional products. As a distributor of chemicals, our goal is to add more of such sustainable products into our product portfolio and introducing them to our customers, hence contributing to the industry’s sustainability objectives. In 2022, we started tracking the quantity of sustainable products added into our product range with mass balance supply chain including RSPO certified palm oil’s derivative products. MegaChem has registered as RSPO member since year 2020 for Thailand and UK. In 2025 we plan to extend the membership to all entities in order to ensure the integrity of the RSPO certified supply chain been maintained in promoting the use of sustainable oil palm and its derivative products. Product Compliance Objective To comply with relevant regulations concerning the sale of our products. Approach In the European Union (“EU”), all imported or manufactured chemical substances above a quantity of one tonne per year are subject to registration under Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulations. Similar registration requirements and regulations exist for other markets. In Canada, the United States, Australia, Korea, China and Turkey, for example, notification is also mandatory for new chemicals on the market. In Megachem, our regulatory compliance team together with our supply chain team ensures that information required from our suppliers to comply with the REACH regulations are accurate and complete and that they are readily available for submission to the regulatory authorities. In order to evaluate the impact of any change of product design, process and raw material(s) to end customer and interest parties, we had initiated a Management of Change team to evaluate the risk, communicate the change and its impact to interested parties through automated notification system. We also adopted the Global Product Strategy (“GPS”) from International Council of Chemical Associations on the evaluation of Chemical Risk Assessment and established a Product Safety Summary as well as Product Safe Handling Guide on high-risk products. Performance Highlights 2022 2023 2024 2025 Target Non-compliance – product regulations 0 0 0 0 There have been no cases of non-compliance with regulations concerning product compliance. Sustainable Procurement Objective To contribute towards achieving a common vision of sustainable procurement within the chemical industry ecosystem. To minimize negative impacts on human health and the environment while supporting a diverse, equitable, and vibrant community and economy. Approach Our Sustainable Procurement Policy is intended to: - communicate the Megachem’s commitment to sustainable purchasing to its employees, vendors and community - complement and support implementation of Megachem’s sustainability goals and policies - provide responsible sourcing and procurement guidance and - empower employees to demonstrate leadership by considering sustainability benefits when making purchasing decisions 89 ANNUAL REPORT 2024
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