2023 2024 2025 2026 Target EcoVadis – Sustainable Procurement component 70 74 na >=72 na – not available at time of printing SOCIAL - LABOUR PRACTICES & WORK ENVIRONMENT Objective To sustain and develop our human capital to support the Group’s long-term growth and organisational resilience. Approach Megachem recognises that demographic changes, evolving workforce expectations and increase competition for talent present both challenges and opportunities for organisations. The Group therefore adopts a holistic human capital management approach to develop, engage and retain talent while fostering a supportive and inclusive workplace. By addressing workforce needs responsibly and investing in employee development, we aim to strengthen organisational capabilities and support long-term growth. Employment : Employees Well-being/Fair Wages/Talent Management Megachem is committed to providing a supportive and conducive working environment for our employees. As part of this effort, we have introduced initiatives to promote employee well-being, including mental health and wellness programs. To support employees’ health and wellbeing, we promote preventive healthcare initiatives such as health screening programs and wellness activities. Employees are also provided with medical insurance coverage to support their healthcare needs. As a Work Life Achiever Award recipient, Megachem remains committed to promoting work-life balance and creating a supportive workplace where employee are respected partners of the business. We reference external market data to support fair and competitive compensation practices while maintaining internal equity within the organisation. The Group continues to strengthen its talent development initiatives, including structured training programs, career development planning and succession management to support long-term workforce sustainability. Megachem also provides employees with various types of leave, including maternity and paternity leave, career break or sabbatical leave, prolonged sickness leave and dependent care leave. Megachem adopts the best Fair Employment Practices from Tripartite Alliance for Fair Employment practices (TAFEP). TAFEP works with companies, government and unions to adopt and implement fair employment practices. Subsidy for Children’s Education & Support Grant With the commitment towards enriching the well-being of our employees, we provide subsidy to our lower income employees to defray part of their children’s education cost, ranging from nursery up to tertiary education. We have also committed an exclusive scheme called Support Grant for Special Needs Children. This scheme targets to assist employees on their financial abilities to cope with the necessary medical treatment. Training and Education Megachem encourages continuous learning and capability development across the organisation. Our Higher Learning Education program provides financial assistance to eligible employees who choose to further their professional education and training that will enhance their knowledge and skills. Education sponsorships are available for employees who wish to pursue higher education. Megachem was previously recognised under the “People Developer” certification awarded by Enterprise Singapore and continues to adopt its principles in developing and managing human capital. Megachem also welcomes interns and attachment students to embark on an exciting learning journey with challenging assignments and projects. Upon graduation, these interns are encouraged to apply and join the Company as Management Trainees in their first step towards building a promising career. MEGACHEM LIMITED ANNUAL REPORT 2025 99 SUSTAINABILITY REPORT
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