External Charters, Principles, Certification Megachem is committed to conduct our business in a responsible and sustainable manner. We have therefore aligned our operations and business practices with industry/market accepted principles and standards such as: • Responsible Care® - a global environmental, health and safety (EHS) performance initiative for the chemical industry, • Integrated Management System (ISO9001, ISO45001, ISO14001 and ISO22301), a system that integrates all of an organisation’s policies, processes and procedures into one complete framework, enabling an organisation to work as a single unit with unified objectives, • EcoVadis Sustainability Assessment System – an assessment system used widely in the chemical industry and assesses companies in the areas such as environment protection, labour practices, fair business practices and sustainable procurement, • Roundtable on Sustainable Palm Oil (RSPO) - bringing together stakeholders across the supply chain to develop and implement global standards for producing and sourcing certified sustainable palm oil. Member of Industry Associations We are a member of Singapore Chemicals Industry Council and collaborate with them to continually improve EHS performance in the chemical industry. Awards & Achievements 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 Bronze award recipient of the EcoVadis Sustainability Ratings May 2025. In the Sustainability Assessment Report May 2025, we attained a score of 68 out of 100 and was placed among the Top 35% 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 IDENTIFY EVALUATE VALIDATE 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. MEGACHEM LIMITED ANNUAL REPORT 2025 80 SUSTAINABILITY REPORT
RkJQdWJsaXNoZXIy NTM2MDQ5