Sustainability Organization
Sustainability Governance Structure
Sustainability at MEGA is led by the Company’s Executive Management and overseen by the Board of Directors through the Sustainability, Risk Management and Corporate Governance Committee.
The Board of Directors has overall responsibility for supervising MEGA’s long-term direction, corporate governance, risk management and sustainable development. The Board considers sustainability as part of business resilience, responsible growth and the Company’s ability to create value for shareholders, employees, customers, suppliers, communities and society.
The Sustainability, Risk Management and Corporate Governance Committee supports the Board in overseeing sustainability practices, risk management processes and corporate governance practices. The Committee reviews sustainability policies, risk frameworks, sustainability reporting scope, corporate governance policies, business ethics, anti-bribery practices, human rights policies and related action plans. It also reports key risks and sustainability matters to the Board on a regular basis or at least once a year.
Sustainability Risk Management and Corporate Governance Committee
Dr. Nithinart Sinthudeacha
- Independent Director
- Vice-Chair of Board of Directors
- Chair of Sustainability
- Risk Management and Corporate Governance Committee
- Member of Nomination Committee
Mr. Vivek Dhawan
- Executive Director
- Chief Executive Officer
- Member of Remuneration Committee and Member of Sustainability
- Risk Management and Corporate Governance Committee
Mr. Thomas Abraham
- Executive Director
- Chief Financial Officer
- Member of Sustainability Risk Management and Corporate Governance Committee
Board Oversight of Sustainability
The Board oversees sustainability by ensuring that MEGA has appropriate policies, governance structures, responsible management teams and monitoring processes in place. Sustainability information is reviewed by management, submitted to the CEO, reviewed by the Sustainability, Risk Management and Corporate Governance Committee and finally submitted to the Board of Directors for approval
Climate change is also included in MEGA’s Board-level sustainability and risk oversight. The Company conducts annual company-wide risk assessments through the heads of business units, identifies necessary countermeasures, implements action plans and evaluates progress. Climate-related risks and opportunities are reported to the Sustainability, Risk Management and Corporate Governance Committee and the Board of Directors at least once a year. The Board of Directors, then, will provide a direction for further implementation.
MEGA considers climate change from both mitigation and adaptation perspectives. This includes physical risks such as floods, rising sea levels and natural disasters, as well as transition risks such as future carbon-related regulations. Climate-related initiatives, including greenhouse gas emissions reduction, renewable energy, energy efficiency and planned capital investments supporting lower-carbon operations, are managed through the environmental management system and reported to the Board as part of MEGA’s sustainability initiatives.
Executive Accountability
Sustainability is one of the key responsibilities of the CEO and Chief Coach and forms part of the CEO’s key performance indicators, which the Board considers when evaluating performance.
The CEO also serves as Head of ESG, linking Board oversight with executive decision-making and practical implementation across the Company.
ESG Dimension Leaders
MEGA’s sustainability organization is supported by senior leaders responsible for each ESG dimension:
Environment Dimension
Led by the Head of Manufacturing Operations, this dimension focuses on climate adaptation and mitigation, energy intensity, clean energy transition, greenhouse gas emissions reduction, water management, groundwater utilization, waste and hazardous materials management, sustainable packaging, biodiversity conservation and efficient use of resources.
Social Dimension
Led by the Chief People Officer, this dimension focuses on people and human wellness, including availability and affordability of medicines, talent attraction and retention, employee health and safety, human rights, personal data protection, diversity, equity and inclusiveness, product stewardship and customer satisfaction.
Economic / Governance Dimension
Led by the Chief Risk and Compliance Officer, this dimension focuses on ethical conduct, anti-corruption and anti-bribery, compliance, intellectual property protection, cyber security, supply chain risk management, risk and crisis management, business continuity management, innovation management and responsible business conduct.
