Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 106 107 Integrated Annual Report 2023 Upholding Good Governance and Economic Resilience OUR VALUE CREATION We regularly conduct training sessions for all employees, covering company policies, legal requirements and industry-specific regulations. These sessions are designed to equip our workforce with the knowledge and skills necessary for their role and responsibilities in maintaining compliance, cultivating a culture of accountability and integrity throughout the organisation. By proactively identifying and addressing compliance gaps, we are able to mitigate risks, reduce costs and streamline processes. As part of our value creation strategy, we also prioritise transparency and accountability in our compliance efforts through transparent reporting and disclosure practices. HOW WE PERFORMED IN 2023 In FYE2023, we encountered six (6) instances of non-compliance with hazardous waste-handling processes and one (1) oil spillage. Recognising the gravity of these issues and in line with our commitment to environmental sustainability, we have proactively implemented corrective actions and heightened mitigation measures to prevent any future instances of non-compliance. Read more on how we manage and mitigate incidences in the Waste Management section of this SR 2023. Certifying Our Operational Sites Each of our manufacturing facilities has achieved various management system certifications, showcasing our dedication to quality, health and safety as well as environmental management. ISO 9001:2015 Quality Management Systems ✓ PMBtu ✓ PMS ✓ PMAR ✓ PMBA ✓ PMI ✓ PMIT ISO 45001:2018 Occupational Health and Safety Management Systems ✓ PMBtu ✓ PMS ✓ PMAR ✓ PMBA ✓ PMI ✓ PMIT ISO 14001:2015 Environmental Management Systems ✓ PMBtu ✓ PMS ✓ PMAR ✓ PMBA ✓ PMI ✓ PMIT ISO 50001:2018 Energy Management Systems ✓ PMBtu ✓ PMS ✓ PMI IATF 16949:2016 Automotive Quality Management Systems ✓ PMI ✓ PMIT GOING FORWARD Our commitment to regulatory compliance remains steadfast. We recognise that regulatory landscapes are constantly evolving, presenting new challenges and opportunities for businesses. As such, we are dedicated to maintaining proactive vigilance and continual monitoring of regulatory developments across all relevant jurisdictions and industries. By staying abreast of changes, we can anticipate potential impacts on our operations and swiftly implement necessary adjustments to our policies, procedures, and internal controls. Through the integration of compliance considerations into our strategic planning and decision-making processes, we aim to mitigate risks, enhance transparency, and foster long-term trust and confidence among our stakeholders. Upholding Good Governance and Economic Resilience OUR APPROACH Establishing Responsible Sourcing Standard We are committed to ensuring responsible and sustainable practices throughout our value chain, from sourcing raw materials to delivering finished products to customers. Our procurement practices, which reflect our sustainability standards and expectations, are cascaded to our suppliers, contractors, service providers and consultants (collectively referred to as “suppliers”) as we believe that sustainability is a combined effort and shared responsibility. Our Responsible Sourcing Policy outlines our commitments and standards for essential areas when dealing with suppliers, such as business practices, legal compliance, human rights, working conditions and environmental responsibilities. In tandem with this, clear expectations of the standards for all our suppliers in supporting and respecting labour and human rights, including the right to freedom of association and collective bargaining, freedom from forced, compulsory or child labour, fair and equal treatment, reasonable working hours and a safe and healthy work environment, have been set out in the SCoC. The SCoC is available in two (2) languages i.e., English and Chinese, with the English version uploaded at our corporate website: https://www.pressmetal.com/investor-relations/corporate-governance.php. To uphold our responsible sourcing standards and expectations, we prefer engaging business partnerships and suppliers that are committed to continuously improving their manufacturing processes and activities, giving priority to those with robust ESG practices. In addition to the aforementioned efforts, we periodically organise both internal and external training sessions for our procurement teams, with a specific focus on sustainable supply chain management. This keeps them well-informed and aligned with our commitment to promoting responsible and ethical procurement practices. Managing Our Suppliers Holistically We have instituted a Supplier Management Programme to advance the ethical conduct, sustainability and transparency across our supply chain. RESPONSIBLE SOURCING GRI 3-3, GRI 204-1, GRI 308-1, GRI 308-2, GRI 407-1, GRI 408-1, GRI 409-1, GRI 414-1, GRI 414-2 M4 WHY IT MATTERS As the largest integrated aluminium producer in Southeast Asia, we recognise our crucial role in advocating for responsible procurement practices and bolstering a sustainable value chain. This entails making deliberate, ethical choices when sourcing goods and services and partnering with local procurement entities to drive ongoing economic prosperity. By embracing ethical sourcing practices, we contribute to the greater good by promoting fair labour practices, environmental conservation, and community development. Embracing responsible and sustainable supply chain management also opens doors to new opportunities, fosters innovation through supplier collaboration and ensures enduring success in dynamic and conscious markets. UN SDGs Capitals FC SRC Elements of Supplier Management Programme Responsible Sourcing Management Systems Supplier Development Risk Identification and Assessment Risk Management Due Diligence
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