Press Metal Annual Report 2023

Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 120 121 Integrated Annual Report 2023 Upholding Good Governance and Economic Resilience 2021 2022 2023 Total number of identified leaks, thefts or losses of customer data 0 0 0 Number of substantiated complaints concerning breaches of customer privacy and losses of customer data 0 0 0 In tandem with this, we engaged independent third parties to conduct cybersecurity vulnerability assessments, promptly mitigating any violations and risks identified upon reporting. Our service provider for vulnerability testing updates us on the development within the cybersecurity landscape. Furthermore, we participate in cybersecurity workshops to stay abreast of evolving data privacy regulations. We also continued to ensure our employees are well-informed and vigilant about cyber risks through cybersecurity awareness and training programmes, such as Trusted Information Security Assessment Exchange (“TISAX”). HOW WE PERFORMED IN 2023 In FYE2023, we reported zero (0) instances of data or cybersecurity breaches. Our Vulnerability Assessment and Penetration Testing (“VAPT”) post-assessment was conducted by an independent vulnerability tester, with the generated report thoroughly reviewed and signed off following the completion of remediation actions. GOING FORWARD To ensure effective management of cyber risks and threats, we will remain vigilant in identifying, monitoring and evaluating potential cyberattacks while complying with Malaysia’s PDPA and evolving privacy laws. In conjunction with this, our annual cybersecurity vulnerability assessments and investments in cybersecurity measures, such as encryption and secure data storage solutions, will fortify our protection against cyber threats. Furthermore, we are dedicated to enhancing our employees’ knowledge and awareness of cyber threats and IT safety through regular and ongoing training programmes. We will also continue to diligently monitor and address reports related to breaches of customer privacy or loss of customer data to ensure swift resolution. CARING FOR THE PLANET OUR APPROACH Establishing a Robust Framework for Climate Action In seeking to action a robust and committed response to climate change, we have formulated our Climate Change Strategy, Climate Change Roadmap and Adaptation Action Plans. Our climate policies and procedures guide our approach to GHG management, climate-related disclosures and sustainability guidelines. Moreover, they mandate that we benchmark our practices to identify best practices and areas for improvement, thus shaping the implementation of effective climate action initiatives across the short-, medium- and long-term time horizons towards achieving our GHG emissions reduction targets. The framework augments our existing Carbon Neutral Policy, which outlines our overall approach to address climate change, encompassing: • Transition to renewable energy sources. • Deployment of effective and low-carbon technologies within our production line. • Optimisation of process technologies to improve energy efficiency. • Continuous monitoring of carbon emissions. • Promoting of circular economy practices throughout our value chain. • Funding of climate protection projects to offset unavoidable GHG emissions. Sources: 1 Aluminium Stewardship Initiative (2022). Issue Brief: Low Carbon Aluminium. https://aluminium-stewardship.org/low-carbon aluminium#:~:text=The%20lowest%20carbon%20primary%20aluminium%20currently%20on%20the,the%20 very%20lowest%20achievable%20with%20currently%20available%20technologies. 2 World Bank (2023). Cost-Competitive, Low Carbon Aluminum is Key to the Energy Transition. https://blogs.worldbank.org/energy/cost-competitive-low-carbon-aluminum-key-energy-transition 3 World Economic Forum (2023). Aluminium Demand will Rise 40% by 2030. Here’s How to Make it Sustainable. https://www.weforum.org/agenda/2023/11/aluminium-demand-how-to-make-it-sustainable/ CLIMATE CHANGE GRI 3-3, GRI 302-2, GRI 305-1, GRI 305-2, GRI 305-3, GRI 305-4, GRI 305-5, GRI 418-1 M9 WHY IT MATTERS Climate change is the defining challenge of our era. It has caused irreversible impacts on natural ecosystems and other detrimental environmental effects including rising sea levels, intensified heatwaves and an increasing occurrence of droughts and wildfires. These impacts, in turn, are threatening the livelihood of local communities and the strength of national economies, thus affecting our operating environment. In the context of our industry, the global net zero agenda demands that the aluminium industry to decrease its GHG emissions from over 1 billion tonnes of carbon dioxide equivalent (“CO2e”) to around 50 million tonnes by 20501. The complexity of this task is made even greater by the increased demand for energy transition solutions like wind turbines, batteries and solar photovoltaic technologies2, which are expected to increase global aluminium demand by 40% between now and 20303. As an integrated aluminium corporation and the largest aluminium producer in Southeast Asia, we have a responsibility to take a leadership role in addressing these challenges by introducing less GHG-intensive and more energy-efficient production processes. However, such investments must be weighed against the need to deliver aluminium products that meet the demands of the market. By striking the correct balance between both imperatives, we are safeguarding our competitive strength, thus ensuring the long-term stability and resiliency of our business. UN SDGs Capitals FC MC NC

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