Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 132 133 Integrated Annual Report 2023 Adopting an Efficient Energy Management System Our Energy Management System (“EnMS”) was developed in FYE2023 to streamline and enhance overall energy efficiency, providing a structured approach to energy consumption. It includes ISO-compliant employee training on energy conservation, which aims to enhance employee skill sets for high-quality job performance while promoting responsible energy consumption throughout our operations. Our smelting operations, PMBtu and PMS, obtained the ISO 50001:2018 Energy Management Systems certifications in FYE2023, joining PMI, which was accredited with the certification in FYE2019. In addition to monitoring energy consumption, PMBtu, PMS and our entities in China have a dedicated working group to oversee the energy-saving solutions for machinery and promote an energy-conservative culture. Monthly meetings were held to discuss technical modifications to machines, evaluate potential energy saving investments and propose improvement plans for areas with high energy consumption. Enhancing Our Clean Energy Consumption In 2023, we have installed photovoltaic systems at our casting and extrusion facilities, sourcing approximately 12.2 megawatts (“MW”) of solar power annually through the solar farms and rooftop solar systems we have installed. To further increase our clean energy consumption, our operation in China spent approximately RM2.6 million to construct photovoltaic systems on the rooftops of their plant and car park, with a generation capacity of 1.3 MW annually. This will result in a reduction of 723 tCO2e in GHG emissions. Installation of Twin Chamber Furnaces In FYE2023, our extrusion facility, PMBA installed twin chamber melting furnaces to enhance its remelting capacity and reduce energy consumption. These furnaces offer a distinct advantage by minimising heat energy wastage, accomplished by enabling flexibility in the selection of the size of the furnace opening during charging without compromising on melting capacity, thereby resulting in significantly lower energy consumption. Transitioning to Electric Transportation To date, our manufacturing facilities have switched a total of 27 diesel forklifts to electric forklifts, thus reducing their dependence on conventional fuel-type handling equipment. In FYE2023, PMI has also invested approximately RM196,000 to replace two (2) petrol cars with electric cars. Installation of Smart Meters We have strategically installed smart meters across high electricity-consuming equipment, allowing for effective performance monitoring and proactive energy management. In particular, our China entities have upgraded their conventional natural gas and electricity meters to smart meters with remote consumption monitoring capabilities, driving more efficient operations and improved energy management. Improving Our Anodising Process We have initiated an improvement project that modified the oxidised conductive copper seat circulating overflow water of the anodising process. The objective was to reduce both water and energy consumption, encompassing electricity and natural gas usage. HOW WE PERFORMED IN 2023 In FYE2023, our manufacturing operations consumed 55.6 million gigajoules (“GJ”) of energy, representing a 0.3% increase from FYE2022. Our energy intensity has reduced slightly, by 0.1%. All energy data presented below has been independently assured in line with the ISAE 3000. Caring for the Planet Caring for the Planet Renewable Energy Performance (GJ) and Avoided GHG Emissions (tCO2e) Renewable Energy Performance 13,074.3 13,666.9 16,431.9 Total Solar Energy Generated (GJ)* Total Solar Energy Utilised (GJ)** 36,092.0 33,786.3 34,460.6 Total Solar Energy Sold to the Grid (GJ)** 1,273.6 1,306.2 1,134.0 Avoidance of Scope 2 GHG emissions (tCO2e) 5,824.9 5,344.8 5,430.7 Notes: 1. Total Solar Energy Sold to the Grid comprised data from our manufacturing facilities (PMI and PMAR) starting from FYE 2022. 2. Total Solar Energy Utilisation comprised aggregated data from our manufacturing facilities (PMI and PMAR). * Value for Total Solar Energy Generated has been restated for FYE2022 and FYE2021 to exclude solar generation that is not owned by the Group. ** Values for Total Solar Energy Utilised and Total Solar Energy Sold differed from SR 2022 as an enhanced disclosure methodology was adopted for this reporting period. 2021 2022 2023 GOING FORWARD At a time of great urgency surrounding climate change, we will continue to explore and implement effective energy management practices while incorporating renewable energy to reduce our dependence on fossil fuels. These purposeful actions will not only enable us to reduce overall energy consumption and intensity but also achieve greater cost optimisation, thus driving enhanced competitiveness. Energy Intensity (GJ/ tonne of Aluminium) 42.6 2021 2022 2023 Energy Intensity 43.3 43.2 Notes: 1. Aggregated data from our midstream (PMBtu, PMS, PMAR) and downstream (PMBA, PMI, PMIT) facilities. 2. Data disclosed differed from SR 2022 as enhanced disclosure methodology has been adopted for this reporting period. Total Energy Consumption (%) Note: Aggregated data from our midstream (PMBtu, PMS, PMAR) and downstream (PMBA, PMI, PMIT) facilities. Total Energy Consumption (Million GJ) for 55.6 2022: 55.4 2021: 48.4 Total Energy Consumption Diesel 0.6 0.6 0.7 Natural Gas 1.8 1.9 2.3 Acetylene 0.0 0.0 0.0 Electricity 97.4 97.4 97.0 Solar Energy 0.1 0.1 0.1 2021 2022 2023 LPG 0.0 0.0 0.0 Petrol 0.0 0.0 0.0 2023:
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