Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 198 199 Integrated Annual Report 2023 TCFD CONTENT INDEX Pillar Recommended Disclosure Reference Governance Describe the board’s oversight of climate-related risks and opportunities Corporate Governance Overview Statement, pages 58-59 Our Approach to Sustainability, pages 94-95 Climate Change, pages 121-130 Risk Management, pages 117-118 Describe the management’s role in assessing and managing climate-related risks and opportunities Our Approach to Sustainability, pages 94-95 Climate Change, pages 121-130 Risk Management, pages 117-118 Strategy Describe the climate-related risks and opportunities the organisation has identified over the short-, medium-, and long-term Climate Change, pages 121-130 Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning Climate Change, pages 121-130 Scenario Analysis, Table Y, pages 198-200 Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 1.8°C or lower scenario Climate Change, pages 121-130 Scenario Analysis, Table Y, pages 199-201 Risk Management Describe the organisation’s processes for identifying and assessing climate-related risks Risk Management, pages 117-118 Describe the organisation’s processes for managing climate-related risk Climate Change, pages 121-130 Risk Management, pages 117-118 Materiality Matrix, page 30 Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organisation’s overall risk management Risk Management, pages 117-118 Metrics and Targets Disclose the metrics used by the organisation to assess climaterelated risks and opportunities in line with its strategy and risk management process Our Approach to Sustainability, pages 94-95 Climate Change, pages 121-130 Waste Management, pages 136-139 Water and Effluents, pages 142-144 Energy Management, pages 131-133 Air Emissions, pages 134-135 Material Stewardship, pages 140-141 Describe Scope 1, Scope 2, and, if appropriate, Scope 3 GHG emissions, and the related risks Climate Change, pages 121-130 Transition Risk TCFD Content Index Pillar Recommended Disclosure (cont’d) Reference (cont’d) Metrics and Targets (cont’d) Describe the targets used to manage climate-related risks and opportunities and performance against targets Corporate Governance Overview Statement, pages 58-59 Our Approach to Sustainability, pages 94-95 Climate Change, pages 121-130 Risk Management, pages 117-118 SCENARIO ANALYSIS: TWO PLAUSIBLE SCENARIOS IN 2050 POLITICAL REGULATION ECONOMICAL GROWTH SOCIAL COLLABORATIVE Enhanced operational resilience through global cooperation, regulatory alignment, and future-proofing standards Sustained economic growth driven by the transition to renewable energy sources Growing attention and pressure from diverse stakeholders regarding climate change issues TECHNOLOGICAL INNOVATION ENVIRONMENTAL CAUTION LEGAL ACTION Advancements in renewable energy R&D alongside efforts to enhance emissions reduction technologies Continuous commitment to adapting to evolving environmental regulations and heightened awareness Implementation of carbon pricing mechanisms and supportive legal frameworks to bolster climate action across sectors POLITICAL REGULATION ECONOMICAL GROWTH SOCIAL COLLABORATIVE Fragmented institutional support hindering the transition to “Net Zero” emissions Rising competition for limited resources exacerbating inequality and impeding renewable growth Lack of proactive measures despite mounting pressure from stakeholders TECHNOLOGICAL INNOVATION ENVIRONMENTAL CAUTION LEGAL ACTION Sluggish advancement towards viable solutions and the uptake of new technologies Heightened physical risks and uncertainties regarding future risks due to inadequate information Increasing CO2e prices alongside sluggish and ambiguous legal frameworks, necessitating enhanced regulatory clarity 1.8°C Scenario 4.3°C Scenario Average increase in global temperature by 2050 Expected to create more: Physical Risk 1.8oC Scenario 4.3oC Scenario
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