Press Metal Annual Report 2023

Charting the Pathway Towards Excellence Charting the Pathway Towards Excellence Press Metal Aluminium Holdings Berhad 28 29 Integrated Annual Report 2023 Engaging with Our Stakeholders Why They Matter Engagement Channel Area of Interest Our Response Suppliers/ Contractors/ Service Providers/ Consultants Our suppliers, contractors, service providers and consultants are important as they provide us with essential resources such as raw materials, technologies and specialised expertise, enabling us to meet evolving business needs and drive continuous growth. • Annual performance evaluations • Periodic meetings • Stance on unethical behaviour such as bribery or fraud • Product quality • Ability to meet customer expectations • Compliance with laws and regulations • Health and safety at workplace • Efficient aluminium manufacturing • Supplier capacity building programmes • Established policies and procedures to uphold good governance practices across the organisation • Managed OHS risks responsibly and obtained ISO 45001:2018 certifications • Managed our environmental impacts responsibly and obtained ISO 14001:2015 certifications • Established a robust employee management system that includes our Human Rights Policy and grievance mechanisms for employees to raise concerns • Conducted supplier ESG assessments to promote responsible practices across our supply chain Capital Providers (Financiers, Shareholders, Investors) The trust and confidence of our capital providers are essential to ensure continued access to funding at competitive rates and terms. Our engagements with them also enable us to identify opportunities, risks and emerging trends in financial markets, driving the creation of effective, long-term strategic plans. • Our Annual General Meeting • Quarterly and annual reports • Our corporate website • Media releases and announcements • Stance on unethical behaviour such as bribery or fraud • Sustainable financial performance and return on investment • Compliance with laws and regulations • Upholding of human rights • Effective risk management strategies • Established policies and procedures to uphold good governance practices across the organisation • Strategically managed our assets to optimise financial returns • Maintained a comprehensive suite of legal registers • Established a robust employee management system that includes our Human Rights Policy and grievance mechanisms for employees to raise concerns • Established ERM Framework, which is aligned with ISO 31000:2018 Risk Management – Guidelines Key Senior Management Our Key Senior Management are pivotal in implementing strategies to achieve our goals, making it vital to providing them with appropriate resources, support and guidance. • Quarterly Board meetings • Executive Committee meetings • Group strategies • Business development strategies • Partnerships and collaborations • Robust corporate governance practices • Performance of manufacturing facilities • Contributions to local communities and society • Human capital management • Effective climate change and environmental management • Quality of products and services • Provided Key Senior Management with the required support and resources to execute their responsibilities in a manner that enables business growth and advances our sustainability agenda • Established ESG Remuneration Framework to incentivise relevant Key Senior Management personnel to drive improvements to our sustainability performance • Adopted Remuneration Policy to guide the compensation of Directors and Key Senior Management • Ensured our manufacturing entities are certified with relevant ISO management systems • Aligned our ERM Framework with ISO 31000:2018 Risk Management – Guidelines • Undertook succession planning MATERIAL MATTERS AT OUR CORE Understanding the evolving business environment is important for Press Metal to capitalise on existing and emerging opportunities as well as strategising plans to avoid or minimise potential or underlying risks that may affect the ability to generate value over time. Materiality assessment, which serves as a tool for the identification and prioritisation of sustainability matters, provides insights into matters that are important to the Group and our stakeholders. The outcome of which, underpins the basis for the development of Press Metal’s overall strategy, effectively addresses matters in a meaningful and objective manner. In FYE2022, we conducted a comprehensive materiality assessment through which 18 material matters were identified. To ensure their continued relevance, we undertook a thorough review of our Materiality Matrix during FYE2023, assessing the relevance of each existing material matter with reference to the current business landscape and the expectations of our stakeholders. The review was performed in line with the methodologies outlined by Bursa Malaysia’s Sustainability Toolkit: Materiality Assessment (3rd Edition), the GRI Standards, as well as guidance from the Materiality Guiding Principle of the <IR> Framework. STEP 1: REVIEW EXISTING MATERIAL MATTERS We assessed the relevance of our existing 18 material matters by: • Identifying key risks and opportunities • Considering stakeholders’ issues and concerns • Considering matters raised during the Company’s 7th Annual General Meeting • Reviewing sustainability reporting standards and guidelines (e.g., GRI Standards, Bursa Malaysia’s Sustainability Reporting Guide) • Considering global and local sustainability trends in the aluminium sector (spanning economic, environmental, social and governance issues) • Undertaking benchmarking against our industry peers STEP 2: ASSESS IMPORTANCE TO BUSINESS AND STAKEHOLDERS To gain greater insight into the perspectives and priorities of our stakeholders, we revisited the responses to the engagement survey we distributed in FYE2022 and confirmed that the feedback received from both internal and external stakeholders on the importance of each material matter remained relevant. Concurrently, we revisited the sustainability impact assessment ratings and reassessed each material matter based on the severity of its impact and likelihood of occurrence. Through these steps, we reviewed the importance of each material matter to our business and our stakeholders. This enabled us to develop our Materiality Matrix for FYE2023, which rates each matter on a three (3) level scale: high, medium and low. STEP 3: REVIEW AND VALIDATION The final Materiality Matrix was then shared with the Sustainability Committee and Risk Management Committee for review and validation before being presented to the Board for final approval.

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