Press Metal Annual Report 2023

Delivering Sustainable Value For Our Stakeholders 87 Integrated Annual Report 2023 We are pleased to present the eighth annual Sustainability Report (“SR 2023”) of Press Metal Aluminium Holdings Berhad (“PMAH” or the “Company”) and its subsidiaries (collectively referred to as “Press Metal” or the “Group”). This SR 2023 conveys our commitment to sustainability as well as our accomplishments for the reporting period from 1 January 2023 to 31 December 2023 (“FYE2023”), unless otherwise stated. For a broader understanding of Press Metal’s operations and performance, kindly read this SR 2023 in conjunction with other relevant information contained within this Integrated Annual Report (e.g., Chairman’s Statement, Management Discussion and Analysis by Group CEO, Corporate Governance Overview Statement, Corporate Governance Report, Audit Committee Report and Statement on Risk Management and Internal Control). ABOUT THIS SUSTAINABILITY REPORT SCOPE AND BOUNDARY This SR 2023 discloses the sustainability journey and performance of our midstream (smelting and casting) and downstream (extrusion) manufacturing facilities in Malaysia and China that we have direct operational control over, as well as our corporate headquarters in Selangor, Malaysia, for selected performance indicators (i.e., anti-bribery and anti-corruption, training and employee new hires and employee turnover, parental leave, workforce diversity and corporate social responsibilities (“CSR”) matters). Accordingly, this SR 2023 excludes joint investments (i.e., upstream entities1). FRAMEWORKS, STANDARDS AND GUIDES This SR 2023 has been prepared in accordance with Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) Main Market Listing Requirements (“MMLR”) relating to the enhanced sustainability reporting framework, and supplemented with an array of frameworks, standards and guides based on their relevance and applicability, including: • MMLR of Bursa Malaysia •Bursa Malaysia Securities Berhad (“Bursa Malaysia”) Sustainability Reporting Guide (3rd edition) • Global Reporting Initiative (“GRI”) Universal Standards 2021 • United Nations’ Sustainable Development Goals (“UN SDGs”) • FTSE4Good Bursa Malaysia Index’s Environmental, Social and Governance (“ESG”) Indicators •Task Force on Climate-related Financial Disclosures (“TCFD”) • United Nations Global Compact’s (“UNGC”) Ten Principles •Sustainability Accounting Standards Board (“SASB”) Sector-Specific Disclosures •Aluminium Stewardship Initiative (“ASI”) Performance Standard Version 3 (“ASI PS v3”) • Press Metal Bintulu Sdn Bhd (“PMBtu”), Malaysia • Press Metal Sarawak Sdn Bhd (“PMS”), Malaysia • Press Metal Aluminium Rods Sdn Bhd (“PMAR”), Malaysia MIDSTREAM • PMB Aluminium Sdn Bhd (“PMBA”), Malaysia • Press Metal International Limited (“PMI”), China • Press Metal International Technology Ltd (“PMIT”), China DOWNSTREAM 1 Our upstream entities include Worsley Alumina Unincorporated Joint Venture, PT Bintan Alumina Indonesia, and Shandong Sunstone & PMB Carbon Ltd., Co. ASSURANCE To uphold the consistent accuracy and reliability of our report, we have enlisted an independent third party, Grant Thornton Malaysia PLT, to provide external assurance (details at pages 187-190) on our SR 2023. This limited assurance specifically pertains to selected sustainability performance data and data collection processes related to environmental management and occupational health and safety, which includes the following five (5) indicators: 1. Greenhouse Gas (“GHG”) emissions (Scope 1 and 2) 2. GHG emissions intensity (Scope 1 and 2) 3. Total energy consumption 4. Number of work-related fatalities 5. Lost-Time Injury Frequency Rate (“LTIFR”) In addition, in FYE2023, Press Metal also undertook a thorough internal reviews to enhance the data collection methodologies by identifying any reporting gaps and inconsistencies, and ensure that the information and data reported is reliable and credible. FEEDBACK We aim to continuously improve our sustainability and reporting efforts and welcome any feedback related to the contents of this SR 2023. You may email your feedback, enquiries or comments to corpcomm@pressmetal.com. SECTION 5 DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 87 88 89 90 92 94 96 98 99 About This Sustainability Report Overview of Our Sustainability Approach Key ESG Highlights 2023 Message from Group CEO Sustainability Aspiration Our Approach to Sustainabilit Sustainability Achievements Sustainability Targets and Performance Upholding Good Governance and Economic Resilience 121 Caring for the Planet 148 Empowering Our People and Enriching Our Communities 187 Independent Limited Assurance Report 191 GRI Content Index 198 TCFD Content Index 202 SASB Content Index 203 Bursa Malaysia Three-Year Sustainability Performance Data

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