Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 88 89 Integrated Annual Report 2023 OVERVIEW OF OUR SUSTAINABILITY APPROACH Driven by our vision to providing products for a sustainable future, Press Metal aims to be the BEST by responsibly managing our resources, enriching our local communities and workforce and ensuring strong governance. This approach, which balances ESG aspects across our operations, underscores our dedication to creating lasting value for all stakeholders and advancing the welfare of the people and the planet. In line with our efforts to maximise positive impact across the ESG spectrum, our Sustainability Policy details a holistic, Groupwide approach to sustainability which we strive to integrate into every aspect of our operations. The Sustainability Policy is guided by our commitments across three (3) pillars and is supported by our Environmental Policy and Environmental Mission Statement, which delineate our strategy for tackling climate change and mitigating the environmental impact of our operations. MEASURED THROUGH CRITICAL MONITORING Press Metal sets sustainability targets that go beyond financial metrics and encompass operational, safety, environmental, social, and governance factors. REFLECTED IN ESG-LINKED REMUNERATION Our ESG-Linked Executive Incentive Remuneration Framework (“ESG Remuneration Framework”) aligns the remuneration of selected Senior Management personnel with our sustainability targets. GHG emissions performance Zero (0) workplace fatalities Workplace injuries Water security Participation of women in managerial roles Total women in the workforce Waste diversion rate EFFECTIVE BOARD OVERSIGHT Our Board sets corporate governance standards and policies for the Company while the Group CEO manages executive functions at the Group-level, implementing approved strategies, governance standards, policies and procedures. By instituting transparent policies and ethical principles, we aim to cultivate greater trust, confidence and loyalty amongst our stakeholders. Read more on our corporate governance practices in the Corporate Governance Overview Statement of this IAR 2023. For more information on our Sustainability Policy and our entire suite of policies, visit https://www.pressmetal.com/investor-relations/corporate-governance.php Integrated Risk Management Sustainability Strategy Operations Performance Monitoring Delivered through OUR SUSTAINABILITY ROADMAP OUR VISION OUR MISSION OUR VALUES Governance and Disclosure KEY ESG HIGHLIGHTS 2023 GOVERNANCE SOCIAL 17.8% reduction in Scope 1 and 2 GHG emissions intensity from 2022 13.5 MW total solar sourcing 7.1% reduction in water withdrawal intensity from 2022 3.4% reduction in total water consumption from 2022 93.2% waste diversion rate 4,880 tree saplings planted 30.5% women in managerial roles 17.4% improvement in LTIFR from 2022 46.8 hours of training per employee Benefitting approximately 860,000 direct and indirect beneficiaries 88.1% customer satisfaction score FTSE4GOOD inclusion with 4 star-rating “A” MSCI rating upgraded to 3 ASI Performance Standard Certification 42.3% of procurement spent on local suppliers 0 complaints on data breaches 1 non-compliance incidents pertaining to spillages and leakages 0 whistleblowing instances, including human rights violations ENVIRONMENT 80.2% employee satisfaction rate Environment Social Governance 5,400 MT CO2e/ year avoided from solar usage Approximately 21,700 MT total aluminium scrap purchased Approximately RM50.6 million spent on sustainability initiatives Approximately RM6.3 million in contributions to the community Over Approximately 7,700 volunteer hours by our employee
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