Press Metal Annual Report 2023

Delivering Sustainable Value For Our Stakeholders Delivering Sustainable Value For Our Stakeholders Press Metal Aluminium Holdings Berhad 90 91 Integrated Annual Report 2023 MESSAGE FROM GROUP CEO DEAR ESTEEMED STAKEHOLDERS, We continued to make meaningful progress in our sustainability journey throughout FYE2023, aligning our actions with the heightened expectations of our valued customers, shareholders and stakeholders. As the leading integrated aluminium producer in Southeast Asia, we recognise and embrace our responsibility to pioneer sustainable practices within the aluminium sector and future-proof the resilience of the industry. Through consistent refinement of our strategies, processes and practices, we are steadily improving our performance across the ESG spectrum, ensuring that we maintain the right balance between delivering shareholder returns and driving responsible growth. More than this, we are inculcating a Group-wide culture of sustainability, strategically allocating resources to integrate our business objectives with sustainable development goals and foster collective action across our organisation. Our efforts have yielded notable sustainability milestones, underscoring our progress towards long-term objectives. However, we recognise that our journey is ongoing, and the imperative to sustain momentum remains paramount. In this eighth edition of our annual Sustainability Report (“SR”), covering FYE2023, we are pleased to highlight the various strategies implemented and initiatives we have undertaken to address pertinent challenges within our organisation, society and the environment, driven by our steadfast commitment to creating enduring value for all stakeholders. DRIVING ENVIRONMENTAL EXCELLENCE Cognisant of escalating concerns and expectations surrounding corporate environmental responsibility and climate change action, we remain committed to reducing our environmental footprint through every feasible means available. Our wide-ranging initiatives encompass the optimising of manufacturing processes, the advancement of energy efficiency, the reduction of GHG emissions, the preservation of water resources and advocacy for circular economy principles. Collectively, these efforts have culminated in a notable decrease in our Scope 1 and 2 GHG emissions intensity, which fell by 17.8% compared to FYE2022, alongside significant improvement in our recycling endeavours, with 93.2% of all waste diverted from landfills during the year under review. To ensure the credibility of our achievements and bolster transparency and accountability, we have obtained external assurance for our energy and GHG performance, aligning with the ISAE 3000 and ISAE 3410 standards, respectively. Our environmental accomplishments have not gone unnoticed. We were honoured to receive two (2) prestigious gold awards during The Edge ESG Awards 2023, while our subsidiaries were recognised for their sustainable manufacturing processes, with PMI securing the ASI Performance Standard V2 (2017) certificate, and PMBtu and PMS attaining the ASI Performance Standard V3 (2022) certification. CREATING AN ENABLING WORK ENVIRONMENT We deeply acknowledge the pivotal role played by our dedicated employees in propelling our business and sustainability objectives forward. Thus, great emphasis is placed on developing a nurturing and supportive work environment. Rooted in principles of respect and inclusivity, we actively foster a workplace ethos that celebrates diversity, upholds freedom of expression and champions female empowerment at all levels. These expectations and commitments were made clear within established policies such as our Human Rights Policy, Diversity Policy and Code of Conduct (“CoC”). In the year under review, we are proud to have achieved a notable uptick of 3.8% point in female participation in managerial roles, with women now comprising 30.5% of our workforce. We have simultaneously amplified our focus on safety, demonstrated through ongoing initiatives to improve our LTIFR and work-related fatality data performance. These efforts are subjected to rigorous assurance based on ISAE 3000 standards, ensuring our alignment with top safety guidelines. Message from Group CEO ALIGNING WITH BEST PRACTICES IN GOVERNANCE In our pursuit of upholding industry-leading standards, we have taken decisive steps to align our management and governance practices with top global benchmarks. Our ERM framework adheres to ISO 31000:2018 risk management guidelines, enabling us to effectively identify ESG risks and opportunities and seamlessly integrate them into our strategies and processes. Likewise, our reporting practices adhere to global regulatory requirements and internationally recognised frameworks and standards, as described in the About This Report section of this SR 2023. MOVING FORWARD As we stand on the threshold of a transformative industry landscape, we remain dedicated to proactively monitoring and benchmarking our ESG performance. Through agility, adaptability and innovation, we are poised to effectively navigate regulatory and technological shifts, ensuring the resilience of our operations. With our global presence expanding, the significance of our sustainability efforts is transcending mere compliance. Leveraging our size and scale, our advocacy for sustainability sets an exemplary standard for the aluminium sector, safeguarding its stability and longevity. In closing, I extend my sincere gratitude to the entire Press Metal team for their steadfast dedication and relentless commitment in advancing our sustainability agenda throughout FYE2023. Your efforts have been instrumental in propelling the Group towards a more sustainable future. I would also like to thank our esteemed stakeholders for their continuous support and collaboration. Let us continue working in tandem to seize the opportunities before us and turn our vision for a sustainable future into reality. TAN SRI DATO’ KOON POH KEONG Group CEO

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