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Press Metal Annual Report 2023

COVER 1
INSIDE THIS REPORT 2-3
SECTION 1 - PRESS METAL AT A GLANCE 4-5
About This Report 4-5
Who We Are 6-7
Our Integrated Value Chain 6-7
Our Key Strengths 8-9
Key Highlights in 2023 10-11
Awards and Accolades 12-13
Associations and Memberships 12-13
SECTION 2 - MESSAGES FROM OUR LEADERS 14-15
Chairman’s Statement 14-15
Management Discussion and Analysis by Group CEO 18-19
SECTION 3 - CHARTING THE PATHWAY TOWARDS EXCELLENCE 24-25
The Market We Operate in 24-25
Engaging with Our Stakeholders 28-29
Material Matters at Our Core 30-31
Managing Our Risks and Opportunities Effectively 32-33
Our Value Creation Model 40-41
SECTION 4 - EFFECTIVE STEWARDSHIP THROUGH GOOD GOVERNANCE 42-43
Corporate Information 42-43
Profile of Our Board of Directors 44-45
Profile of Our Key Senior Management, Key Operating Management and Country Heads 50-51
Corporate Governance Overview Statement 52-53
Director’s Responsibility Statement 76-77
Additional Compliance Information 76-77
Audit Committee Report 78-79
Statement on Risk Management and Internal Control 84-85
SECTION 5 - DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 88-89
About This Sustainability Report 88-89
Overview of Our Sustainability Approach 90-91
Key ESG Highlights 2023 90-91
Message from Group CEO 92-93
Sustainability Aspiration 94-95
Our Approach to Sustainability 96-97
Sustainability Achievements 98-99
Sustainability Targets and Performance 100-101
Upholding Good Governance and Economic Resilience 100-101
Caring for the Planet 122-123
Empowering Our People and Enriching Our Communities 150-151
Independent Limited Assurance Report 188-189
GRI Content Index 192-193
TCFD Content Index 200-201
SASB Content Index 204-205
Bursa Malaysia Three-Year Sustainability Performance Data 204-205
SECTION 6 - FINANCIAL STATEMENTS 208-209
Directors’ Report 208-209
Statements of Financial Position 214-215
Statements of Profit or Loss and Other Comprehensive Income 214-215
Consolidated Statement of Changes in Equity 216-217
Statement of Changes in Equity 218-219
Statements of Cash Flows 218-219
Notes to the Financial Statements 224-225
Statement by Directors 308-309
Statutory Declaration 308-309
Independent Auditors’ Report 308-309
SECTION 7 - ADDITIONAL INFORMATION 312-313
List of Properties 312-313
Analysis of Shareholdings 314-315
Notice of Annual General Meeting 318-319
Statement Accompanying Notice of Annual General Meeting 326-327
Glossary 326-327
Proxy Form 330-331
BACK COVER 334
Untitled 50-51

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