Upholding Good Governance and Economic Resilience Press Metal Aluminium Holdings Berhad SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 110 WHY IT MATTERS ? OUR APPROACH Press Metal embraces governance frameworks, including the MCCG 2021, Bursa Malaysia’s Sustainability Reporting Guide 2022 (3rd Edition) and IFRS S1 and S2 Standards (IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures). These standards set the foundation of our robust governance framework, enabling us to address risks including climate-related risks and opportunities, reinforcing our commitment towards sustainable governance. Within the Group, each entity is supported by adequate legal resources (internal/ external), tasked with overseeing compliance with legal obligations. These legal departments are responsible for monitoring legal requirements, maintaining up-to-date legal registers, and disseminating relevant legal updates through memos and/ or electronic platforms. Any legal updates will be incorporated into entity-specific policies and/ or operational procedures to ensure compliance. COMPLIANCE REPORTING AND DISCLOSURE GRI 3-3, GRI 2-27 Capitals SDGs M3 N SR H Ensuring compliance with applicable laws and regulations stands pivotal to Press Metal’s commitment to upholding the integrity of our operations and embedding responsible business practices. Adhering to both local and international regulatory frameworks, we safeguard our esteemed reputation by mitigating legal risks and avoid financial penalties. This disciplined approach fortifies our operational foundation and fosters a secure business environment. Our compliance management enables us to identify and address potential risks. Aside from risk mitigation, it fosters trust among stakeholders — encompassing customers, investors, employees, and regulators. In integrating compliance into our corporate culture and decision-making processes, we ensure that our business activities are legally sound and conducive to long-term success. Establishing Compliance Management We adhere to the local and international laws and regulations that govern our business operations. Key laws and regulations that we comply with in our areas of operation include, but are not limited to: • Capital Markets and Services Act 2007 • Companies Act 2016 • Employment Act 1955 • Environmental Quality Act 1974 • Bursa Malaysia’s MMLR • Occupational Safety and Health (Amendment) Act 2022 Malaysia • Civil Code of the People’s Republic of China • Environmental Protection Law of the People’s Republic of China • Labour Law of the People’s Republic of China • Law of the People’s Republic of China on Work Safety China
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