Upholding Good Governance and Economic Resilience Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 111 OUR VALUE CREATION Complementing these efforts, we sustain employee awareness through regular training programmes, fostering a culture of informed and proactive adherence to compliance standards. Focusing on continuous learning and improvement help us minimise the risk of recurrence and maintain the highest compliance standards. In addition, site inspections and internal audits are conducted periodically to minimise risks and mitigate potential legal penalties. Further enhancing our governance framework, we engage third-party audits to provide independent and objective evaluations of our processes, ensuring impartial scrutiny. We fulfill our regulatory reporting obligations to maintain transparency with authorities and where instances of non-compliance occur, a corrective action plan is promptly developed and implemented. Read more on our corporate policies in the Business Ethics and Corporate Governance section of this IAR 2024. Adoption of Management Systems Certification Each of our manufacturing facilities has successfully obtained various management system certifications, demonstrating our commitment to maintaining the highest standards in operational management and dedication to operational excellence and regulatory compliance. ISO 9001:2015 Quality Management Systems PMS PMBtu PMBA PMI PMAR PMIT ISO 14001:2015 Environmental Management Systems PMS PMBtu PMBA PMI PMAR PMIT ISO 50001:2018 Energy Management Systems PMS PMBtu PMI ISO 45001:2018 Occupational Health and Safety Management Systems PMS PMBtu PMBA PMI PMAR PMIT IATF 16949:2016 Automotive Quality Management Systems PMI PMIT Note: PMBA has recently commenced two (2) new operation entities (i.e., PMBA Nilai 1 and PMBA Nilai 2). These newly established entities are actively working towards obtaining these certifications. In FYE2024, both PMBA Nilai 1 and PMBA Nilai 2 are ISO 9001:2015 certified. Management of Environment Impact Press Metal had undertaken an Environmental Impact Assessment (“EIA”) and developed an Environmental Management Plan (“EMP”) to manage our operations responsibly and sustainably. The EIA provided a comprehensive evaluation of the potential environmental impacts associated with our projects and supported informed decision-making and adherence to all relevant regulations. Built on the findings of the EIA, the EMP outlines procedures for monitoring and managing the identified environmental impacts arising from our operations. Business Matching Event The MyEIP Business Matching Session, organised by SIRIM Berhad, provided a valuable platform for companies to explore advancements in sustainable technologies, including wastewater treatment, carbon capture, and renewable energy. During our participation, we engaged with industry experts, technology providers, and stakeholders, to foster collaboration on innovative solutions, to stay informed of the latest sustainable practices and technologies to advance our sustainability objectives.
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