Upholding Good Governance and Economic Resilience Press Metal Aluminium Holdings Berhad SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 112 HOW WE PERFORMED IN 2024 Anti-Bribery & Anti-Corruption Quality & Safety Policies Governance & Human Rights Policies Employment & Labour Laws IT & Technology Policies Tax & Financial Policies Energy & Environmental Policies To strengthen governance and risk management, our IA team has also pursued ESG-related training, equipping them with expertise in sustainable auditing practices. Through ongoing learning and development, we ensure our workforce remains informed, compliant, and aligned with industry best practices. A proactive approach to environmental sustainability is maintained through ongoing monitoring and continuous enhancement of mitigation measures to prevent regulatory non-compliance. During FYE2024, an internal legal compliance assessment by PMI identified an issue which was voluntarily reported to the relevant authorities. Immediate corrective actions were taken in close coordination with regulators, with all procedures subsequently approved and accepted. Despite these efforts, two (2) instances of non-compliance with local regulations were recorded, resulting in fines totalling approximately RM20,900. Regulatory Engagement Press Metal’s regulatory engagement is anchored in a proactive and collaborative approach by fostering regular dialogue with authorities to remain adapted to evolving requirements and ensure alignment with the latest standards. For example, our engagement with the Economic Planning Unit Sarawak on the Post Covid-19 Development Strategy 2030 Roadmap allowed us to gain valuable insights and identify future opportunities in Samalaju. This strategic engagement enabled our operational and growth strategies to harmonise with regional development priorities, regulatory mandates, and sustainability requirements. Through meaningful and strategic partnerships, Press Metal is positioned to contribute to both local and national development objectives. Employee Awareness and Compliance Training Press Metal conducted training sessions for all employees, which focused on policies, legal requirements, and industryspecific regulations. These training sessions equipped our workforce with the necessary knowledge and skills to maintain compliance and foster a culture of accountability and integrity throughout the organisation. In FYE2024, the Group conducted a total of 10,036 compliance training sessions across a range of critical topics, including but not limited to: GOING FORWARD Press Metal is committed to regulatory compliance and acknowledges the challenges and opportunities presented by evolving regulatory environments. The Group continuously monitors developments across relevant jurisdictions, integrating compliance considerations into strategic planning to mitigate risks, increase transparency, and foster stakeholder trust. Efforts to enhance internal systems for accurate data collection and transparent reporting, in line with global standards, are ongoing. Press Metal will also collaborate closely with regulatory bodies to ensure early adaptation to emerging sustainability-related laws and regulations, including Malaysia’s NSRF, the EECA 2024, and the upcoming carbon tax in 2026. Moving forward, the Group will focus on reducing emissions through energy efficiency measures, integrating renewable energy solutions, and exploring opportunities in the carbon credit markets, ensuring both sustainable and compliant operations.
RkJQdWJsaXNoZXIy NDgzMzc=