Upholding Good Governance and Economic Resilience Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 113 OUR APPROACH WHY IT MATTERS ? RESPONSIBLE SOURCING GRI 3-3, GRI 204-1, GRI 308-1, GRI 308-2, GRI 407-1, GRI 408-1, GRI 409-1, GRI 414-1, GRI 414-2 Capitals SDGs M4 F SR As SEA’s largest integrated aluminium producer, we play a pivotal role in advocating responsible procurement practices to build a sustainable value chain. This involves making ethical, well-considered decisions when sourcing goods and services, while also partnering with local procurement entities to drive economic growth. Through prioritising ethical sourcing, we support fair labour practices, environmental conservation, and community development. Adopting responsible and sustainable supply chain management not only creates new opportunities but also fosters innovation through supplier collaboration. This approach ensures long-term success in a dynamic and conscientious market, positioning us for sustained growth and positive impact. Establishing Responsible Sourcing Standard At Press Metal, we embed responsible and sustainable practices throughout our value chain — from the procurement of raw materials to the delivery of high-quality finished products to our customers. Our expectation is aligned with our sustainability standards, which we articulate to our network of suppliers, contractors, service providers, and consultants (collectively referred to as “suppliers”). We firmly believe that sustainability is a collective responsibility, one that requires active engagement and alignment from all stakeholders across our ecosystem. Our Responsible Sourcing Policy outlines our commitments and standards when dealing with suppliers, such as business practices, legal compliance, and human rights. In tandem with this, clear expectations for all our suppliers in supporting and respecting labour and human rights, including the right to freedom of association and collective bargaining, freedom from forced, compulsory or child labour, fair and equal treatment, reasonable working hours and a safe and healthy work environment, have been set out in the SCoC. The SCoC is available in two (2) languages, i.e., English and Chinese, with the English version uploaded to our corporate website: https://www.pressmetal.com/investor-relations/corporate-governance.php. We prioritise partnerships with suppliers who demonstrate a commitment to ESG practices and adopt continuous improvement in their manufacturing processes. This includes prioritising procuring lower carbon raw materials, in our effort to reduce the carbon footprint throughout our value chain. In promoting responsible procurement awareness, we host training sessions for internal staff and external stakeholders, fostering an understanding of sustainable supply chain management. These efforts allow all parties to remain well-equipped and aligned with our dedication to ethical and responsible procurement. Building Resilient and Sustainable Supplier Ecosystems Press Metal has established a robust Supplier Management Programme to promote ethical conduct, sustainability, and transparency throughout our supply chain. This programme is built upon the guidance of the Organisation for Economic Co-operation and Development (“OECD”) Due Diligence Guidance (“DDG”) for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (“CAHRAs”). Elements of Supplier Management Programme Responsible Sourcing Management Systems Risk Identification and Assessment Risk Management Due Diligence Supplier Development
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