Caring for the Planet Press Metal Aluminium Holdings Berhad SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 134 Note: The identified initiatives for technology deployment are subject to change based on factors such as cost, technology maturity, market conditions, available infrastructure, and policy developments. While the current decarbonisation pathway focuses on Scope 1 and 2 emissions, efforts are also directed towards addressing Scope 3 emissions, with particular emphasis on upstream GHG contributions. In line with science-based targets, climate-related commitments have been expanded to include supplier engagement aimed at reducing value chain emissions. Initiatives to support this objective include supplier training, performance assessments, and the promotion of emissions tracking and management practices. These measures reinforce responsible procurement and contribute to the broader ambition of reducing the Group’s overall carbon footprint. Ensuring Robust Climate Governance The Board plays a pivotal role in overseeing our climate action strategy, ensuring robust governance and alignment with our broader sustainability objectives, in line with the mandate to manage risk and drive long-term value creation. They provide strategic oversight of climate-related policies and initiatives development. The Board is briefed on sustainability developments, including climate-related issues, on a quarterly basis, with the RMC providing advisory support on climate-related risks. The Group CEO, a Board member who also chairs the SC, is responsible for overseeing the organisation’s sustainability agenda, including climate-related strategies and policies. Key responsibilities include formulating climate policies, evaluating performance, and allocating resources to support climate-related initiatives. Read more of our sustainability governance at Our Approach to Sustainability of this SR 2024. Integrating Climate Performance in Remuneration As part of our commitment to driving progress in climate action, Press Metal integrated GHG emissions intensity performance as one of the key metrics within our ESG Remuneration Framework. This ensured a direct alignment between climate performance and remuneration incentives for the Group Chief Executive Officer, selected Key Senior Management, Key Operating Management personnel and the Head of Group Sustainability. From 2025 onwards, this framework will be expanded to include a wider range of roles, further embedding ESG-driven accountability across the organisation. Looking ahead, we intend to extend this approach to additional employee groups, taking into account the variability in their compensation structures and levels of responsibility. Transparency in Climate Action With the TCFD having completed its mandate, we align our climate-related reporting with its four (4) core recommendations — governance, strategy, risk management, and metrics and targets — which are now embedded within the ISSB framework. We have also inaugurated our disclosure in CDP in FYE2024. These steps provide greater transparency into our governance practices and climate-related initiatives, ensuring greater accountability on how we manage the decarbonisation of our operations as we progress towards our target of net-zero emissions by 2050. CCU Retrofit with Inert Anode Fuel switch Process Improvement and Energy Optimisation Shift to Renewable Energy Furnace Electrification Carbon Offset Emissions level GHG Reduction Pathway towards Net-Zero Emissions by 2050 Year 2020 2025 2030 2040 2050 Emissions level (%) 100 80 60 40 20 0
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