Caring for the Planet Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 135 Integrating Our Climate Change Strategy & Net-Zero Roadmap In our effort to drive climate change actions, we have instituted the Climate Change Strategy and Net-Zero Roadmap that provides a clear overview of our ongoing efforts and future commitments toward achieving our climate goals. OUR VALUE CREATION Moving forward • Optimising process performance to enhance operational efficiency and reduce energy. • Exploring and deploying advanced technologies to reduce GHG emissions through R&D. • Strengthening sustainable sourcing practices under our Supplier Management Programme to manage Scope 3 emissions, focusing on supplier engagement and emission reduction initiatives. • Transitioning to renewable energy for aluminium production. • Offsetting unavoidable GHG emissions through climate protection projects. 2050 To Achieve Net-Zero Emissions • Aligned disclosure with TCFD recommendations and SASB framework. • Supported British Malaysian Chamber of Commerce’s Climate Action Pledges. 2021 • Established Climate Strategy, Climate Change Roadmap, and Adaptation Action Plan. • Obtained SCS Global Recycling Content Certification (80% & 100% recycled content). • Conducted climate scenario analysis to assess risks and opportunities. • Participated in Bursa Malaysia’s first Voluntary Carbon Market to support carbon reduction initiatives. 2022 • Entered into an MoU with XJTU for CCU. • Implemented a centralised GHG reporting system for emissions tracking. • Calculated Scope 3 GHG emissions for midstream operations. • Established Internal Carbon Pricing (“ICP”) at RM34.25/ tCO2e. • Introduced ESG Remuneration Framework linking incentives including climate targets. 2023 • Transitioned from a carbon neutrality ambition to a net-zero emissions target by 2050. • Incorporated Scope 3 upstream GHG emissions on top of Scope 1 and 2 in our climate targets. • Established a GHG reduction pathway aligned with the 1.5°C scenario. • Expanded Scope 3 GHG emissions calculations for a comprehensive footprint assessment. • Began disclosure in the CDP. • Launched GEM™ and CYCAL™, low-carbon aluminium content series. • Expanded circular economy initiatives. 2024 Reduce Scope 1, Scope 2, and upstream Scope 3 GHG emissions intensity by 15% from the 2020 baseline. 2025 Reduce Scope 1, Scope 2 and upstream Scope 3 GHG emissions intensity by 30% from the 2020 baseline. 2030 • Established our Carbon Neutral Policy and set GHG Reduction Targets. • Conducted first product lifecycle analysis to assess environmental impacts. 2020
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