Press Metal Annual Report 2024

Caring for the Planet Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 137 Progress • Introduced low-carbon aluminium products, GEM™ and CYCAL™, to support GHG emissions reduction efforts. GEM™ is produced with less than 4.0 metric tonnes of CO2e per metric tonne of aluminium for Scope 1 (direct) and Scope 2 (indirect) GHG emissions. Its product carbon footprint is significantly lower than the industry average, measured within a cradle-to-gate boundary. • CYCAL™ billet, integrates GEM™ with high content of recycled aluminium, offering an optimal balance of quality and reduced carbon emissions, further enhancing our commitment to sustainable aluminium production. • Conducted LCAs* to evaluate the environmental impacts of our aluminium products manufactured in PMBtu, PMS, PMAR and PMI, in accordance with the ISO 14040:2006 Environmental Management - Life Cycle Assessment standard, based on cradle-to-gate boundaries and is independently third-party verified. • Performed quarterly Product Carbon Footprint (“PCF”) calculations for our primary aluminium products. This performance was independently verified in accordance with ISO 14064-3:2019 and with reference to ISO 14067:2018 standards. • Sourced aluminium scrap from both local and international suppliers to increase the volume of scrap remelting, reducing reliance on primary aluminium and enhancing recycling efforts. • Established aluminium buyback programmes in collaboration with customers and business partners. • Press Metal, Sumitomo, and Nandina REM have partnered to support Nandina REM in scaling their world’s first Aviation-to-Electric Vehicle Circular Economy Model. Short-Term Strategy • Introduce traceable technology to trace our products and their inputs. • Identify GHG reduction opportunities from LCA hotspot analysis. • Promote low-carbon aluminium products through circular economy. • Introduce low-carbon product branding. Long-Term Strategy • Identify strategic partnerships. • Develop circular product designs and production processes. Note: * LCA is available upon request. Progress • Expanded Scope 3 GHG emissions calculation to encompass both midstream and downstream operations across twelve (12) categories, offering a more comprehensive assessment. • This enhancement allows for better identification of key emission sources, particularly in Category 1 (purchased goods and services) and Category 3 (fuel and energy-related activities), which together account for approximately 80% of total Scope 3 GHG emissions. The expanded scope supports more targeted strategies to reduce GHG emissions across the value chain. • Identified alumina supply as a significant GHG emissions hotspot in smelter and enabled targeted actions to address upstream GHG emissions. • Promoting sustainable sourcing practices to source low-carbon raw materials. Short-Term Strategy • Map Scope 3 GHG emissions across our value chain and identify material impacts in Scope 3. • Strategically reduce Scope 3 GHG emission through supplier engagement. Long-Term Strategy • Identify hotspots, risks and opportunities across our value chain. • Identify and source low-carbon raw materials through the Supplier Management Programme. Pillar 3 Low-Carbon Product Pillar 4 Reducing Carbon Footprint Across Value Chain

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