Press Metal Annual Report 2024

Caring for the Planet Press Metal Aluminium Holdings Berhad SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 138 Climate Change Enablers The achievement of our GHG reduction targets, along with the net-zero emissions target by 2050, was supported by four (4) key Climate Change Enablers that underpinned the four (4) pillars of our Climate Change Strategy. In FYE2024, the Group strengthened efforts by leveraging these enablers, as detailed in the table below. Climate Change Enabler Activities in FYE2024 Press Metal has updated its climate change policy from carbon neutrality commitment to a net-zero emissions target. Our climate reduction targets now include Scope 3 upstream GHG emissions in addition to Scope 1 and 2 GHG emissions. Climate Governance Press Metal established its ICP (shadow pricing) with a price of RM34.25/ tCO2e. This ICP will be applied in our investment decision strategy as well as in assessing and managing the climate risk impacts. Internal Carbon Pricing Mechanism Press Metal focuses on enhancing employee knowledge and building internal capacity by conducting regular climate-related training on topics such as climate mitigation and adaptation, sustainability financing, circular economy and life cycle assessment. Total climate-related training hours: 16,068 hours. Internal Climate-Related Capacity Building We have launched a centralised climate reporting system to collect the GHG emissions data across our subsidiaries, which allows us to monitor the data timely and streamline the data analysis and data reporting process. Integrated Climate Reporting System In FYE2024, Press Metal invested a total of RM29.0 million on climate-related initiatives. Moving forward, we have earmarked a budget of RM33.0 million for 2025. Operational Process Enhancements for GHG Reduction As part of our ongoing commitment to improving sustainability and operational efficiency across our operating facilities, we implemented a range of initiatives that are aimed at reducing GHG emissions and boosting energy efficiency. These initiatives include: • Upgraded pot lining design with fully graphitised cathode to enhance stability of metal pad, lower energy consumption and enhance operational efficiency. • Investing in digitalisation and automation to integrate all functional levels, provide full visibility of smelter operations, monitor pot health in real time, and enhance operational efficiency. • Automated clearing of solidified alumina in air slides to prevent blockages and ensures a smooth supply for feeding, helping to prevent the occurrence of anode effects. • Anode rod cleaning using laser to improve the surface contact resistance between anode and anode beam and reduce the pot energy consumption. • Pot tending machine shovel installation to enhance fallen crust material and carbon dust skimming inside the anode changing cavity during the anode changing process. • Asymmetrical anode to reduce anode current density for energy intensity reduction. • The deployment of additional seven (7) electric forklifts to replace conventional forklifts in 2024 brought our total to 34 electric forklifts, avoiding a total of 820 tCO2e annually, supporting our transition to low-carbon mobility.

RkJQdWJsaXNoZXIy NDgzMzc=