Caring for the Planet Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 139 Additionally, in FYE2024, both PMBtu and PMS achieved notable process improvements, leading to a substantial decrease in PFC emissions and contributing to overall GHG emissions reduction. Factors contributing to this improvement include: This climate scenario projects a significant rise in global temperatures (4.3°C by 2100) due to rapid GHG emissions growth, resulting in a broad spectrum of environmental impacts. IPCC RCP 8.5 This climate scenario projects a modest increase in the global mean temperature (1.8°C by 2100), with a subsequent decline in GHG emissions by mid-century and the eventual attainment of net negative GHG emissions in the latter half of the century. IPCC RCP 2.6 To achieve our interim GHG reduction target, the Group implemented R&D initiatives and improvement projects at both the strategic and operational levels of our entities. Our R&D focus areas concentrated on three (3) main themes: energy reduction, decarbonisation and Industry 4.0 transformation. Forging Collaborative Efforts in Addressing Climate Change Press Metal fosters collaboration across the industry, working alongside governmental bodies, NGOs and local communities to drive sustainability across the value chain. In FYE2024, Press Metal entered into a collaboration agreement with XJTU in an MoU to develop a CCU model for its manufacturing processes. Under the terms of the agreement, both parties will jointly own the resulting intellectual property. XJTU brought significant expertise to the initiative, with the conduct of 13 related research projects and holding ten (10) patents in the field. The project was supported by RMB12 million (approximately RM7.7 million) grant from Press Metal and is scheduled for completion by August 2026, with the objective of developing a commercially viable solution. To strengthen our commitment to circular economy principles, Press Metal partnered with Sumitomo and Nandina REM to support the development of the world’s first Aviation-to-Electric Vehicle Circular Economy Model. This initiative leverages Press Metal’s aluminium scrap remelting capabilities to recycle aviation-grade aluminium scrap, contributing to a more sustainable supply chain. Assessing Climate-related Risks & Opportunities We conducted a thorough climate scenario analysis based on the IPCC Representative Concentration Pathway (“RCP”) 8.5/ 4.3°C (business as usual) and 2.6/ 1.8°C (more stringent) scenarios. The analysis enabled us to identify opportunities to address emerging climate-related policies and regulations, facilitating the adoption of proactive measures to improve our risk stance. These global GHG emissions scenarios were closely intertwined with the IPCC Shared Socioeconomic Pathways (“SSP”) 5 and SSP 1, respectively. Upgraded pot controllers and conventional crust breakers to energy-efficient intelligent versions, enhanced control over sludge and anode effects. Pot Controller Upgrade and Intelligent Crust Breaker Installation Improved on-site work quality monitoring and faster reaction to pot abnormalities. Enhancement of the Anode Effect Handling Method Increased manpower efficiency during daily operations for consistent electrolyte level maintenance. Improved Operational Efficiency Addressed issues related to alumina quality to prevent anode effects. Mitigating Setbacks Caused by Poor Alumina Quality
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