Caring for the Planet Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 143 Potential Risks Implications Potential Opportunities IPCC RCP 8.5 IPCC RCP 2.6 Type of Transition Risk: Reputation Category: Litigations, fines and non-compliance • Delays, project refusals, and financial penalties due to non-compliance with regulations. • Increased costs to settle litigation cases and fines arising from non-compliance with environmental regulations. • Low risk due to the absence of comprehensive climate control measures, minimal compliance requirements and the slow development of climate-related regulations. • Low risk is evident as there are mitigation controls in place, including strategies, plans, and actions to ensure compliance with climate change regulatory requirements. • Improved preparedness to meet climate-related regulations and avoid penalties. Category: Negative investors and public perception • Potential reputational damage. • Delayed regulatory approvals on expansion plans. • Low risk due to limited public awareness and minimal pressure from stakeholders to implement climate change strategies. • Low risk as Press Metal continuously engages with stakeholders to provide updates on our climaterelated strategies. • Branding the Group in a positive manner by leveraging our climate change efforts. Category: Talent retention and attraction • Recruitment challenges and increased costs to align employer branding with climate action goals. • Low risk is observed since social concern and climate change awareness are not heavily emphasised in talent retention and attraction, aligning with normal operating procedures. • Medium risk is attributed to the prioritisation of remuneration over climate change responsibilities and social concerns. Efforts have been made to retain and recruit talent, although the impacts remain modest. • Increased employee engagement through awareness initiatives and knowledgesharing on climate efforts. Category: Social changes arising from climate change • Operational disruptions and conflicts due to local disputes or pressures from low-carbon lifestyles. • Medium risk associated with the gradual increase of public awareness of climate change risks in society. • Medium risk is associated with social changes driven by end-user product makers, who utilises marketing strategies and branding to promote public awareness of living a low-carbon footprint lifestyle. Meeting the market’s demand for low-carbon products is essential. • Encouraging greater employee contribution and participation by increasing awareness on climate change.
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