Press Metal Annual Report 2024

Press Metal Aluminium Holdings Berhad SECTION 2 • MESSAGES FROM OUR LEADERS 14 Chairman’s Statement GROWTH & VALUE CREATION Our growth over the years has been shaped by our adaptability to changing market conditions and navigate periods of uncertainty. With a customer-centric approach, operational discipline, and sustainable practices, we will endeavour to increase our market share of our low-carbon aluminium products. Our growth strategy is anchored on five (5) core values: Business Acumen, Global Outlook, Focused Teamwork, Quality Excellence, and Social Responsibility. This vision drives our investments in securing alumina supply, expanding vertical integration, and enhancing operational efficiencies. We continue advancing digital transformation, process optimisation and automation to boost efficiency and competitiveness. These investments enable us to consistently deliver innovative solutions that meet the evolving needs of our customers. SUSTAINABILITY & CIRCULAR ECONOMY At Press Metal, sustainability is embedded in our operations. In 2024, we advanced from a carbon-neutral ambition to a net-zero target by 2050, aligning with global climate goals. We have incorporated Scope 3 GHG emissions into our climate targets and participated in the Carbon Disclosure Project (“CDP”) to enhance transparency and accountability in our decarbonisation strategy. A key milestone in 2024 was the launch of our low-carbon aluminium brand, GEM™, produced primarily using renewable energy. Our GEM™ emits less than 4.0 metric tonnes of CO2e per metric tonne of aluminium (Scope 1 & 2 GHG emissions) — significantly lower than the industry average, measured within a cradle-to-gate boundary. This sustainable alternative supports industries prioritising green materials. We have also strengthened our sustainability efforts through: • The launching of a Scrap Recycling Project at Press Metal Sarawak in Mukah, increasing aluminium recycling. • Expanded rooftop solar capacity by 1.2 MW in 2024, with an additional 6.3 MW currently under installation across downstream entities to reduce reliance on non-renewable energy. • Advancing and progressing well in the carbon capture and utilisation (“CCU”) project through a collaboration agreement signed in 2024 with Xi’an Jiaotong University (“XJTU”), exploring innovative emission reduction solutions. Our commitment to sustainability is further reflected in our recognitions, acknowledging our proactive actions and management of material ESG risks: Recognised among the top 20 recipients of MSWG’s National Corporate Governance & Sustainability 2024 Excellence Award Maintained a four-star FTSE4Good rating for the third consecutive year MSCI ESG rating upgraded from “A” to “AA”

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