Empowering Our People and Enriching Our Communities Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 185 Modern Slavery Statement Press Metal places the suppression of modern slavery and human trafficking as a fundamental priority in achieving ethical labour practices. Aligned with the ILO Declaration on Fundamental Principles and Rights at Work, Press Metal advocates responsible conduct throughout our operations and supply chain. Business Structure and Supply Chain Our Modern Slavery Statement encompasses all employees and suppliers across our manufacturing entities. Read more about our business structure and supply chain in Our Integrated Value Chain and Responsible Sourcing sections of this IAR 2024. Governance and Policies Our commitment to human rights is embedded across all levels of employment and business operations. Employees, including foreign workers, are provided with an Employee Handbook, which outlines workplace policies, expectations and rights. The Employee Handbook is available in multiple languages to ensure accessibility and clarity on rights, policies and expectations and to fully understand their rights and responsibilities. Human rights considerations are integrated into the employment process, with recruitment agencies required to meet strict contractual obligations to prevent unethical labour practices. In addition, human rights due diligence is conducted to identify and mitigate potential risks, making certain of fair treatment and ethical employment standards. Beyond direct employment, these commitments extend across the supply chain. Suppliers and contractors are expected to uphold human rights principles in line with the SCoC and Responsible Sourcing Policy. Social Management System A structured approach to human rights management is integral to ensuring compliance and alignment with business objectives. This is achieved through the Social Management System (“SMS”), a framework designed to standardise processes and practices for the consistent implementation of human rights policies. This system enables a proactive approach to assessing and managing human rights risks, with a focus on continuous improvement through regular reviews, corrective actions and system enhancements. Policy 1 Identification of Risks and Impacts 2 Management Programme 3 Organisational Capacity and Competency 4 Emergency Preparedness and Response 5 Stakeholder Management 6 External Communication and Grievance Mechanism 7 Monitoring and Review 8 Reporting 9 The SMS comprises nine (9) key elements: Risk Assessment and Management Press Metal takes a proactive stance in identifying and mitigating risks across our operations and supply chain. Through regular human rights impact assessments and due diligence, we work to identify, evaluate, and mitigate potential concerns. Our efforts to uphold human rights and prevent any possible violations include the following: Social Impact Assessment In FYE2024, Press Metal commissioned a comprehensive Social Impact Assessment (“SIA”) for PMBtu, conducted by an independent third-party consultant. This initiative builds upon a similar evaluation undertaken for our PMS operation in 2023, delivering our commitment to understanding and enhancing the social footprint of our activities while maintaining stakeholder engagement.
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