Empowering Our People and Enriching Our Communities Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 187 Human Rights Impact Assessments Integral to the human rights due diligence process, our Human Rights Risk and Impact Process Flow incorporates the human rights risk and impact assessment methodology from this International Finance Corporation’s Guide to Human Rights Impact Assessment and Management. It follows a five (5)-step approach: Planning & Scoping Human Rights Risk Assessment Reporting & Updates Identification of Human Rights Risks Mitigation and Management Identifying the most relevant human rights issues to our industry and operations. Evaluating the severity and likelihood of human rights risks through the conduct of impact assessments, considering the Group’s operations, supply chain and local contexts. Providing regular updates to the management and the Board on the status of human rights risks and mitigation efforts to ensure continuous alignment with the Group’s policies and objectives. Screening of potential human rights risks associated with our operations through regular monitoring and engagement with stakeholders. Developing and implementing policies and action plans to address identified risks in a timely manner. This includes improving labour conditions, ensuring fair wages, and promoting diversity and inclusion. Regular training, monitoring, and audits help to enforce these practices. Supplier Assessments Press Metal extends its human rights commitment across our supply chain, making sure suppliers align with our Responsible Sourcing Policy and SCoC. We conduct thorough evaluations through SSAQ, on-site audits and inspections, maintaining a rigorous oversight process. Where risks are identified, we collaborate with suppliers to develop timed action plans and corrective measures.
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