7 Integrated Annual Report 2024 SECTION 1 • PRESS METAL AT A GLANCE Our Key Strengths SUSTAINABILITY-DRIVEN APPROACH RENEWABLE AND RELIABLE RESOURCE • Sustainability is a core component of the Group’s strategy, and we take pride in our inclusion as a constituent of the FTSE4Good Bursa Malaysia Index, making our debut in June 2022 with a 4-star rating. • A testament to our commitment to sustainable business practices, our MSCI ESG rating has been upgraded from ‘A’ to ‘AA’, reinforcing the Group’s resilience in managing long-term, material environmental, social and governance (“ESG”) risks. Adding to this achievement, we proudly secured the Best Performer by Sector in the Industrial Products and Services category at The EDGE Malaysia ESG Awards 2024, further underscoring our dedication to excellence in sustainability. • Press Metal has established a sustainability framework that includes a Sustainability Roadmap with clear, time-bound targets and action plans. The sustainability efforts focus on advancing progress such as reducing GHG emissions, improving resource efficiency, and monitoring ecosystems. • Press Metal engages with associations such as ASI, UNGC, Federation of Malaysian Manufacturers (“FMM”), and the British Malaysian Chamber of Commerce (“BMCC”) to promote sustainability agendas, enhance industry presence and support global sustainability initiatives. • Press Metal’s smelting operations are strategically located in Sarawak, Malaysia, an area endowed with consistent rainfall and abundant river systems. These natural advantages provide an ideal environment for harnessing hydropower, enabling our smelting plants to utilise electricity predominantly from renewable hydroelectric sources. • Our smelting plants benefit from a renewable and reliable electricity supply, secured through long-term power purchase agreements with the Sarawak State’s power company. • Unlike many other smelters that are tied to floating-rate power purchase agreements that vary in accordance with market prices for coal or gas, we are not subject to fluctuations in our energy costs. A constituent of the FTSE4Good Bursa Malaysia Index Maintained a 4 star rating since our debut in June 2022 Our smelting operations derive a significant portion of electricity from hydro source
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