Press Metal Aluminium Holdings Berhad SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 94 DEAR STAKEHOLDERS, The world is at a defining moment in our collective sustainability journey. In 2024, global mean temperatures have, for the first time, exceeded 1.5°C above pre-industrial levels — an important reminder of the need for climate action. Stricter environmental regulations and evolving sustainability frameworks are not challenges but also opportunities — opportunities to innovate, enhance efficiencies, and reaffirm our commitment to a greener future. Sustainability guides who we are and what we stand for. Guided by our vision of providing products and solutions designed for a sustainable future, we have taken significant strides forward. Our introduction of GEMTM, a low-carbon aluminium series, embodies our commitment. With greenhouse gas emissions under 4.0 metric tonnes of CO2e per metric tonne of aluminium — spanning both direct Scope 1 and indirect Scope 2 GHG emissions — GEM™ reflects our dedication to sustainability through transparency and accountability in our supply chain, paving the way towards a lower-carbon economy. Yet our efforts extend beyond just our operations. We strive to uplift the communities we touch by promoting cleaner production methods and championing energy conservation. Internally, we have built an inclusive workplace where growth opportunities and sustainability go hand-in-hand, empowering our employees to become active agents of positive change. We have bolstered our responsible business practices, working closely with suppliers to ensure ethical sourcing, thereby enhancing sustainability across the entire value chain. We have strengthened workforce empowerment, cultivating employee participation in sustainability initiatives and fostering a shared culture of accountability and responsibility for achieving our ESG goals. These actions have brought tangible progress, moving us closer to our ultimate aspiration — becoming a net-zero organisation. Our collaboration with leading institutions continue to amplify and accelerate these efforts. It gives me immense pride to share that, for the third consecutive year, Press Metal remains a constituent of the FTSE4Good Bursa Malaysia Index, a testament to our persistent progress and dedication. Our journey, however, is far from complete. Sustaining our momentum is crucial. This ninth edition of our Sustainability Report highlights the efforts we have implemented, the initiatives we have championed and the challenges we have addressed throughout the FYE2024. It reflects our ongoing commitment to deliver enduring value not only for today but for generations to come. DRIVING ENVIRONMENTAL EXCELLENCE As we address rising concerns and growing expectations surrounding environmental stewardship and climate action, we must continually strive to minimise our environmental impact. At Press Metal, we have embraced this imperative by refining our climate goals in 2024, shifting our ambition from carbon neutrality to achieving net-zero emissions by 2050. Our comprehensive strategies include optimising our manufacturing processes, enhancing energy efficiency, actively reducing GHG emissions and transitioning towards greener energy sources. Additionally, we advocate strongly for circular economy principles, consistently seeking opportunities to reuse resources and reduce waste. We have expanded our GHG emissions reporting to include more of our facilities, integrating Scope 3 indirect GHG emissions into our long-term objectives. In advancing this goal, we have entered into a partnership with XJTU, signing an MoU for a pilot study to develop a Carbon Capture and Utilisation model by 2026 — an innovation set to substantially enhance the sustainability of our manufacturing processes. Furthermore, by incorporating more post-consumer aluminium products into our production cycle, we are actively decreasing our reliance on raw materials, thus improving resource efficiency and driving our commitment to circular economy practices. Collectively, these efforts are delivering measurable results. In this year alone, we reduced our GHG emissions intensity (Scope 1, 2, and 3) by 16.3% compared to our 2020 baseline and achieved significant advances in recycling, with over 92% of our waste diverted from disposal. We continue to accelerate our transition to renewable energy, having already installed 14.7 MW of solar capacity, with an additional 6.3 MW underway, targeted for completion by 2025. Our dedication to resource efficiency includes enhanced traceability of our sourced materials. Reflecting this progress, our PMBtu obtained the ASI ChoC Certification in 2025 and our PMS targets to secure the same certification by 2025. Additionally, we have earned three (3) prestigious ASI Performance Standard Certifications, highlighting our leadership in environmental excellence. MESSAGE FROM GROUP CEO
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