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Press Metal Annual Report 2024

COVER 1
INSIDE THIS REPORT 3
SECTION 1 - PRESS METAL AT A GLANCE 4
About This Report 4
Who We Are 6
Our Integrated Value Chain 6
Our Key Strengths 8
Key Highlights in 2024 10
Awards and Accolades 12
Associations and Memberships 13
SECTION 2 - MESSAGES FROM OUR LEADERS 14
Chairman's Statement 14
Management Discussion and Analysis by Group CEO 18
SECTION 3 - CHARTING THE PATHWAY TOWARDS EXCELLENCE 24
The Market We Operate in 24
Engaging with Our Stakeholders 29
Material Matters at Our Core 33
Managing Our Risks and Opportunities Effectively 35
Fuelling Growth through Our Strategic Priority Areas 39
Our Value Creation Model 42
SECTION 4 - EFFECTIVE STEWARDSHIP THROUGH GOOD GOVERNANCE 44
Corporate Information 44
Profile of Our Board of Directors 46
Profile of Our Key Senior Management, Key Operating Management and Country Heads 52
Corporate Governance Overview Statement 55
Director’s Responsibility Statement 77
Additional Compliance Information 78
Audit Committee Report 79
Statement on Risk Management and Internal Control 86
SECTION 5 - DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 90
About This Sustainability Report 91
Overview of Our Sustainability Approach 92
Key ESG Highlights 2024 93
Sustainability Journey and Net-Zero Aspirations 94
Message from Group CEO 96
Approach to Sustainability 98
Sustainability Achievements 101
Sustainability Targets and 2024 Performance 103
Upholding Good Governance and Economic Resilience 105
Caring for the Planet 134
Empowering Our People and Enriching Our Communities 173
Independent Limited Assurance Report 219
GRI Content Index 223
SASB Content Index 229
Bursa Malaysia Three-Year Sustainability Performance Data 230
SECTION 6 - FINANCIAL STATEMENTS 235
Directors’ Report 236
Statements of Financial Position 241
Statements of Profit or Loss and Other Comprehensive Income 242
Consolidated Statement of Changes in Equity 243
Statement of Changes in Equity 245
Statements of Cash Flows 246
Notes to the Financial Statements 252
Statement by Directors 336
Statutory Declaration 336
Independent Auditors’ Report 337
SECTION 7 - ADDITIONAL INFORMATION 341
List of Properties 341
Analysis of Shareholdings 342
Notice of Annual General Meeting 346
Statement Accompanying Notice of Annual General Meeting 355
Glossary 356
Proxy Form 361
BACK COVER 364

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