As we celebrate our 40ᵗʰ anniversary, we continue to advance our sustainability agenda with clarity and conviction, making meaningful progress on our decarbonisation journey through enhanced operational efficiency, greater adoption of digital capabilities, expanded renewable energy initiatives, and a stronger focus on circularity. We are making progress across climate action, environmental management, people, and governance, while reinforcing our commitment to achieving net-zero emissions by 2050.
On the social front, we remain committed to fostering a workplace grounded in trust, inclusivity, and opportunity. We continue to invest in developing our people, strengthening leadership capabilities, and supporting employee wellbeing. Importantly, we maintained a strong safety record, with zero (0) workplace fatalities and continued improvements in workplace safety performance. We also continue to invest in the communities we serve through initiatives in education, healthcare, and socioeconomic development.
From a governance perspective, we take another step forward in the Group's sustainability reporting journey through alignment with the IFRS Sustainability Disclosure Standards. Press Metal also undertook a Double Materiality Assessment to systematically evaluate both sustainability-related financial risks and opportunities, as well as the environmental and social impacts of our operations. In addition, we expanded our ESG-Linked Executive Incentive Remuneration Framework (“ESG Remuneration Framework”) to include all Corporate Heads of Department.
Our sustainability efforts continue to be recognised through awards and ratings, with Press Metal remaining a constituent of the FTSE4Good Bursa Malaysia Index with a 4-star rating, and most recently, our MSCI ESG rating being upgraded from "AA" to "AAA", reflecting our commitment to sustainable business practices. We were also honoured with the “Best of the Best” award at The Edge ESG Awards 2025, the National Corporate Governance & Sustainability Awards (“NACGSA”) Overall Excellence Award (Top 50), and recognition as a 5-Star Lister in the ESG Select List 2025 by the UN Global Compact Network Malaysia & Brunei (“UNGCMYB”). These achievements reflect our unwavering commitment to sustainable business practices, strong governance, and long-term value creation.
As we look ahead, our direction is clear. We will continue to execute with discipline, strengthen our operational resilience and advance our sustainability priorities in a way that is both practical and value-creating. I encourage you to read and explore the tenth edition of our Sustainability Statement, which outlines the milestones achieved in FYE2025 and underscores our continued focus on creating long-term value for all stakeholders, today and into the future.
Tan Sri Dato' Koon Poh Keong
Group Chief Executive Officer
Sustainability, a simple yet profound idea: meeting the present needs while preserving the ability of future generations to meet their own needs. In Press Metal, it represents both a responsibility and a strategic priority. We recognise the importance of balancing economic, environmental, and societal factors for the well-being of people and the planet, ensuring long-term value creation for all stakeholders.
Sustainability guides our choices and drives our ambition to create long-term value in a thoughtful, inclusive, and forward-thinking way. We trust that by weaving sustainability into the fabric of our business enhances business resilience, opens new opportunities, and strengthens stakeholder trust.
Our Sustainability Roadmap sets out the direction for delivering on our commitments. It outlines our group-wide strategy and governance framework, supported by structured risk management. It is our framework for continuous improvement — one that drives progress, improves transparency, and positions the Group to create long-term, sustainable value.
Matters that are Material to Press Metal
Press Metal adopted the Materiality Assessment, enabling us to evaluate material matters which impact our operations. This approach strengthens our ability to prioritise material issues and enhance our responsiveness to regulatory developments, stakeholder expectations, and the increasingly complex operating environment. In alignment with the IFRS Sustainability Disclosure Standards, we enhanced our materiality approach through the adoption of Double Materiality Assessment in FYE2025 to evaluate both our financial risk exposures and our external environmental and social impacts. This strengthened the foundation for more integrated decision-making and enhanced the robustness of our sustainability governance.
Click here for our Double Materiality Assessment and Double Materiality Matrix
Sustainability governance at Press Metal is led by our Board, which sets the
tone from the top, drives our sustainability agenda. We continued to enhance our
sustainability efforts by strengthening our sustainability governance structure under
the purview of the Board with the inclusion of the Risk Management Committee to oversee
sustainability risks, as well as the Corporate Sustainability Development Team that is
responsible for supporting and reporting sustainability efforts
across divisions.
Click here for more details about
our Sustainability
Governance Structure
Our ESG Remuneration Framework aligns leadership incentives with sustainability priorities and strategic objectives. Selected ESG performance indicators are integrated into remuneration outcomes for senior leaders, supported by balanced scorecard assessments, modifier mechanisms, and Malus and Clawback provisions to strengthen accountability and long-term value creation. The framework applies to selected members of Key Senior Management — including the Group CEO — as well as Key Operating Management and the Group Head of EHS & Sustainability. In FYE2025, the framework’s scope was expanded to include all Corporate Heads of Department.
The ESG Remuneration Framework covers the following eight (8) ESG performance metrics as indicated below:
