At Press Metal, sustainability guides who we are and what we stand for. In FY2024, we continue to make significant strides forward, guided by our vision of providing products and solutions designed for a sustainable future. During the year, we continue to refine our climate goals, shifting our ambition from carbon neutrality to achieving net-zero emissions by 2050. In line with our net zero emissions aspiration, we also have introduced GEM™, a low-carbon aluminium series, expanded our GHG emissions reporting to include newly established facilities and integrated Scope 3 indirect GHG emissions into our climate targets.
On the social front, we ensure that our workplace is built on a foundation of respect, diversity, inclusivity and empowerment while remain steadfast in our commitment to continuously developing our talent. We are also deeply committed to improving lives in the communities around us through community investments and our CSR programmes. On ensuring best governance practices, we are guided by a clear mission to align our governance and management practices with the global standards.
Our sustainability efforts continue to be recognised with awards and ratings, and Press Metal remains a constituent of the FTSE4Good Bursa Malaysia Index. We remain dedicated to proactively monitoring and benchmarking our ESG performance
The ninth edition of our Sustainability Report outlines the milestones achieved in FYE2024 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
Understanding the evolving business environment is important for Press Metal to capitalise on existing and emerging opportunities as well as strategising plans to avoid or minimise potential or underlying risks that may affect the ability to generate value over time. Our material topics, outcome of materiality assessment, underpins the areas for the development of Press Metal's overall strategy, effectively addresses matters in a meaningful and objective manner.
Click here for our Materiality Assessment and 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-Linked Remuneration Framework acts as a strategic driver in advancing sustainable development. By aligning incentive components with sustainability targets, it reinforces our steadfast commitment to stakeholders and drives catalytic change across the Group. The ESG Remuneration Framework supplements our existing remuneration policies by aligning the current remuneration of selected senior management personnel with the sustainability targets. These targets are assessed through a balanced scorecard and modifier approach, providing a structured and measurable basis for evaluation.
The ESG Remuneration Framework applies to selected members of Key Senior Management — including the Group CEO — as well as Key Operating Management and the Head of Group Sustainability. We intend to extend this remuneration structure to include our employees, taking into account the variability in their compensation and the level of accountability associated with their roles.
The ESG Remuneration Framework covers the following eight (8) ESG performance metrics as indicated below:
