SUSTAINABILITY REPORT Cont’d Our Initiatives Intellectual Capital - Digitalisation Press Metal has undertaken a few initiatives to digitalise significant processes in order to streamline resource efficiency. We are committed to embracing industrial revolution by increasing data interconnectivity and smart automation to further improve our operations. By leveraging on the latest technology and innovative solutions, we strive to further enhance our manufacturing processes. Some of the key systems that are being deployed include: • Warehouse Management System – provides a digitalised system for efficient monitoring of materials usage and finished goods • Maintenance Management System – provides a centralised library of maintenance information (i.e. affected facilities and processes undertaken) • PTM Breakdown Reporting Platform – provides a computerised system that analyses and stores information including repair completion time • Vendor Data Management Project – provides a centralised platform for vendor information and product offerings • Molten Transfer Data Digitalisation – provides a centralised web-based mobile application system for transfer of molten aluminium RISK MANAGEMENT GRI 3-3 Why is this important? Having a robust risk management framework is critical as it identifies and mitigates potential risks. These risks can arise in various forms, including economic, social, environmental, and operational. If exposed risks are not managed adequately, it may lead to significant financial losses, reputational damage, or other adverse consequences. By integrating enterprise risk management into fundamental business functions, projects, and procedures, we have considered and addressed relevant risks throughout our operations. This approach keeps the identified risks under surveillance with mitigation actions either in place or underway. Our Approach Press Metal’s Enterprise Risk Management (“ERM”) framework has been established with reference to the ISO 31000:2018 Risk Management Guidelines to align the risk management practices with recognised standards and best practices. This has become an essential tool for Press Metal to perform risk management capabilities. Our ERM framework encompasses ESG risks alongside corporate, financial, and operational risks. The responsibility for identifying and managing risks lies with the designated risk owners who perform quarterly operational risk assessments and subsequently updates on the likelihood and impact of risks within their areas of control. A dedicated ESG Risk Register and Climate-related Risk Register have been developed to systematically identify, assess, and prioritise ESG and climate risks and opportunities, and the corresponding management strategies to address them. The RMC oversees the Group’s risks, supported by RMT on risk management implementation and monitoring throughout the Group. This integrated approach ensures that the Group’s strategic objectives are aligned with our risk management practices, and risks are taken into account when making important business decisions. RMT reports risk updates to the RMC quarterly. Read more about our approach to risk management in the Statement on Risk Management and Internal Controls section of this Annual Report. Read more on climate-related risks at Table X. Identified climate-related risks and opportunities for Press Metal and Table Y. Implications of physical and transition risks identified by Press Metal in the TCFD Recommendations section of this Report. PRESS METAL ALUMINIUM HOLDINGS BERHAD 113
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