SUSTAINABILITY REPORT Cont’d Our Initiatives In FY2022, we participated in four (4) initiatives to honour our commitment to preserve and restore natural resources and biological diversity through the rehabilitation of disturbed land and the planting of trees. Initiative Description The Queen’s Green Canopy Tree Planting Programme • This programme is under the purview of the Ministry of Energy and Natural Resources, BMCC, and British High Commission (“BHC”) to encourage companies to demonstrate their stance on climate change by implementing tree-planting efforts in Malaysia. This is part of the Greening Malaysia Programme agenda. • Press Metal pledged 70 trees to be planted and managed by Animal Projects and Environmental Education Sdn. Bhd. (“APE Malaysia”) for the restoration of the forest corridors along the Lower Kinabatangan region in Sabah and by Yayasan Hijau Malaysia (“Yayasan Hijau”) at Hutan Simpan Tanjung Burung in Perak. It is estimated approximately 861 kgCO2/ year will be sequestered. Greening Malaysia Programme • This programme is a five-year campaign initiated by the Ministry of Natural Resources, Environment and Climate Change, which involves the sponsorship of tree planting in conjunction with the 70th anniversary of the Platinum Jubilee of Queen Elizabeth II. • A total of 750 mangrove tree saplings (Rhizophora mucronata) will be planted in Hutan Simpan Tanjung Burung, Perak, and is estimated that approximately 9,225 kgCO2/ year will be sequestered from the 750 tree saplings6. • Mangroves act as a natural coastal fortress against floods and storm waves. The sediments from the land and river are filtered by the roots of mangroves which consequently protects the coastline and slows coastal erosion. Mangroves are also a habitat for a variety of flora and fauna species. This includes fish, crustaceans, and prawns which can usually be found at the roots of the mangrove trees. PMBtu tree planting • The objective of this initiative is to advocate for environmental sustainability as a responsible corporate citizen. PMAR fruit tree planting • An unused land surrounding PMAR is being used to plant fruit trees and vegetables. 6 Eden Reforestation Project is used as a benchmark project to calculate the amount of CO2 removed from the atmosphere and the amount of CO2 sequestered per tree based on the growth life and planting density. Each mangrove tree planted by Eden Reforestation Project removes over 308 kg of CO2 from the atmosphere over the growth life of the tree. This calculates to an average of 12.3 kg CO2 sequestration per year per tree. ANNUAL REPORT 2022 144
RkJQdWJsaXNoZXIy NDgzMzc=