PRESS METAL ALUMINIUM HOLDINGS BERHAD
Malaysia | 8869.KL | Main
Reference
Report Year: 2023
Source Files: PMetal_-_IAR_2023_Part_01.md, PMetal_-_IAR_2023_Part_02.md, PMetal_-_IAR_2023_Part_03.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Quarterly updates 🟢
- Strategy formulation 🟢
Reporting
GRI, TCFD, SASB, Integrated Report 🟢
GHG Accounting
Press Metal Aluminium Holdings Berhad demonstrates a robust GHG accounting framework with comprehensive reporting of Scope 1, 2, and 3 emissions for 2023, aligning with the GHG Protocol. The company's carbon intensity of 3.3 tCO₂e/tonne of aluminium reflects a 17.8% reduction from 2022, showcasing progress in emission management. However, the lack of third-party verification and unspecified base year for targets are notable gaps. Improvement is needed in obtaining external assurance to enhance credibility and specifying GWP basis for transparency. Overall, while the company is making strides in climate action with a target of carbon neutrality by 2050, adopting verification processes and clearer target-setting frameworks would strengthen its position as a sustainability leader in the aluminium industry.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 2,171,570.7 tCO₂e 🟢 | |
| Scope2 | 2,121,728.1 tCO₂e 🟢 | |
| Scope3 | 7,513,416.7 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- 17.8% intensity reduction 🟢
- 203,966.2 tonnes waste diverted 🟢
- Solar extrusion line 🌞
- Low-carbon production 🌱
Social Highlights
- RM6.3M community investment 🥗
- 860,000 beneficiaries 🟢
- 7,700 volunteer hours 🟢
- 65,100 trained on safety 🟢
- 46.8 training hours/employee 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Press Metal Aluminium Holdings Berhad in their 2023 Integrated Annual Report 🟢. The report showcases quantifiable actions such as a 17.8% reduction in GHG emissions intensity and diversion of 203,966.2 tonnes of waste from disposal, reflecting a strong commitment to sustainability. Measurable outcomes are evident with detailed Scope 1, 2, and 3 emissions data and social impact metrics like RM6.3 million in community investments. Additionally, forward-looking commitments such as carbon neutrality by 2050 provide a clear vision. However, the report falls short with the absence of third-party verification for GHG data, which limits credibility ⚠️. Some statements on climate action remain generic without specific timelines or interim targets. To enhance future reports, the company could incorporate external assurance for emissions data and provide more granular details on progress tracking for long-term goals. Overall, the report lays a solid foundation but would benefit from greater transparency and validation.
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