On November 28, the ESG Annual Awards Dinner hosted by renowned media group THE EDGE was held in Kuala Lumpur, Malaysia. Among them, Press Metal International (PMI) parent company, Press Metal Aluminium Holdings Berhad (PMAHB), won the gold award in the Industrial service category and the gold award for best progress in three years. The awards are evaluated by FTSE Russell on the basis of publicly disclosed information through more than 300 individual evaluations. This is a high recognition for the company’s environmental, social and governance (ESG) practices.
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ESG is a set of criteria or indicators that investors use to assess the sustainability performance and ethical impact of an investment, and an objective evaluation that reflects a company's performance in the area of sustainability. The ESG agenda of the Group can be divided into four dimensions: economic resilience and excellence, sustainable workforce and community, eco-conscious corporate citizenship and responsible governance. Through these four areas of focus and initiatives, the company’s value chain objectives are formed and value is transmitted to corporate stakeholders, employees, customers, suppliers and even society.
In its 2021 Annual Report, PMAHB has announced specific ESG targets in five areas, including greenhouse gas emissions, water resources, diversity, occupational health and safety, and waste management; the Group will achieve its targets through a series of substantial initiatives; at the same time, the Group has established a sustainability committee to develop, review and monitor the Group's overall sustainability matters, strategies, policies and targets, which also includes the establishment of sustainability working groups in its subsidiaries to follow up on the progress of specific projects.
As the aluminium extrusion and aluminium alloy components design, production and technical services business segment of the PMAHB, PMI, while following up on the implementation of the Group's sustainable development strategy and objectives, has also developed ESG objectives and a series of initiatives in response to the market and social environment, taking into account its own reality. During the year, PMI has further enhanced its corporate governance through a series of initiatives such as the ASI Aluminium Management Initiative and the SCS Statement on recycled content, the establishment of dedicated bodies within the company such as the Energy Management Committee and the Safety Production Committee, and occupational health and safety awareness training, have led to further improvements in corporate governance.
Without the first step, you won't get a thousand miles. Achieving sustainable development requires the involvement of every member from the society. Building a company that is sustainable in positive gains, while being environmentally and socially responsible, starts with the day-to-day, as well as the management structure and philosophy. We are grateful for this recognition from the community, and the company team will work together to maintain our focus on improving the company's ESG performance and building a better future for the next generation.
About FTSE4Good Index Series
Created in 2001, the FTSE4Good Index Series is the first index series to measure the performance of companies that meet globally recognised standards of corporate responsibility, and aims to identify and recognise companies that have demonstrated outstanding environmental, social and governance (ESG) practices, and to recognise their achievements.
