The brewer wins award for the highest return-on-equity over three years for the fourth consecutive year as it showcases its commitment to delivering long-term sustainable value to shareholders
KUALA LUMPUR, 25 Oct 2023 – Carlsberg Brewery Malaysia Bhd (“the Group”) has once again clinched the top spot of highest return-on-equity (ROE) over three years within the Consumers Products & Services category at the 14th edition of the prestigious The Edge Billion Ringgit Club (BRC) Awards.
The accolade, which is the brewer’s fourth consecutive win, is testament to the Group’s commitment to delivering long-term sustainable growth and shareholder value as it navigates through the ever-evolving operating environment. According to the Group’s Annual Report 2022, the brewer has reported a return on shareholders’ funds of 181.1% in 2022, 107.9% in 2021 and 105.1% in 2020 respectively.
Carlsberg Malaysia’s Managing Director, Stefano Clini, expressed, “Winning this award as the consumer goods company with the highest ROE in Malaysia for the fourth consecutive time is a significant achievement for us. We take great pride in this recognition, as it underscores our relentless efforts to enhance performance and deliver value to our shareholders. I want to extend my heartfelt appreciation to our dedicated team of employees, trusted distributors, loyal suppliers, invaluable trade partners and all our loyal consumers for their unwavering dedication and commitment.”
Carlsberg Malaysia had a market capitalisation of RM7.0 billion as of 31 December 2022 and was one of 181 nominees in this year’s BRC assessment consisting of public-listed companies with a market capitalisation of RM1 billion and above. The 181 members command a market capitalisation of RM1.49 trillion or 90.4% of the combined market capitalisation of all Bursa Malaysia-listed companies as of 31 March 2023.
The Edge BRC Awards are to honour Malaysia’s best-performing and top responsible organisations, which also aim to spur Malaysian companies to be even better, both financially and also as a corporate citizen.
No stranger to The Edge BRC Awards, this is the sixth award for the brewer. Carlsberg Malaysia has also won the Best Corporate Responsibility Award for public-listed companies under RM10 billion market capitalisation in 2019 and 2014, as it showcases its resolute commitment to its environmental and social priorities under its Together Towards ZERO and Beyond sustainability ambitions and its efforts in giving back to local communities.
The Group’s transparency and action on climate remains with a rating of ‘A’ by the Carbon Disclosure Project (CDP) and its resilience to long-term ESG risks remain rated at ‘AA’ by the Morgan Stanley Capital International (MSCI) in the recent review.