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Our Sustainability

Our ESG Programme:
TOGETHER TOWARDS ZERO AND BEYOND (TTZAB)

Our Together towards ZERO and Beyond (TTZAB) programme consists of our ambitions and concrete targets to address our Environmental, Social and Governance (ESG) matters that are most material to our business and to wider society.


As we work to achieve these, we are putting in place governance structures, developing strategies, allocating resources and investment, and taking actions to deliver results towards our milestones in 2030 and 2040. We strive to achieve our target of ZERO carbon emissions at our breweries and a 30% reduction of our beer-in-hand footprint by 2030. In addition to this, we will go beyond by working towards the target to achieve net zero carbon emissions across our entire value chain by 2040.


Evolving from the past seven-year sustainability programme, Together towards ZERO (TTZ) from 2016 to 2022, TTZAB is the Carlsberg Group’s renewed commitment and response to global challenges such as inequality, climate change and water scarcity, as well as society’s increasing focus on health and well-being.


The programme is anchored in our Purpose of brewing for a better today and tomorrow, and is embedded into our overall corporate strategy – SAIL’27, because we recognise that our ESG performance can strengthen our overall business performance and Company culture.


In addition to the six ZERO targets, TTZAB also outlines seven sustainability focus areas that can enhance our reputation and strengthen our relationships with stakeholders by demonstrating our commitment to sourcing responsibly, promoting diversity, equity and inclusion, respecting human rights, living by our Compass, engaging meaningfully with communities, protecting our product quality and safety and safeguarding our licence to operate.


Integrating TTZAB in our Malaysian and Singaporean operations, we are working to manage our most material business impacts responsibly, while taking action via partnerships with our suppliers, customers, consumers, employees and the communities where we operate as we journey Together towards ZERO and Beyond.


As a comprehensive and well-embedded ESG programme, TTZAB enables us to mitigate risks, capture opportunities to brew for a better tomorrow and accomplish our strategic objectives.


The Group received a Morgan Stanley Capital International (MSCI) ESG ratings of “AA” and rated ‘A’ from the Carbon Disclosure Project (CDP) for transparency and action on climate.

OUR COMMITMENT TOWARDS ZERO


TTZAB is a key component of our SAIL’27 strategy with expanded ambitions, where we sharpened our targets and introduced new focus areas, together constituting a holistic ESG programme of targets and activities that enable us to address our material ESG topics.


In addition to the six ZERO targets, TTZAB also outlines seven sustainability focus areas that can enhance our reputation and strengthen our relationships with stakeholders by demonstrating our commitment to sourcing responsibly, promoting diversity, equity and inclusion, respecting human rights, living by our Compass, engaging meaningfully with communities, protecting our product quality and safety and safeguarding our licence to operate.


Please refer to the below ESG dashboard to view our TTZAB focus areas, targets and progress.

Our Progress Together Towards Zero and Beyond
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ESG GOVERNANCE

The Carlsberg Malaysia Group’s Board of Directors has oversight of the Group’s sustainability and ESG strategy, including climate-related matters. They are kept abreast of latest updates and progress by the members of the Risk Management and Sustainability Committee (RMSC) and Sustainability Steering Committee (SSC).

The RMSC is responsible for providing oversight, assessing and approving the Group’s ESG strategies, priorities, targets and initiatives. They meet on a quarterly basis and are often updated on the latest developments, regulations and reporting standards set by Bursa Malaysia and international climate- and sustainability-related bodies.

 

The Corporate Affairs and Sustainability Director steers ESG strategic priorities within the Group and provides progress updates to the RMSC, with the support of Senior Manager, Corporate Affairs and Sustainability and TTZAB Target Owners.

The Sustainability Steering Committee (SSC) is responsible for driving strategic initiatives and partnerships and supports TTZAB Function Owners on the implementation of sustainability initiatives, performance management, reporting and stakeholder engagements. Guided by the RMSC, the SSC meets regularly to identify, discuss, update and mitigate potential climate and sustainability-related risks and opportunities.

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