The brewer wins award for the highest return-on-equity over three years for the second
consecutive year as it showcases its commitment to deliver long-term sustainable value to
SHAH ALAM, 17 December 2021 – Carlsberg Brewery Malaysia Bhd has once again clinched the top spot of highest return-on-equity over three years within the Consumers Products & Services category at the 12th edition of the prestigious The Edge Billion Ringgit Club (BRC) Awards.
The accolade, which is the brewer’s second consecutive win, is testament to the company’s commitment to delivering long-term sustainable growth and shareholder value as it navigates through the new norm and changing business operating environment as well as improving cost efficiency.
Once again, the brewer is one of only two corporate winners within the consumer products & services sector. The brewer has reported a return on shareholders’ fund of 105.1% in 2020, 189.2% in 2019 and 122.5% in 2018.
Carlsberg Malaysia’s Managing Director Stefano Clini said: “It is no mean feat to win the award twice in a row. We are very proud to receive this award again as it shows that all our efforts to drive performance and deliver shareholder value are recognised. I must thank all our employees as well as our distributors, suppliers and trade partners for their relentless commitment. I would also like to dedicate this win to our loyal consumers for their unwavering support.”
Carlsberg Malaysia’s had a market capitalisation of RM7.11 billion as of 31 December 2020 and was one of 186 nominees in this year’s BRC assessment consisting of public-listed companies with a market capitalisation of RM1 billion and above. The 186 members command a market capitalisation of RM1.59 trillion or 90% of the combined market capitalisation of all Bursa Malaysia-listed companies as of 31 March 2021.
These corporate leaders play a key role to nation building, as they contribute an estimated RM23 billion in taxes for FY2020, constituting about 46% of the RM50 billion corporate tax collection for 2020.
In its 12th instalment this year, a total of 55 awards were presented to 43 companies. The Edge BRC awards are to honour Corporate 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 fourth 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 sustainability ambitions and its efforts in giving back to local communities.
The brewer had also recently bagged the “Company of the Year” under the manufacturing of beverage sector for the second time at the 6th edition Sustainability & CSR Malaysia Awards 2021. The brewer’s Safer Schools campaign, which is part of its COVID-19 relief programme, was named as an exemplary project in providing meaningful intervention and solution for communities involved.
“To win the battle against COVID-19, we must ensure no one is left behind. We must win together. In addition to our CSR initiatives, we also ensured that all our employees, as well as third party vendors, have been fully vaccinated since August,” said Clini.
Demonstrating a class-leading commitment to responsible business practices and inclusive disclosure on ESG matters, Carlsberg Malaysia remains a counter of note within the FTSE Russell FTSE4Good Bursa Malaysia (F4GBM) Index as well as the MSCI indices in Malaysia.
This marks its third year as a constituent in the FTSE Russell FTSE4Good Bursa Malaysia (F4GBM) Index following the bi-annual review in December 2021, representing one of 80 leading Malaysian public-listed companies that demonstrate strong environmental, social and governance (ESG) practices and performance. With the latest review, Carlsberg Malaysia will be the only brewer among the F4GBM constituents with effect on 20 December 2021.