KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has once again clinched the top spot for the highest return-on-equity (ROE) over three years within the Consumers Products & Services category at the 14th edition of the The Edge Billion Ringgit Club (BRC) Awards.
The accolade, which is the brewer’s fourth consecutive win, is testament to Carlsberg’s commitment to delivering long-term sustainable growth and shareholder value. According to its 2022 Annual Report, the brewer has reported a return on shareholders’ funds of 181.1% in 2022, 107.9% in 2021 and 105.1% in 2020, respectively.
“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,” said Carlsberg managing director Stefano Clini (pix) today.
Carlsberg’s market capitalisation as at Dec 31, 2022 was RM7 billion 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 March 31, 2023.
No stranger to the BRC Awards, this is the sixth award for the brewer. Carlsberg has also won the Best Corporate Responsibility Award for public-listed companies under RM10 billion market capitalisation in 2019 and 2014.
Carlsberg’s transparency and action on climate remains with a rating of “A” by the Carbon Disclosure Project and its resilience to long-term ESG risks remain rated at “AA” by the Morgan Stanley Capital International in a recent review.
