KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has been included in the FTSE Russell FTSE4Good Bursa Malaysia (F4GBM) Index as it demonstrated a class-leading commitment to responsible business practices and inclusive disclosure on environmental, social and governance (ESG) matters.
The company said on Monday its inclusion in the index, effective June 24, followed Bursa Malaysia Bhd’s bi-annual review which concluded in June.
Carlsberg Malaysia is the only brewer and one of three fast-moving consumer goods (FMCG) companies included in the F4GBM index.
Its managing director Ted Akiskalos said Carlsberg Malaysia's inclusion in the F4GBM index is a humbling encouragement of its ongoing efforts toward responsible business practices.
“While we want to remain attractive to our shareholders through consistent growth in top- and bottom-line performance, we are also grateful for the endorsement from the investment community that acknowledges our efforts in sustainability and sound corporate governance, ” he added.
Akiskalos said as a brewer with rich heritage and footprint here in Malaysia, Carlsberg Malaysia remains true to its purpose of Brewing for a Better Today and Tomorrow for 50 years and counting.
“This is reflected in our constant pursuit of better in our products and day-to-day operations, as well as in the value we strive to create for shareholders, consumers, business partners, employees and members of the public in a sustainable manner, ” it said.
Carlsberg Malaysia’s ESG initiatives are aligned with the Carlsberg Group’s global sustainability ambitions encapsulated in Together Towards ZERO, a groupwide set of targets aimed at addressing the Group’s four focus areas of carbon footprint, water usage, responsible drinking, and workplace accidents.
These ambitious are closely linked to the United Nations’ Sustainable Development Goals (UN SDGs) with key milestones in 2022 and 2030.
Carlsberg Malaysia also saw a record-breaking 2018 financial year with a total dividend payment amounting to 100 sen per ordinary share, a result of revenue growing 14.6% to RM1.98 bil year-on-year. net profit increasing by 25.3% to RM277.2mil, and improved free cash flow by 7.4% to RM328mil.
As for the FTSE4Good Index Series, the index is created by the global index provider FTSE Russell and is designed to measure the performance of companies demonstrating strong ESG practices.
Globally, the FTSE4Good indices are used by a variety of market participants and investors to create and assess responsible investment funds and other products.
In Malaysia, F4GBM was launched in December 2014 and its constituents are drawn from companies on the FTSE Bursa Malaysia EMAS Index across small, medium and large market capitalisation segments.
The index is reviewed in June and December by Bursa Malaysia against globally recognised international benchmarks developed in collaboration with FTSE Russell.