SHAH ALAM, 24 April 2026 – Carlsberg Brewery Malaysia Berhad (The Group) has released its Integrated Annual Report (IAR) for the financial year 2025, reaffirming its commitment to sustainable shareholder value creation and strong corporate governance. The alignment with National Sustainability Reporting Framework (NSRF) and adoption of International Sustainability Standards Board (ISSB) reflects the Group’s intent to move beyond disclosure for compliance to addressing investors growing demand for consistent and reliable sustainability data. 

The IAR 2025 reported on the Group’s approach in leveraging data-driven sustainability and climate insights into identification of key material risks from its annual materiality review.  The brewer is guided by its sustainability ambition to safeguard its licence to operate and achieve zero carbon emission within the brewery operations by 2032, amid rising energy costs, increasing regulatory scrutiny and more frequent extreme weather events. Three material matters were prioritised: Responsible Drinking & Marketing and Energy Management under the IFRS S1 (General Requirements for Disclosure of Sustainability‑related Financial Information), and its efforts to improve Climate Resilience under IFRS S2 (Climate‑related Disclosures). It is a step change in how the Group mitigates risks and optimises opportunities, strengthening operational resilience and future-proofing the business. 

Under IFRS S2, climate risk assessments identified exposure to energy price volatility, carbon‑related transition risks and physical risks linked to increased rainfall intensity and water availability. These assessments guided operational actions during the year, including higher energy efficiency management, the transition to Malaysia Renewable Energy Certificates (M‑RECs) from I-REC, which resulted in savings of RM0.18 million, exploration on biomass energy as an alternate source to natural gas, and the feasibility study of Solar Power Purchase Agreements. 

Together, these initiatives supported the Group’s decarbonisation pathway while helping to reduce exposure to long‑term energy cost volatility. The Group also strengthened climate‑resilience measures at its brewery to mitigate potential disruption risks arising from heavier rainfall patterns, reinforcing asset protection and business continuity planning. 

The Group also highlighted the importance of responsible drinking and marketing as IFRS S1 to address integrity and compliance risks associated with operating in a tightly regulated industry. During the year, the Group reinforced strict marketing governance, enhanced brand safety controls and compliance with local advertising standards, reaffirming its decade‑long #CELEBRATERESPONSIBLY commitments. A total of RM6.73 million was spent on responsible drinking, sales and marketing efforts, through packaging, point-of-sales materials, consumer-facing events and strategic partnerships, to mitigate every possible reputational risk of non-compliance.

On the governance front, Carlsberg Malaysia became the first Carlsberg market globally and the first local beverage manufacturing company certified by SIRIM QAS International to attain ISO 37001:2025 Anti‑Bribery Management System certification. The upgraded standard places greater emphasis on Board oversight and integrity risk management, reflecting heightened expectations on corporate conduct and accountability.

The Group’s efforts in overall sustainability performance were recognised through multiple awards and external benchmarks during the year, including being named the Highest Return on Equity at The Edge Billion Ringgit Club Awards for the sixth consecutive year, and achieving an improved FTSE4Good Bursa Malaysia score of 3.8. Another notable achievement is Carlsberg Malaysia’s improved MSCI ESG rating, moving from AA to AAA.

Managing Director of Carlsberg Malaysia, Stefano Clini said, “Despite a challenging operating environment in 2025, we delivered a resilient performance, continuing its six‑year track record of profitability through disciplined execution of our Accelerate SAIL strategy and our sustained focus on premiumisation, innovation and operational efficiency.”

“In 2025, the adoption of IFRS S1 and S2 marked an important step in how we integrate sustainability risks and opportunities with everyday business decision-making. By strengthening climate, energy and governance disciplines, we are better positioned to manage uncertainties and remain focused on creating sustainable value while strengthening climate resilience,” Clini added.

In March this year, Carlsberg Malaysia launched its refreshed sustainability strategy – Brewing Tomorrow, focusing on four pillars: Cutting Carbon, Protecting Nature, Empowering People and Inspiring Choice. Brewing Tomorrow reflects a renewed, science-backed ambition to reduce the Group’s impact on people and the planet.

Click here to access the interactive Carlsberg Brewery Malaysia Berhad Integrated Annual Report 2025:
ir.carlsbergmalaysia.com.my/media/z0hluact/interactive-cbmb_iar2025.pdf