RISK MANAGEMENT

In delivering our strategy, we aim to manage risks in a way that minimises potential threats while supporting sustainable growth. As with any business, we face a number of risks and uncertainties that may have both short- and long-term implications for the Carlsberg Malaysia Group. Our risk management approach is to understand and manage these risks effectively while also enabling us to leverage opportunities in the market.

The management assesses each risk based on its probability of occurrence and impact, guiding the formulation of appropriate mitigating activities. Our aim is to mitigate risks that impact our strategic objectives, while also managing our risk appetite to ensure sustainable shareholder value. In practice, new or emerging risks are proposed by the risk owner in quarterly meetings led the Managing Director.

The following are four key risks we have identified in 2025 and their corresponding mitigation measures.

OPPORTUNITIES

In line with our Accelerate SAIL strategy, the management constantly reviews market dynamics and conducts market research to tap into opportunities for growth. We are guided by our strategic priorities to innovate our brewing capabilities and expand our portfolio, while also tapping into climate-related opportunities to meet our carbon-neutral targets.