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  • About this company:

    Founded in 194 and headquartered in Malaysia, WTK

  • Market cap:
    47,781,753 USD
  • Thomson Reuters ticker:
    WTKH.KL
  • Bloomberg ticker:
    WTKH MK Equity
  • Website:
  • Media Monitor
    • ZSL's SPOTT team monitors international media for news on assessed companies, collecting articles about pertinent activities. They don't confirm the accuracy of the media coverage, but it can be leveraged by SPOTT users to gain insights into a company's operations and possible risks. To access this company's media reports, scroll down or click here.

Company assessment: WTK Holdings – August 2023

Assessment date:

Score by disclosure type:

Total: 26.6% 46 / 173
  • Organisation: 11 / 38 29%
  • Policy: 19 / 77 24.7%
  • Practice: 16 / 58 27.6%
  • Self-reported: 3.8 / 58 6.5%
  • External: 3 / 58 5.2%
  • Certified: 9.3 / 58 16%
  • Sustainability policy and leadership Sustainability policy and leadership
    6.5 / 12 54.2%
    • Organisation: 5 / 6 83.3%
    • Policy: 1 / 2 50%
    • Practice: 0.5 / 4 12.5%
    • Self-reported: 0.5 / 4 12.5%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • Y
      1 / 1

      1. Sustainable forestry policy or commitment for all its operations?

      The company reports a sustainable management policy.

    • N
      0 / 1

      2. Sustainable forestry policy or commitment applies to all suppliers?

    • Y
      1 / 1

      3. High-level position of responsibility for sustainability?

      The company has a Board Risk Management Committee ('BRMC') which is supported by a Group Sustainability Committee ('GSC') headed by the Managing Director. Other members of the GSC include executive directors, the chief financial officer, and key personnel from various operating units.

    • Y
      1 / 1

      4. One or more members within the board of the company have responsibility for sustainability?

      The company has a 'Group Sustainability Committee (GSC)' which is headed by the 'Managing Director' (member of the board).

    • Y
      1 / 1

      5. Percentage or number of women in senior management team?

      0 - The company reports it has two members as a part of its key senior management team, both male.

    • Y
      1 / 1

      6. Percentage or number of women board members?

      2 - The company currently has two (2) female directors and five (5) male directors.

    • N
      0 / 1

      7. Member of multiple industry schemes or other external initiatives to reduce negative environmental or social outcomes associated with timber and pulp production?

    • P
      0.5 / 1

      8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with timber and pulp production?

      The company reports its engagement approach with different stakeholder groups along with area of interest, however, does not report actions taken (or planned) to reduce negative environmental or social outcomes.

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      The company published an integrated annual sustainability report in 2023 covering the year 2022.

    • N
      0 / 1

      10. Reports through standardised reporting systems?

    • N
      0 / 1

      11. Climate risks assessment available?

    • N
      0 / 1

      12. Natural capital assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    5.75 / 24 24%
    • Organisation: 4.5 / 19 23.7%
    • Policy: 0.5 / 2 25%
    • Practice: 0.8 / 3 25%
    • Self-reported: 0 / 3 0%
    • External: 0.8 / 3 25%
    • Certified: 0 / 3 0%
    • Y
      1 / 1

      13. Lists countries and operations?

      Malaysia (Sarawak)- timber concessions, and timber processing operations.

    • N
      0 / 1

      14. Lists countries sourcing from?

    • P
      0.5 / 1

      15. Total land area managed/controlled for forestry (ha)?

      462000 - The company reports it has seven logging licenses with concession areas of approximately 400,000 ha and two licenses for planted forests (LPFs) with concession areas of approximately 62,000 ha. Approximate figures are reported by the company.

    • N
      0 / 1

      16. Total area of natural forest designated for wood/wood fibre production (ha)?

      0

    • P
      0.5 / 1

      17. Total area of forest plantation (ha)?

      62000 - The company reports it has two licenses for planted forests (LPFs) with concession areas of approximately 62,000 ha. However, approximate figures are reported and it is unclear if all of this area is dedicated to wood production.

    • N
      0 / 1

      18. Area of plantation/natural forest within outgrower schemes (ha)?

      0

    • N
      0 / 1

      19. Unplanted (areas designated for future development as plantation forest) (ha)?

      0

    • N
      0 / 1

      20. Conservation set-aside area, including HCV area (ha)?

      0

    • N
      0 / 1

      21. Area of Intact Forest Landscape (ha)?

      0

    • P
      0.5 / 1

      22. Number of Forest Management Units (FMUs)?

      18 - Global Forest Watch data reports information on 10 licenses for Planted Forests (LPFs) and 8 logging concessions of the company. However, it is unclear if this covers all operations.

    • P
      0.5 / 1

      23. Maps of forest management units (FMUs)?

      Global Forest Watch data reports information on maps of 10 licenses for Planted Forests (LPFs) and 8 logging concessions of the company. However, it is unclear if this covers all operations.

    • P
      0.5 / 1

      24. Forest management plans available for all FMUs?

      FM plans are available for only some FMUs.

    • P
      0.75 / 1

      25. Monitoring of forest management plan implementation available?

      [Externally verified] Monitoring of forest management plan implementation is available for only one FMU of the company. This document is externally verified by PEFC and SIRIM.

    • 26. Company has provided valid legal documents to Open Timber Portal on use right (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 27. Company has provided valid legal documents to Open Timber Portal on forest management (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 28. Company has provided valid legal documents to Open Timber Portal on timber harvesting (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      29. Names and locations of all third-party supplying FMUs?

    • Y
      1 / 1

      30. Number of company owned sawmills?

      4 - The company reports information on four sawmills within its list of properties in 2022.

    • N
      0 / 1

      31. Names and locations of company owned sawmills?

    • 32. Number of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 33. Names and locations of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      34. Reports total volumes (or percentages) sourced by company-owned sawmills that come from company's own operations and third-parties?

    • 35. Reports total volumes (or percentages) sourced by company-owned pulp and paper mills that come from company's own operations and third-parties?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      36. Number of third party supplying mills?

    • N
      0 / 1

      37. Names and locations of all third party supplying mills?

    • N
      0 / 1

      38. Reports total volume (or percentages) sourced from third-party supplying mills that come from the supplying mills' own operations and third parties?

    • P
      0.5 / 1

      39. Procedures to trace raw materials to country of harvest?

      The company reports that its timber harvesting and plywood manufacturing operations comply with the Sarawak Timber Legality Verification System ('STLVS') and that it has achieved 100% traceability of the supply of logs, from the various licensed areas to the plywood mills of the company's downstream operations. However, it is unclear if the licensed area refers to the company's own operations or that of third-party suppliers.

    • N
      0 / 1

      40. Percentage of supply traceable to country of harvest?

      The company reports that the production of logs from its upstream logging operations is 100% traceable to known legal sources and this was then translated into 100% traceability of the supply of logs, from the various licensed areas to the plywood mills of the company's downstream operations. However, it is unclear if this traceability percentage covers the company's own licensed estates or those of third parties.

    • N
      0 / 1

      41. Procedures to trace raw materials to FMU level?

    • N
      0 / 1

      42. Percentage of supply traceable to FMU level?

  • Certification standards Certification standards
    1 / 9 11.1%
    • Organisation: 0 / 0 0%
    • Policy: 1 / 4 25%
    • Practice: 0 / 5 0%
    • Self-reported: 0 / 5 0%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • Y
      1 / 1

      43. Time-bound plan for achieving 100% third-party legality verification of FMUs or achieved?

      The company obtained the Forest Management Certification under the Malaysian Timber Certification Scheme (endorsed by the PEFC) for its FMU- Entulu - Melatai in the year 2020 and for FMU- Mengiong-Gaat in November 2022. The company also reports that its timber harvesting and plywood manufacturing operations comply with the Sarawak Timber Legality Verification System ('STLVS') certification by the Sarawak State Government.

    • N
      0 / 1

      44. Percentage area (ha) verified as being in legal compliance by a third party?

      The company has 55,112 ha of land certified under PEFC FM for its FMU- Entulu-Melatai and 36,091 ha for its FMU-Mengiong-Gaat. However, the company reports approximate figures on its total landbank figures due to which the percentage of area certified by PEFC cannot be calculated.

    • N
      0 / 1

      45. Time-bound plan to source only wood/wood fibre that is in legal compliance verified by a third party?

    • N
      0 / 1

      46. Percentage of all wood/wood fibre supply traded/processed verified as being in legal compliance by a third party?

    • N
      0 / 1

      47. Percentage area (ha) FSC FM certified?

    • N
      0 / 1

      48. Time-bound plan for achieving 100% FSC FM certification of FMUs within 10 years?

    • N
      0 / 1

      49. Percentage of wood/wood fibre supply (tonnes) from all suppliers that comes from FSC FM certified areas?

    • N
      0 / 1

      50. Commitment to source only wood/wood fibre that meets FSC Controlled Wood and/or PEFC Controlled Sources requirements?

    • N
      0 / 1

      51. Percentage area (ha) PEFC certified (excluding FSC certified area)?

      91203 - The company has 55,112 ha of land certified under PEFC FM for its FMU- Entulu-Melatai and 36,091 ha for its FMU-Mengiong-Gaat. However, the company reports approximate figures on its total landbank figures due to which the percentage of area certified by PEFC cannot be calculated.

  • Deforestation and biodiversity Deforestation and biodiversity
    4.5 / 26 17.3%
    • Organisation: 0 / 2 0%
    • Policy: 1 / 16 6.3%
    • Practice: 3.5 / 8 43.8%
    • Self-reported: 0 / 8 0%
    • External: 1.5 / 8 18.8%
    • Certified: 2 / 8 25%
    • N
      0 / 1

      52. Commitment to zero conversion of natural ecosystems?

    • N
      0 / 1

      53. Commitment to zero conversion of natural ecosystems applies to all suppliers?

    • N
      0 / 1

      54. Commitment to zero deforestation?

    • N
      0 / 1

      55. Commitment to zero deforestation applies to all suppliers?

    • N
      0 / 1

      56. Criteria and cut-off date for defining deforestation and/or ecosystem conversion?

      The company only reports that as part of its effort to protect the identified HCV areas, these HCV areas are maintained from development. However, more clear criteria and cut-off date for defining deforestation are not reported by the company.

    • N
      0 / 1

      57. Criteria and cut-off date for defining deforestation in supplier operations?

    • N
      0 / 1

      58. Evidence of monitoring deforestation and/or ecosystem conversion?

    • N
      0 / 1

      59. Evidence of monitoring deforestation and/or ecosystem conversion in supplier operations?

    • N
      0 / 1

      60. Amount of deforestation and/or ecosystem conversion recorded in own operations since cut-off date?

    • N
      0 / 1

      61. Amount of deforestation and/or ecosystem conversion recorded in supplier operations since cut-off date?

    • N
      0 / 1

      62. Commitment to restoration of deforestation/conversion in own operations since cut-off date?

    • N
      0 / 1

      63. Commitment to restoration of deforestation/conversion in supplier operations since cut-off date?

    • P
      0.75 / 1

      64. Implementing a landscape or jurisdictional level approach?

      [Externally verified] Points for external verification have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018). As the Standard does not fully meet the SPOTT indicator criteria limited, externally verified points have therefore been awarded.

    • P
      0.5 / 1

      65. Biodiversity policy?

      The company reports a clear scope on protecting biodiversity, however, no measurable time-bound target or commitment is reported.

    • N
      0 / 1

      66. Biodiversity policy applies to all suppliers?

    • P
      0.75 / 1

      67. Identified species of conservation concern, referencing international or national system of species classification?

      [Externally verified] Limited, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements do not fully meet the SPOTT indicator criteria.

    • Y
      1 / 2

      68. Examples of species and/or habitat conservation management?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • P
      0.5 / 1

      69. Commitment to no hunting or only sustainable hunting of species?

      The company reports enforcing a 'no hunting policy', however, a clear commitment to no hunting of all species is not reported by the company.

    • N
      0 / 1

      70. Commitment to no hunting or only sustainable hunting of species applies to all suppliers?

    • N
      0 / 1

      71. Commitment to protect forest areas from illegal activities?

    • N
      0 / 1

      72. Commitment to protect forest areas from illegal activities applies to all suppliers?

    • Y
      1 / 2

      73. Evidence of protecting forest areas from illegal activities?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated. The company's own reporting only mentions carrying out security patrolling and periodic monitoring to control illegal hunting.

    • N
      0 / 1

      74. Commitment to no use of genetically modified organisms?

    • N
      0 / 1

      75. Commitment to no use of genetically modified organisms applies to all suppliers?

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    3.5 / 11 31.8%
    • Organisation: 0 / 0 0%
    • Policy: 2 / 6 33.3%
    • Practice: 1.5 / 5 30%
    • Self-reported: 1.5 / 5 30%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • Y
      1 / 1

      76. Commitment to conduct High Conservation Value (HCV) assessments?

      The company commits to conduct HCV assessments.

    • N
      0 / 1

      77. Commitment to conduct High Conservation Value (HCV) assessments applies to all suppliers?

    • P
      0.5 / 1

      78. High Conservation Value (HCV) assessments available?

      The HCV summaries are only available for some FMUs of the company.

    • P
      0.5 / 1

      79. High Conservation Value (HCV) management and monitoring plans available?

      Summaries of management and monitoring recommendations for HCV areas of some FMUs of the company are available.

    • N
      0 / 1

      80. Commitment to the High Carbon Stock (HCS) Approach?

    • N
      0 / 1

      81. Commitment to the High Carbon Stock (HCS) Approach applies to all suppliers?

    • N
      0 / 1

      82. High Carbon Stock (HCS) assessments available?

    • N
      0 / 1

      83. Peer review of all High Carbon Stock (HCS) assessments undertaken since April 2015 by the HCSA Quality Assurance Process?

    • Y
      1 / 1

      84. Commitment to conduct social and environmental impact assessments (SEIAs)?

      The company commits to conduct social and environmental impact assessments.

    • N
      0 / 1

      85. Commitment to conduct social and environmental impact assessments (SEIAs) applies to all suppliers?

    • P
      0.5 / 1

      86. Social and environmental impact assessments (SEIAs) available, and associated management and monitoring plans?

      The SEIAs for three FMUs of the company are publicly available, however, with very limited or no details on management and monitoring plans.

    • 87. Company has provided valid legal documents to Open Timber Portal on impact assessments (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

  • Soils, fire and GHG emissions Soils, fire and GHG emissions
    5 / 23 21.7%
    • Organisation: 0.5 / 5 10%
    • Policy: 2 / 10 20%
    • Practice: 2.5 / 8 31.3%
    • Self-reported: 0 / 8 0%
    • External: 0 / 8 0%
    • Certified: 2.5 / 8 31.3%
    • N
      0 / 1

      88. Commitment to no planting on peat of any depth?

    • N
      0 / 1

      89. Commitment to no planting on peat of any depth applies to all suppliers?

    • N
      0 / 1

      90. Landbank or planted area on peat (ha)?

    • N
      0 / 1

      91. Implementation of commitment to no planting on peat of any depth?

    • P
      0.5 / 1

      92. Commitment to best management practices for soils and peat?

      The company commits to best management practices for peat only. Also, this commitment does not cover all operations of the company.

    • N
      0 / 1

      93. Commitment to best management practices for soils and peat applies to all suppliers?

    • P
      0.75 / 2

      94. Evidence of best management practices for soils and peat?

      Limited, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements do not fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • P
      0.5 / 1

      95. Commitment to reduced impact logging?

      The company reports conducting training programs on Reduced Impact Logging Plan (RILP) in 2022, however, does not report a clear commitment to reduced impact logging.

    • N
      0 / 1

      96. Commitment to reduced impact logging applies to all suppliers?

    • P
      0.75 / 2

      97. Evidence of implementing reduced impact logging practices?

      Limited, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements do not fully meet the SPOTT indicator criteria.

    • Y
      1 / 1

      98. Commitment to zero burning?

      The company commits to zero burning.

    • N
      0 / 1

      99. Commitment to zero burning applies to all suppliers?

    • Y
      1 / 2

      100. Evidence of fire monitoring and management?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • P
      0.5 / 1

      101. Details/number of hotspots/fires in company FMUs?

      0 (0%) - The company reports that no open burning occurred in 2022 in the areas owned and operated by the company.

    • N
      0 / 1

      102. Details/number of hotspots/fires in suppliers operations?

    • N
      0 / 1

      103. Time-bound commitment to reduce greenhouse gas (GHG) emissions intensity?

    • N
      0 / 1

      104. GHG emissions intensity?

    • N
      0 / 1

      105. GHG emissions from land use change in company's own operations (scope 1)?

    • (NEW: not scored this year) N
      -

      106. GHG emissions from land use change in supplier operations (scope 3)?

    • N
      0 / 1

      107. Progress towards commitment to reduce GHG emissions intensity?

    • N
      0 / 1

      108. Methodology used to calculate GHG emissions?

  • Water, chemical and pest management Water, chemical and pest management
    5.5 / 16 34.4%
    • Organisation: 0 / 1 0%
    • Policy: 2 / 7 28.6%
    • Practice: 3.5 / 8 43.8%
    • Self-reported: 0.5 / 8 6.3%
    • External: 0.8 / 8 9.4%
    • Certified: 2.3 / 8 28.1%
    • 109. Time-bound commitment to improve water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 110. Water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 111. Progress towards commitment on water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 112. Time-bound commitment to improve water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 113. Progress towards commitment on water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 114. Treatment of pulp and paper mill effluent?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • P
      0.5 / 1

      115. Evidence of sawmill run-off containment and wastewater treatment?

      The company only has a wastewater treatment process in place for its sawmill operations.

    • 116. Proportion of processing facilities with closed-loop water treatment system?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • Y
      1 / 1

      117. Commitment to protect natural waterways through buffer zones?

      The company commits to protect natural waterways using buffer zones.

    • P
      0.75 / 2

      118. Implementation of commitment to protect natural waterways through buffer zones?

      Limited, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements do not fully meet the SPOTT indicator criteria.

    • Y
      1 / 1

      119. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?

      The company reports that all of its group operations are bound by a high standard in the usage of fertilisers, weedicides, and pesticides with the ultimate aim of reducing chemical usage by substituting harmful substances with organic fertilisers and integrated pest management systems.

    • N
      0 / 1

      120. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers, applies to all suppliers?

    • 121. Evidence of eliminating chlorine and chlorine compounds for bleaching?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      122. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • N
      0 / 1

      123. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides applies to all suppliers?

    • N
      0 / 1

      124. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • N
      0 / 1

      125. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention applies to all suppliers?

    • N
      0 / 1

      126. Chemical usage per ha or list of chemicals used?

    • P
      0.5 / 2

      127. Implementation of commitment to minimise inorganic fertiliser usage?

      The company only mentions that in its effort to uphold a sustainable planting culture, it has scaled down its reliance on fertilisers, pesticides, and herbicides. However, figures for reduction are not reported by the company and the information is over two years old now.

    • Y
      1 / 2

      128. Integrated Pest Management (IPM) approach?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • P
      0.75 / 1

      129. Waste management system in place to avoid negative impacts?

      [Externally verified] Limited, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements do not fully meet the SPOTT indicator criteria. The company also reports having a waste management system in place for all its timber operations. However, the information reported is not externally verified.

  • Community, land and labour rights Community, land and labour rights
    10 / 37 27%
    • Organisation: 1 / 5 20%
    • Policy: 6 / 21 28.6%
    • Practice: 3 / 11 27.3%
    • Self-reported: 0.5 / 11 4.6%
    • External: 0 / 11 0%
    • Certified: 2.5 / 11 22.7%
    • P
      0.5 / 1

      130. Commitment to human rights?

      The company commits to support and respect human rights, however, does not reference the Universal Declaration of Human Rights or its equivalent.

    • N
      0 / 1

      131. Commitment to human rights applies to all suppliers?

    • N
      0 / 1

      132. Progress on human rights commitment ?

    • P
      0.5 / 1

      133. Commitment to respect indigenous and local communities' rights?

      The company commits to respect the customary or native rights of indigenous and local communities and ensures that prior informed consent of local communities is obtained through discussions and negotiations before commencing any new operations.

    • N
      0 / 1

      134. Commitment to indigenous and local communities' rights applies to all suppliers?

    • P
      0.5 / 1

      135. Commitment to respect legal and customary land tenure rights?

      The company commits to respect the customary or native rights of indigenous and local communities and ensures that prior informed consent of local communities is obtained through discussions and negotiations before commencing any new operations.

    • N
      0 / 1

      136. Commitment to legal and customary land rights applies to all suppliers?

    • P
      0.5 / 1

      137. Commitment to free, prior and informed consent (FPIC)?

      The company commits that it ensures that prior informed consent of local communities is obtained through discussions and negotiations before commencing any new operations. However, a clear commitment to free, prior and informed consent (FPIC) is not reported by the company.

    • N
      0 / 1

      138. Commitment to free, prior and informed consent (FPIC) applies to all suppliers?

    • N
      0 / 1

      139. Details of free, prior and informed consent (FPIC) process available?

    • N
      0 / 1

      140. Examples of local stakeholder engagement to prevent conflicts?

    • N
      0 / 1

      141. Details of process for addressing land conflicts available?

    • N
      0 / 1

      142. Supports the inclusion of women across forestry operations, including addressing barriers faced?

    • 143. Company has provided valid legal documents to Open Timber Portal on population rights (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      144. Commitment to enable sustainable use of non-timber forest products (NTFPs) by local communities?

    • Y
      1 / 1

      145. Commitment to provide essential community services and facilities ?

      The company reports a commitment to providing essential community services and facilities.

    • P
      0.5 / 2

      146. Progress on commitment to provide essential community services and facilities?

      The company provides a general statement that it supports the local community through donations, aid for local institutions, and infrastructure improvements such as upgrading main roads.

    • Y
      1 / 1

      147. Commitment to provide business/work opportunities for local communities?

      The company reports that it supports local communities by creating more employment opportunities.

    • 148. Company has provided valid legal documents to Open Timber Portal on labour regulations (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      149. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • N
      0 / 1

      150. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to all suppliers?

    • Y
      1 / 2

      151. Progress on commitment to respect all workers' rights?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • Y
      1 / 1

      152. Commitment to eliminate gender related discrimination with regards to employment?

      The company reports a commitment to eliminating gender-related discrimination with regard to employment.

    • N
      0 / 1

      153. Commitment to eliminate gender related discrimination with regards to employment applies to all suppliers?

    • P
      0.5 / 1

      154. Progress on commitment to eliminate gender related discrimination with regards to employment?

      The company reports that there was no incident of discrimination reported for the year 2022.

    • N
      0 / 1

      155. Percentage or number of temporary employees?

    • N
      0 / 1

      156. Percentage or number of women employees?

      The company only mentions that it had an approximately 4:1 men-to-women ratio in the workforce as of 2022. A clear number or percentage of the number of women employees is not reported by the company.

    • P
      0.5 / 1

      157. Commitment to pay a living wage?

      The company reports that it has implemented the minimum wage stipulated by the Malaysian Government and its employees are mainly from Malaysia, Indonesia, and Myanmar, and abide by the minimum wage standard. A clear commitment to pay a living wage is not reported.

    • N
      0 / 1

      158. Commitment to pay a living wage applies to all suplliers?

    • N
      0 / 1

      159. Progress on commitment to pay a living wage?

    • N
      0 / 1

      160. Reporting of salary by gender?

    • P
      0.5 / 1

      161. Commitment to address occupational health and safety?

      The company reports commitment to address occupational health and safety, however, the commitment reported does not reference the ILO Code of Practice on Safety and Health in Forestry Work.

    • N
      0 / 1

      162. Commitment to address occupational health and safety applies to all suppliers?

    • Y
      1 / 2

      163. Provision of personal protective equipment and related training?

      Comprehensive, externally verified points have been awarded on the basis of the company's PEFC FM certification (PEFC ST 1003:2018) as the requirements fully meet the SPOTT indicator criteria. Additional points have not been awarded as the company reports approximate figures on its total landbank due to which the percentage of company landbank certified by PEFC cannot be calculated.

    • N
      0 / 1

      164. Time lost due to work-based injuries?

    • Y
      1 / 1

      165. Number of fatalities as a result of work-based accidents?

      0 - The company reports no fatalities in 2022 across its operations.

  • Smallholders and suppliers Smallholders and suppliers
    0 / 8 0%
    • Organisation: 0 / 0 0%
    • Policy: 0 / 4 0%
    • Practice: 0 / 4 0%
    • Self-reported: 0 / 4 0%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • N
      0 / 1

      166. Commitment to support smallholders?

    • N
      0 / 1

      167. Programme to support outgrower scheme and/or independent smallholders?

    • N
      0 / 1

      168. Number or percentage of outgrower scheme and/or independent smallholders involved in programme?

    • N
      0 / 1

      169. Process used to prioritise, assess and/or engage suppliers on compliance with company's policy and/or legal requirements?

    • N
      0 / 1

      170. Number or percentage of suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?

    • N
      0 / 1

      171. Suspension or exclusion criteria for suppliers?

    • N
      0 / 1

      172. Timebound action plans (including Key Performance Indicators) for suppliers to be in compliance with timber and pulp sourcing commitments?

    • N
      0 / 1

      173. Proportion of direct and indirect supply that comes from FMUs which are compliant with timber and pulp sourcing policies?

  • Governance and grievances Governance and grievances
    4.25 / 7 60.7%
    • Organisation: 0 / 0 0%
    • Policy: 3.5 / 5 70%
    • Practice: 0.8 / 2 37.5%
    • Self-reported: 0.8 / 2 37.5%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      174. Commitment to ethical conduct and prohibition of corruption?

      The company commits to ethical conduct and prohibition of corruption.

    • Y
      1 / 1

      175. Commitment to ethical conduct and prohibition of corruption applies to all suppliers?

      The company commits all suppliers to ethical conduct and prohibition of corruption.

    • P
      0.75 / 1

      176. Progress on commitment to ethical conduct and prohibition of corruption?

      the company reports it has an Anti-Bribery Management System (ABMS) and quarterly risk assessments are in place to evaluate all operations related to corruption, and emerging risks and to develop action plans to mitigate the risk with the guidance from the Board Risk Management Committee. During the year 2022, there were no reported cases of corruption within the company. However, the information reported is not externally verified.

    • 177. Company has provided valid legal documents to Open Timber Portal on legal registration (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      178. Disclosure of the company's management approach to tax and payments to governments?

    • 179. Company has provided valid legal documents to Open Timber Portal on taxes, fees and royalties (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • Y
      1 / 1

      180. Whistleblowing procedure?

      The company has reports a whistleblowing policy wherein it clarifies the company's whistleblowing system, communication channel and processes of ensuring anonymity.

    • P
      0.5 / 1

      181. Own grievance or complaints system open to all stakeholders?

      The company reports that it has a grievance procedure but limited details are provided.

    • N
      0 / 1

      182. Details of complaints and grievances disclosed?

Media monitor: WTK Holdings

SPOTT monitors global media sources for coverage of assessed companies. The media monitor gathers reports about specific activities related to the assessment indicator categories. ZSL does not assess or score the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground. The media monitor undergoes a full update at the time of publishing an assessment round, with ad-hoc updates throughout the year. This is not an exhaustive list of all media reports relevant to the company.

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