WILMAR INTERNATIONAL LTD
F34
Consumer Staples
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Wilmar International, the world's largest palm oil trader, has been repeatedly linked to deforestation and peatland destruction despite its 2013 "No Deforestation, No Peat, No Exploitation" policy. Reports from Greenpeace, Global Witness, and others document ongoing violations by its suppliers and affiliates, indicating systemic failures in enforcement. The company's 2022 commitment to the Science Based Targets initiative follows over a decade of documented non-compliance with its own environmental pledges, a pattern that aligns with greenwashing by setting long-term targets while failing to control ongoing deforestation in its supply chain.
Research Sources
1 organization
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.