WTK Holdings Bhd

WTK Holdings Bhd operates large-scale logging and oil palm plantation businesses in Sarawak, Malaysia, and Papua New Guinea. The company's operations have been linked to severe environmental damage, including deforestation and habitat destruction in tropical rainforests. This pattern of ecological harm led the Norwegian Government Pension Fund Global to exclude the company in 2013, citing an "unacceptable risk of severe environmental damage."

The Council on Ethics for the fund specifically assessed WTK's logging operations, finding documented evidence of environmental destruction that rendered land unsuitable for future use. While some engagement reports from 2021 note that specific allegations regarding violations in Papua New Guinea were considered no longer current, the fund's exclusion based on the company's historical and systemic impact remains in place. The company has publicly referenced efforts to reduce its environmental footprint, but its core business model continues to involve large-scale land conversion for plantations.