WTK HOLDINGS BERHAD
Malaysia | 4243.KL | Main
Reference
Report Year: 2023
Source Files: WTK_AR2023_-_Part_2.md
Sustainability Committee
Sustainability Working Committee (6 pax) 🟢
- 6 CSRS certified 🟢
- Policies formulated 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
WTK Holdings Berhad has initiated comprehensive GHG accounting for 2023, establishing a baseline with 34,917 tCO₂e across Scopes 1, 2, and 3. Scope 1 and 2 data are well-documented, particularly for plantation and palm oil mill operations, with significant contributions from diesel and electricity use. Biogenic emissions are a strength, with 2,054 MWh of electricity generated from biomass, showcasing renewable energy integration. However, Scope 3 emissions dominate due to waste disposal to landfill, highlighting a key area for improvement. The lack of third-party verification and unspecified standards (e.g., GHG Protocol) limits credibility. WTK should prioritize verification, adopt a recognized standard, and reduce landfill waste through enhanced recycling to align with their net-zero goal by 2050.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: 2023 (Baseline) 🟢
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Primary data 🟢
- Third party verification: Not verified ⚠️
Efforts
- Reduced diesel reliance 🟢
- 3% waste reduction 🟢
- Solar lighting adopted 🌞
- Biomass energy use 🌱
Social Highlights
- 3.75 training hours/employee 🟢
- RM266,882 community investment 🥗
- 0 fatalities 🟢
- 2 injury incidents 🟢
- 5 community programs 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiative by WTK Holdings Berhad in their 2023 sustainability report, with a strong foundation in quantifiable metrics such as GHG emissions (34,917 tCO₂e) and waste reduction (3% decrease) 🟢. The integration of biogenic emissions and renewable energy use in operations is a notable strength. Forward-looking commitments, like achieving net-zero by 2050, demonstrate ambition 🟢. However, the report lacks third-party verification for GHG data and does not specify accounting standards, which undermines credibility ⚠️. Additionally, while social impacts (e.g., RM266,882 in community investments) are highlighted, some areas remain generic without deeper measurable outcomes. WTK could enhance their reporting by incorporating external assurance, adopting recognized GHG standards, and providing more detailed progress updates on long-term targets. Overall, the report offers a solid base but would benefit from greater rigor and transparency.
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