Misplaced Pages

Golden Agri-Resources

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Singaporean palm oil company

Golden-Agri Resources
Company typePublic
Traded asSGX: E5H
Founded1987; 38 years ago (1987)
HeadquartersSingapore
Key peopleFranky Widjaja (Director and president)
Number of employees170,700 (2017) Edit this on Wikidata

Golden-Agri Resources (GAR) is a Singaporean palm oil company, listed on the Singapore Stock Exchange since 1999. In May 2015, its market capitalization was $4.1 billion. Franky Widjaja, of the Sinar Mas family is its CEO. Alnoor is a subsidiary of GAR. Lew Syn Pau used to serve as a member of the Singaporean Parliament for 13 years and is a member of the board of directors of the firm.

Criticism of environmental record

According to Greenpeace, GAR has six concessions on peatlands in Riau, with an estimated total area of 20,000 hectares. GAR was reported to have 1,880 hectares of peat in Central Kalimantan and 1,330 hectares in West Kalimantan, while claiming a zero-deforestation footprint. Greenpeace also discovered 322 hotspots on five to GAR's concessions in Central Kalimantan. GAR denied these accusations and said to have a zero-burning policy since 1997. Interviews with senior officers revealed evidence to the contrary. In about 2010, companies such as Burger King, Unilever and Nestlé cancelled their supplier contracts with Singapore-listed GAR subsidiaries due to unsustainable farming practices. Golden owns a subsidiary in Liberia called Golden Veroleum, which in 2018 was removed from the Roundtable on Sustainable Palm Oil for alleged land acquisition violations.

References

  1. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 101
  2. "Company: Golden Agri-Resources". forbes.com. Retrieved 30 May 2016.
  3. "Golden Agri-Resources: About Us". goldenagri.com.sg. Archived from the original on 30 June 2016. Retrieved 30 May 2016.
  4. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 90
  5. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 131
  6. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 132
  7. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
  8. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
  9. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
  10. Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 97
  11. Giahyue, James (21 July 2018). "Liberia's biggest palm oil project quits eco-certification scheme". Reuters. Retrieved 17 February 2020.

External links

Palm oil
Oil palms
Diseases and
pests
Components
Processes
Products
Organisations
Producers
Buyers / processors
Governmental /
non-governmental
Policies, impacts
and debates
By country
Singapore Selected FTSE STI companies of Singapore
Current
Previous
correct as of 3 January 2022


Stub icon

This Singaporean corporation or company article is a stub. You can help Misplaced Pages by expanding it.

Categories: