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Golden Agri-Resources

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Golden-Agri Resources (GAR)
SGX : E5H
Founded 1987 ; 37 years ago  ( 1987 )
Headquarters Singapore
Key people
Franky Widjaja (Director and President)
Number of employees
170,700 (2017)  Edit this on Wikidata

Golden-Agri Resources (GAR) is a Singaporean palm oil company, listed on the Singapore Stock Exchange since 1999. [1] In May 2015, its market capitalization was $4.1 billion. [2] 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 [ edit ]

[3] [4] According to Greenpeace , GAR has six concessions on peatlands in Riau , with an estimated total area of 20,000 hectares. [5] 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. [6] Greenpeace also discovered 322 hotspots on five to GAR's concessions in Central Kalimantan. [7] GAR denied these accusations and said to have a zero-burning policy since 1997. [8] Interviews with senior officers revealed evidence to the contrary. [9] In about 2010, companies such as Burger King , Unilever and Nestle cancelled their supplier contracts with Singapore-listed GAR subsidiaries due to unsustainable farming practices. [10] 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. [11]

References [ edit ]

  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 [ edit ]


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