Golden Agri Resources
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Owned |
IDN |
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Palm oil
The world's second largest palm oil plantation company with a total planted area of 443,500 hectares (including smallholders) as at 31 March 2011, located in Indonesia. It has 34 palm oil processing mills, 3 refineries, and 6 kernel crushing plants in Indonesia. Founded in 1996. Listed on the Singapore stock exchange and incorporated in the tax haven of the Republic of Mauritius. Almost 50% owned by Sinar Mas.
Company Ownership
Golden Agri Resources Ltd | SGP | website | ||||
Flambo International Ltd ![]() owns 50% of Golden Agri Resources Ltd |
VGB | |||||
Investment company Owned by the Widjaja Family, who own Sinar Mas. Owns 49.6% of Golden Agri-Resources, the world's second largest palm oil plantation company. | ||||||
Sinar Mas Group ![]() owns 100% of Flambo International Ltd |
IDN | website | ||||
Pulp & paper, food, agri-business & financial services This Indonesian conglomerate has extensive interests in both the palm oil and pulp and paper sectors. It is Indonesia's largest palm oil producer and the second-largest globally. Controlled by the family of Indonesian tycoon Eka Tjpta Widjaja. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Golden Agri Resources Ltd | ||||
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of B.
Source: CDP (2022) |
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of C.
Source: CDP (2022)
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of C.
Source: CDP (2022)
The 2021 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #111/350, with a total score of 26.4/100.
Source: World Benchmarking Alliance (2021)
This company received an S&P Global ESG Score of 47/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
This company is listed on the Facing Finance website as a company that manufactures weapons or profits from violations of human rights, pollution, corruption, or international law. Follow link for further details.
Source: Facing Finance (2014)
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. Banktrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. BankTrack also has profiles on companies, such as this one, which have been the subject of civil society campaigns for damaging the environment or society. Follow the link to see this company's profile.
Source: BankTrack (2018) |
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Flambo International Ltd | ||||
This company is incorporated in the British Virgin Islands, a known tax haven.
Source: Greenpeace (2010) |
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Sinar Mas Group | ||||
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 31%.
Source: Forest 500 (2022) |
A 2008 report on the sustainability claims of Malaysia's palm oil lobby, with a special focus on the state of sarawak.
Source: FOE (2008)
Criticisms in this Greenpeace report include illegal logging, large-scale deforestation and expansion of palm oil plantations into previously forested areas. [Listed under Information due to age of report]
Source: Greenpeace (2008)
This Greenpeace report reveals how Sinar Mas is engaged in clearing rainforests and destroying peatlands. The group also has significant interests in palm oil and coal mining, amongst other sectors.
Source: Greenpeace (2010)
This company appeared ninth on RepRisk's top ten "most environmentally and socially controversial companies of 2010". Companies on the list were severely criticised during 2010 by the world's media, governments and NGOs. Criticisms of Sinar Mas include excessive deforestation to make way for palm oil production in Indonesia, destroying the habitats of endangered orangutans and Sumatran tigers, illegally burning forests, damaging rivers and fish stocks, destroying indigenous ways of life, and creating social conflict through land rights and resources disputes. [Listed under Information due to age of report]
Source: RepRisk (2010)
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. Banktrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. BankTrack also has profiles on companies, such as this one, which have been the subject of civil society campaigns for damaging the environment or society. Follow the link to see this company's profile.
Source: BankTrack (2018) |
Company Details
Type | Listed public company |
Contact Details
Address | Singapore, Singapore |
Website | www.goldenagri.com.sg |