First Pacific
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N/A |
Investment management and holding company
Founded in Hong Kong in 1981 by Sudono Salim. Their principal business interests relate to telecommunications, infrastructure, consumer food products and natural resources. Part of the Salim Group, Indonesia's largest conglomerate, who owns major palm oil plantations and logging concessions.
Company Ownership
First Pacific Company Ltd | HKG | website | ||||
Salim Group
owns 45% of First Pacific Company Ltd |
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Conglomerate Indonesia's largest conglomerate, founded in 1972 by Sudono Salim, who had close ties to former Indonesian president Suharto. Assets include Infofood, major palm oil plantations and logging concessions, property development and First Pacific, the previous joint owner of Goodman Fielder. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
First Pacific Company Ltd | ||||
A 2018 report by Rainforest Action Network and SumOfUs uncovers one of the largest cases of illegal rainforest clearance in Borneo for palm oil development. Two palm oil plantation companies are responsible for the clearance, and both are controlled by or associated with business tycoon Mr. Anthoni Salim. Mr. Salim heads Indonesia's largest conglomerate, The Salim Group and is Chairman of First Pacific.
Source: RAN (2018)
In 2021, 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 D.
Source: CDP (2021) |
First Pacific owns 31% of Philex Mining Coporation, a Philippine-listed company engaged in the exploration and mining of mineral resources and, through a listed subsidiary Philex Petroleum Corporation, in oil and gas exploration. First Pacific also holds investments in a gas-fired power plant in Singapore, and a bioethanol producer in the Philippines.
Source: company website (2014) |
Company Details
Type | Public company |
Contact Details
Address | Hong Kong (China) |
Website | www.firstpacific.com |