Agribusiness, especially palm oil
World's #1 palm oil trader. World's #1 palm biodiesel manufacturer. Asia's largest agri-business group. One of the largest plantation companies in Indonesia/Malaysia. Run by Khoon Hong Kuok. Supplies palm oil to multinational companies such as Unilever, Nestle and Cargill. Bought CSR's sugar and renewable energy business in 2010, and Goodman Fielder in 2015.
|Wilmar International Ltd||SGP||website|
| Kuok Group
owns 30% of Wilmar International Ltd
Founded in 1949. Run by Robert Kuok. Interests include shipping, real estate, Shangri-la Hotels, media and agribusiness. They previously controlled 10% of the world's sugar. Affiliated with Wilmar International, the world's biggest palm oil processor. Wilmar is run by Robert Kuok's nephew, Khoon Hong Kuok.
| Archer Daniels Midland Company
owns 20% of Wilmar International Ltd
Turns crops such as corn, oilseeds, wheat and cocoa into food ingredients, animal feeds, and agriculturally derived fuels and chemicals.
|Wilmar International 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 B.
Source: CDP (2022)
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 43.5%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (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 B.
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 #28/350, with a total score of 42.2/100.
Source: World Benchmarking Alliance (2021)
This company received an S&P Global ESG Score of 75/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). 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 (2022)
New research (2014) from Friends of the Earth in Indonesia, Liberia, Uganda and Nigeria, shows how Wilmar International, one of the world's largest palm oil traders, continue their abusive practices of deforestation and land-grabbing, despite promises to stop.
Source: FOE Europe (2014)
This company sources palm oil from 18 of the 25 dirty palm oil producers identified in the 2018 Greenpeace report "The Final Countdown". Despite announcing a groundbreaking 'no deforestation, no peat, no exploitation' policy in 2013, the report found that Wilmar still gets its palm oil from groups that are destroying rainforests and stealing land from local communities.
Source: Greenpeace (2018)
This article from German NGO Rainforest Rescue reveals how in Indonesia, people are driven off their land, and the rainforest they depend on to make a living is turned into giant palm oil plantations. Anyone who resists is intimidated, arrested or held at gunpoint. Wilmar's armed security forces have been used repeatedly to silence the people who defend themselves against land grab and violence. Wilmar operates plantations in Sumatra and Borneo that cover up to 600.000 hectares of land, and is notorious for illegal logging and human rights violations.
Source: Rainforest Rescue (2014)
A civil society coalition is calling on investors and buyers (including this company) of palm oil producer Felda Global Ventures (FGV) to take robust, transparent action to address ongoing risks. This follows the Wall Street Journal's expose of human trafficking, forced labor, withholding of wages and other abuses of workers on FGV's palm plantations in July 2015.
Source: Rainforest Action Network (2016)
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 37%.
Source: Forest 500 (2022)
Wilmar, the world's biggest trader in palm oil, is illegally logging rainforests, setting forests on fire and violating the rights of local communities in Indonesia, according to a 2007 report published by Friends of the Earth Netherlands. [Listed under information due to age of report]
Source: FOE Netherlands (2007)
A 2016 report by Amnesty International found a range of labour rights abuses on the plantations operated by Wilmar's subsidiaries and suppliers in Indonesia. These abuses include worst forms of child labour, forced labour, discrimination against women workers, people being paid below the minimum wage, and workers suffering injuries from toxic chemicals. [Listed under Information due to age of report]
Source: Amnesty Intl (2016)
This company has signed a letter of intent (https://bit.ly/2rdBlwn) to participate in the New Alliance for Food Security and Nutrition, which claims will lift 50 million people in Africa out of poverty by 2022. But according to a 2015 report by ActionAid, the scheme will benefit multinational companies at the expense of small-scale farmers and is likely to increase poverty and inequality in Africa. Launched in 2012, the New Alliance provides aid money from rich countries like the US and the UK, and helps big business invest in the African agricultural sector. But in return, African countries are required to change their land, seed and trade rules in favour of big business. The New Alliance will: Make it easier for big corporations to grab land in Africa: Prevent farmers from breeding, saving and exchanging seeds: Heavily promote chemical fertilisers and pesticides, which increase farmersâ risk of debt as well as damaging the environment and farmers' health: Replace family farms with low paid, insecure jobs; and Prevent countries from restricting crop exports, even at times of domestic shortage.
Source: Action Aid (2015)
This company received a score of 22.4/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
In Dec 2013 Wilmar announced a No Deforestation Policy in response to years of pressure from Greenpeace, NGOs and consumers around the world. The policy has the potential to transform the controversial palm oil industry, says Greenpeace. Greenpeace are closely monitoring how Wilmar puts these words into action, and are calling on the company to immediately stop buying from companies involved in deforestation.
Source: Greenpeace (2013)
This company has sustainability claims on its website including responsible plantation management.
Source: company website (2014)
This company is a member of Bonsucro - Better Sugar Cane Initiative, a global non-profit, multi-stakeholder organisation fostering the sustainability of the sugarcane sector through its leading metric-based certification scheme and its support for continuous improvement for members.
Source: Bonsucro (2019)
In 2020/21 KnowTheChain benchmarked over 180 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 45/100.
Source: KnowTheChain (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)
|Revenue||42.6 billion USD (2019)|
|Subsidiaries||Goodman Fielder Ltd
Food and beverage company
Founded in Tamworth NSW in 1909. Goodman Fielder was Australasia's largest listed food manufacturing company, however the company was delisted from the ASX in 2015 when it was acquired for $1.3 billion by the world's largest palm oil trading company, Wilmar International, and Hong Kong investment company First Facific. They manufacture their products in almost 60 plants across Australia, New Zealand, Papua New Guinea, Fiji and New Caledonia. Wilmar became full owners in 2019.
- Meadow Fresh NZ Ltd
Meadow Fresh NZ became part of Goodman Fielder in 2005.
Wilmar Sugar Australia Ltd
Australia's #1 sugar processor and refiner (#8 globally). Owns and operates eight sugar mills in Queensland, processing more than half of Australia's raw sugar. Australia's largest producer of sugar-based ethanol and renewable energy from biomass. Sold by CSR to Wilmar in July 2010. Previously known as Sucrogen.
- Sugar Australia Pty Ltd (75% owned)
The Australian sugar industry produces 5.2 million tonnes of raw sugar annually and 85 per cent of this is exported. 75 per cent owned by Wilmar, the world's biggest palm oil trader. Distributes and markets stevia sweetener products under an agreement with GLG Life Tech.
Products / BrandsGoodman Fielder
Sugar Australia (75% owned)
CSR Topping & Syrup
CSR (sucrose) Sugar & Sweeteners
CSR Golden Syrup Honey