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
| Archer Daniels Midland Company
owns 20% of Wilmar International Ltd
|Wilmar International Ltd|
In 2020, 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 A-.
Source: CDP (2020)
In 2020, 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 (2020)
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 40-50 band range. The overall average score was a disappointing 24%.
Source: CHRB (2019)
In 2020, 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 (2020)
This company received an S&P Global ESG Score of 61/100 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)
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)
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
Source: Amnesty Intl (2016)
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)
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)
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 27%.
Source: Forest 500 (2020)
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)
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)
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 farmers 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)
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)
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)
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)
|Revenue||42.6 billion USD (2019)|
|Subsidiaries||Goodman Fielder Ltd
- Meadow Fresh NZ Ltd
Wilmar Sugar Australia Ltd
- Sugar Australia Pty Ltd (75% owned)
Products / BrandsGoodman Fielder
Sugar Australia (75% owned)