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 17% of Wilmar International Ltd
|Wilmar International Ltd|
In 2018, 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 2018][More on Forests]
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 2019][More on Human Rights]
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 2014][More on Forests]
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 2018][More on Palm Oil]
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 2016][More on Human Rights]
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 2014][More on Human Rights]
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 2017][More on Sustainability Reporting]
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 26%.
[Source 2019][More on Forests]
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 2016][More on Palm Oil]
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 2007][More on Forests]
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 2015][More on Finance]
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 2013][More on Forests]
This company has sustainability claims on its website including responsible plantation management.
[Source 2014][More on Sustainability Reporting]
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 2019][More on Multi-Stakeholder Initiatives]
In 2018, 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 2018][More on Climate Change]
In 2018 KnowTheChain benchmarked 120 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 48/100.
[Source 2018][More on Workers Rights]
In 2018, 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 2018][More on Human Rights]
This company received a SAM ESG Score of 49/100 in the Food Products category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. 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 2019][More on Sustainability Reporting]
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.
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.
|Company Structure||Public company|
|Revenue||US$44 billion in 2013|
|Subsidiaries||Goodman Fielder Ltd
- Meadow Fresh NZ Ltd
Wilmar Gavilon Pty Ltd (50% owned)
Wilmar Sugar Australia Ltd
- Sugar Australia Pty Ltd (75% owned)
|Address||56 Neil Rd, Singapore, Singapore|
Products / BrandsGoodman Fielder
Atlantic Bakery Bread
Cornwells Pickles, Chutney & Relish
Country Life Bread
Country Split Bread
Crisco Cooking Oil
Defiance Flour & Bread Mix
Defiance Pudding & Custard
Donna Hay Cake Mix
ETA Cooking Oil
ETA Salad Dressing/Mayonnaise
ETA Tomato/BBQ Sauce
ETA Butter & Margarine
Frymasta Butter & Margarine
Gold'nCanola Cooking Oil
Gold'nCanola Butter & Margarine
Helgas Flat Bread
Holbrooks Pickles, Chutney & Relish
Kream Flour & Bread Mix
La Famiglia Bread
Logicol Butter & Margarine
Meadow Lea Butter & Margarine
Mighty Soft Bread
Nature's Fresh Bread
Olive Grove Australian Extra Virgin certified Olive Oil
Olive Grove Butter & Margarine
One Night in Mexico Mexican
Pampas Frozen Desserts/Fruit
Pampas Frozen Pastry
Paul Newman's Own Pasta Sauce
Paul Newman's Own Salad Dressing/Mayonnaise
Pavlova Magic Cake Mix
Pavlova Magic Pudding & Custard
Praise Salad Dressing/Mayonnaise
Supafry Butter & Margarine
Weight Watchers Butter & Margarine
White Wings some products certified organic Flour & Bread Mix
White Wings Pudding & Custard
White Wings Cake Mix
White Wings Gravy
Wonder White Bread
Wonder Wholemeal Bread
Wonder Wraps Flat Bread
Sugar Australia (75% owned)
Goodman Fielder now fully foreign owned
5th Mar 2015 — Australia's biggest food manufacturer, Goodman Fielder was delisted from the ASX in March 2015 when it was acquired for $1.3 billion by Asian agribusiness giant Wilmar International and Hong Kong investment company First Facific. Wilmar controls over half of Australia's sugar industry and is the world's largest palm oil trading company. [source]
Petition Targets Kellogg's Wilmar Partnership
1st Aug 2013 — SumOfUs.org says it will hand-deliver a petition to Kellogg asking the company to end its partnership with Wilmar International Limited, unless Wilmar agrees to change its practices. The group charges that Wilmar's palm-oil trading practices, and the palm oil industry in general, have had a "devasting" deforestation impact on South Asian forests. Wilmar, Asia's leading agribusiness group, ranked last among Newsweek's 500 most sustainable companies (receiving a worse 'green score' than Exxon Mobil, Monsanto and China Coal). [source]
Wilmar buys CSR Sugar
6th Jul 2010 — (AUST >> FOREIGN) Diversified conglomerate CSR Ltd has agreed to sell its sugar division, Sucrogen, to Singapore-based agribusiness Wilmar International Ltd for $1.75 billion. Wilmar is the world's largest palm oil trader. [source]
CSR sells Sucrogen to Wilmar for $1.75b
5th Jul 2010 — CSR has agreed to sell its sugar and renewable energy business, Sucrogen, to Wilmar International Ltd, a Singapore-listed agribusiness group, for $1.75 billion. [source]