Golden Agri-Resources

Golden-Agri Resources
Company type	Public
Traded as	SGX: E5H
Founded	1987; 38 years ago
Headquarters	Singapore
Key people	Franky Widjaja (Director and president)
Number of employees	170,700 (2017)

Golden-Agri Resources (GAR) is a Singaporean palm oil company, listed on the Singapore Stock Exchange since 1999.^[1] In May 2015, its market capitalization was $4.1 billion.^[2] Franky Widjaja, of the Sinar Mas family is its CEO. Alnoor is a subsidiary of GAR. Lew Syn Pau used to serve as a member of the Singaporean Parliament for 13 years and is a member of the board of directors of the firm.

Criticism of environmental record

^[3] ^[4] According to Greenpeace, GAR has six concessions on peatlands in Riau, with an estimated total area of 20,000 hectares.^[5] GAR was reported to have 1,880 hectares of peat in Central Kalimantan and 1,330 hectares in West Kalimantan, while claiming a zero-deforestation footprint.^[6] Greenpeace also discovered 322 hotspots on five to GAR's concessions in Central Kalimantan. ^[7] GAR denied these accusations and said to have a zero-burning policy since 1997.^[8] Interviews with senior officers revealed evidence to the contrary.^[9] In about 2010, companies such as Burger King, Unilever and Nestlé cancelled their supplier contracts with Singapore-listed GAR subsidiaries due to unsustainable farming practices. ^[10] Golden owns a subsidiary in Liberia called Golden Veroleum, which in 2018 was removed from the Roundtable on Sustainable Palm Oil for alleged land acquisition violations.^[11]

References

^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 101
^ "Company: Golden Agri-Resources". forbes.com. Retrieved 30 May 2016.
^ "Golden Agri-Resources: About Us". goldenagri.com.sg. Archived from the original on 30 June 2016. Retrieved 30 May 2016.
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 90
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 131
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 132
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 143
^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 97
^ Giahyue, James (21 July 2018). "Liberia's biggest palm oil project quits eco-certification scheme". Reuters. Retrieved 17 February 2020.