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Golden Agri-Resources

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Golden-Agri Resources
Company typePublic
SGX: E5H
Founded1987; 37 years ago (1987)
HeadquartersSingapore
Key people
Franky Widjaja (Director and president)
Number of employees
170,700 (2017) Edit this on Wikidata

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

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[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

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