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Golden Agri-Resources

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Golden-Agri Resources (GAR)
Founded1996
HeadquartersSingapore
Key people
Franky Oesman Widjaja (Chairman and CEO)
Muktar Widjaja (Director and President)
Frankle Widjaja (Director)
Number of employees
170,700 (2017) Edit this on Wikidata

Golden-Agri Resources (GAR) is a Singaporean palm oil company. It is listed on the Singapore Stock Exchange since 1999. [1] In May 2015, its market capitalization was $4.1 billion.[2] Franky Oesman Widjaja is its CEO. Sinar Mas Group 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. [3] [4] According to Greenpeace, GAR has six concessions on peatlands in Riau, with an estimated total are 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]

References

  1. ^ Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, 2015), p. 101
  2. ^ "Forbes Welcome". forbes.com. Retrieved 30 May 2016.
  3. ^ "Golden Agri-Resources: About Us". goldenagri.com.sg. 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
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