Golden Agri-Resources

Golden-Agri Resources (GAR)
Founded 1996
Headquarters Singapore
Key people
 Franky Oesman Widjaja (Chairman and CEO)
Muktar Widjaja (Director and President)
Frankle Widjaja (Director)

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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