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Golden Agri-Resources’ Sustainability Report 2018 highlights

Posted: Jun 28, 2019 2 minute read GAR 0 Likes

28 June 2019

The eighth edition of Golden Agri-Resources’ (GAR) Sustainability Report highlights further progress in key areas including traceability and supply chain transformation, landscape approach to forest conservation and biodiversity protection.

Since achieving 100 percent Traceability to the Plantation (TTP) for its own mills in 2017, GAR has been working closely with its third-party suppliers on TTP. As of end 2018, over 50 suppliers had reported full TTP. Together with GAR mills, this means that over 60 percent of GAR’s palm supply chain is fully traceable to the origin.

This traceability effort has resulted in closer cooperation and engagement with GAR’s third-party suppliers, which is critical for supply chain transformation.

“Traceability is key to our wider efforts to help our suppliers change for the better. Through deeper engagement, we are supporting and training our suppliers to improve and adopt better practices. This helps us reduce supply chain risks while making our industry more responsible and resilient,” said GAR Chairman and CEO, Franky Oesman Widjaja.

GAR’s efforts are showing tangible results and it is currently supporting the conservation of 65,000 hectares of forest by its suppliers.

GAR also continued to progress with community conservation planning. To date, more than 20 villages have taken part in Participatory Conservation Planning with 13 villages committing to protect over 7,000 hectares of forests. This is in addition to GAR’s maintenance of 72,000 hectares of conservation area, which is roughly the size of Singapore.

GAR’s initiatives in forest conservation, biodiversity protection, yield improvement and supply chain transformation are aligned with the UN Sustainable Development Goals (SDGs). Specifically, GAR is strategically supporting the targets set out in UN SDGs 2, 12 and 15.

While GAR continues to pursue its sustainability commitments under the GAR Social and Environmental Policy (GSEP) it also acknowledges challenges in certain areas. These include working to increase and deepen OHS awareness to reduce the number of fatalities and accidents in the workplace. GAR is also looking at strengthening its community fire prevention programme, Desa Makmur Peduli Api (DMPA) after several villages in the programme showed an increase in fire incidents in 2018.

The SR2018 is based on Global Reporting Initiative (GRI) Standards Reporting Guidelines. The full report can be viewed on the GAR website.

About Golden Agri-Resources Ltd (GAR)

GAR is one of the leading palm oil plantation companies with a total planted area of 500,202 hectares (including plasma smallholders) as at 31 March 2019, located in Indonesia. It has integrated operations focused on the production of palm-based edible oil and fat.

Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and has a market capitalisation of US$2.6 billion as at 31 March 2019. Flambo International Limited, an investment company, is currently GAR’s largest shareholder, with a 50.35 percent stake. GAR has several subsidiaries, including PT SMART Tbk which was listed on the Indonesia Stock Exchange in 1992.

GAR is focused on responsible palm oil production. In Indonesia, its primary activities include cultivating and harvesting of oil palm trees; processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products throughout the world. It also has operations in China and India including a deep-sea port, oilseeds crushing plant, production capabilities for refined edible oil products as well as other food products such as noodles.

For media enquiries, please contact:

Wulan Suling

[email protected]

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