Golden Agri-Resources (GAR) has retained its position as a constituent of the FTSE4Good Index for the third consecutive year. GAR’s ESG rating is 3.3 out of 5. The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. GAR made its debut on the index in 2018.
Despite the Covid-19 pandemic, GAR has continued to implement its sustainability initiatives including pushing ahead with the completion of Traceability to the Plantation (TTP) for its entire palm supply chain. As of Q32020, GAR had achieved over 88 percent TTP. In addition, GAR has continued to support local communities through 40 Alternative Livelihood projects which are helping to boost food security and resilience during the pandemic. GAR is also maintaining forest conservation areas which are slightly bigger than the total land area of Singapore and is supporting supplier commitments to protect forests as well as working with local communities to secure joint agreements on forest conservation.
More details about GAR’s ongoing initiatives can be found in GAR’s Sustainability Report.
About Golden Agri-Resources Ltd (GAR)
GAR is one of the leading palm oil plantation companies with a total planted area of 499,770 hectares (including plasma smallholders) as at 30 September 2020, 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$1.3 billion as at 30 September 2020. Flambo International Limited, an investment company, is currently GAR’s largest shareholder, with a 50.52 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, oilseed crushing plant, production capabilities for refined edible oil products as well as other food products such as noodles.
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