Press Releases

Golden Agri-Resources’ (GAR) Sustainability Report 2015 shows the company’s progress in meeting its commitments under the updated GAR Social and Environmental Policy (GSEP). Based on the theme “Initiate, Collaborate and Innovate – Creating a Sustainable Future”, highlights include progress in partnerships with the community on conservation efforts through innovative participatory conservation approaches. In 2015, around 50 villages took part in joint mapping exercises which will be followed by joint conservation planning. This approach allows GAR to meet its commitment to protect around 75,000 hectares of conservation area identified across its concessions in Indonesia.

GAR made progress on other fronts including the combat against fire and haze – in 2015, due to strict adherence to its Zero Burning Policy, less than one percent of its land was affected by forest fires. GAR is now focusing on long-term measures including partnering with the local villagers around its plantations in the Desa Siaga Api programme to help their villages stay fire-free.

“We see protecting the environment, as well as supporting the livelihoods of farmers and communities in Indonesia as a long-term investment in the future of our industry. Our ongoing commitment to continuous improvement and collaborating with others to make the palm oil industry sustainable is vital to our long term success,” said GAR Chairman and CEO, Franky Oesman Widjaja.

To meet growing demands for transparency concerning the source of its raw materials and their impact on the environment, GAR has also completed mapping its supply chain to the mill level, identifying 489 individual mills. GAR is now working with these mills to achieve full traceability to the plantation over the next four years. This allows GAR to know its suppliers better and help them adopt more responsible social and environmental practices.

The GAR Sustainability Report 2015 covers a two-year reporting period (2014-2015) and is based on Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. The full report can be viewed on the GAR website and the GAR Sustainability Dashboard. GAR has been publishing its Sustainability Report since 2011.

About Golden Agri-Resources Ltd (GAR)

GAR is one of the leading palm oil plantation companies with a total planted area of 483,075 hectares (including smallholders) as at 30 June 2016, 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 with a market capitalisation of US$3.3 billion as at 30 June 2016. 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 sustainable 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 and shortening; as well as merchandising palm products throughout the world. It also has operations in China and India including a deep-sea port, oilseeds crushing plants, production capabilities for refined edible oil products as well as other food products such as noodles.

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