Company name: Golden Agri Resources (GAR)

Registration location: Singapore

Ownership/ ultimate beneficial owner: Sinar Mas has a large stake. According to Bloomberg, Flambo International Ltd has a 45% stake and Silchester International Investors LLP 12%. Smaller investors include BlackRock, Vanguard, State Street, Dimensional, Kopernik.

Stock exchange listing: Singapore Stock Exchange (the group) and Indonesia Stock Exchange for PT SMART Tbk (one of its subsidiaries)

Sectors: Grower, refiner, trader, consumer goods producer

Sustainability performance

No Deforestation, No Peat, No Exploitation policy: Yes

Deforestation within owned concessions (2016-2020): 0 ha

Peat clearance within owned concessions (2016-2020): 24 ha

Peat forest clearance within owned concessions (2016-2020): 0 ha

Deforestation within current supply chain: 5,800 ha

Peat clearance within current supply chain: 960 ha

Peat forest clearance within current supply chain: 1,750 ha

Social issues:

• In 2012, a farmer was shot and arrested due to land conflict between PT SMART in North Labuhan Batu Regency, North Sumatra and farmers in the nearby village.
• In 2011, a farmer was also shot due to land conflict between PT Kresna Duta Agrindo and plasma farmer.
• In 2018, approximately 60 of PT Agro Lestari Madiri (PT ALM) day-rate laborers went to the Ketapang District Legislative Assembly (DPRD) office to complain of unsuitable severance pay and not registering workers as members of the government national health and social security programs. In follow up to the incident, stakeholder mediation was eventually held in the Ketapang District Manpower and Transmigration office. During the mediation meeting the company denied all of the workers’ accusations.
• In 2019, a number of villagers from Sei Kelik together with the Ketapang Peoples Defenders Front (FPRK) community organization sealed off the PT ALM plantation. The action was triggered by the company allegedly planting oil palm outside the boundaries of its HGU concession area.
• In 2015, PT Agro Lestari Sentosa (PT ALS) was accused of unilaterally laying off 97 of its workers who originated from East Nusa Tenggara province. They were fired when striking over late payment of wages.
• In 2018, a crowd of hundreds of residents from twelve villages in Kelapa and Simpang Teritip subdistricts staged a demonstration at the PT Bumi Permai Lestari (PT BPL) office, demanded for: realization of 20 percent of the concession as plasma smallholder estate; remeasurement of the concession area; provision of CSR funds; and prioritization of local people when recruiting workers.
• In 2017, the ethnic Sakai demanded PT Ivo Mas Tunggal return the communal land it had planted on. As the parties failed to reach an agreement by the end of the mediation, the case was handled by Commission I of the Riau Provincial Legislative Assembly (DPRD), which found the communal land planted by PT IMT to be inside an HGU concession belonging to another company; PT Chevron Pacific Indonesia (PT CPI).

Certification: ISPO, RSPO, ISCC

Supply chain links: Traceability report