Golden Agri Resources – Green Tigers Index Rankings

2019 PALM OIL SCORE

61

With a 606,168 ha landbank, Golden Agri-Resources is one of the largest palm oil companies in the world. The company has improved its traceability commitment. At the end of 2017, Golden Agri-Resources achieved full traceability to the plantation for company-owned mills.

At the same time, Golden Agri-Resources’ subsidiaries are facing governance problems related to deforestation and human rights abuses. A 2018 report by Friends of the Earth describes environmental and human rights abuses in Liberia by Golden Veroleum Liberia and its primary investor, Golden Agri-Resources.

Also in 2018, the Indonesian Corruption Eradication Commission arrested seven executives for bribery – including three executives from Golden Agri-Resources subsidiaries in the palm oil business. The alleged illegal activities also include dumping of palm oil processing waste into water systems causing significant harm.

Golden Agri-Resources is a member of the Roundtable on Sustainable Palm Oil. In 2014, Golden Agri-Resources endorsed the New York Declaration on Forests. Its top shareholder is Golden Moment, while Vanguard, BlackRock, Dimensional, and Robeco are among the top 10 owners.

See all of the rankings of major palm oil and soy companies on their adherence to forest conservation requirements on the Green Tiger and Green Jaguar index.