Indofood Agri Resources

Indofood Agri Resources
TypePublic
SGX: 5JS
Revenue13,650,388,000,000 rupiah (2019) Edit this on Wikidata
ParentIndofood Singapore Holdings Pte. Ltd.
Websitewww.indofoodagri.com Edit this on Wikidata

Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company and a subsidiary of Indofood Singapore Holdings Pte. Ltd.. Through Anthoni Salim's First Pacific and Indofood, he owns 74% of the company's voting rights. The company is listed on Singapore Exchange (ticker: 5JS) and the Frankfurt Stock Exchange (ticker: ZVF).

Operations

IndoAgri operates in Indonesia, Brazil and the Philippines.

Controversy

In 2019, IndoAgri quit its membership from the Roundtable on Sustainable Palm Oil after it had struggled with the RSPO complaints. According to Chain Reaction Research, 42% of IndoAgri's landbank is contested, community conflicts are happening on several plantations have and some land is within protected nature area.

References

  1. ↑ "IFAR.SI - | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 2023-01-27.
  2. ↑ "Indofood Agri Resources Ltd". indofoodagri.listedcompany.com. Retrieved 2020-06-25.
  3. ↑ "Indofood AGRI Resources Ltd. Equity | A0MKZK | SG1U47933908 | Share Price". www.boerse-frankfurt.de. Retrieved 2020-07-22.
  4. ↑ "IndoAgri :: About Us". www.indofoodagri.com. Retrieved 25 June 2020.
  5. ↑ "Indofood quits sustainable palm oil body amid allegations of labour violations". www.just-food.com. 30 January 2019. Archived from the original on 2020-06-25. Retrieved 25 June 2020.
  6. ↑ "Indofood Agri Resources – Material Risks from Contested Land and Labor Issues". chainreactionresearch.com. Retrieved 25 June 2020.