Singapore-listed Golden Agri-Resources (GAR) yesterday announced a new forest conservation policy that will ensure its palm oil operations will minimize its impact on forests.
GAR is the world’s second-largest palm oil producer and the largest in Indonesia with annual revenues of US$2.3 billion. Its move was seen widely as a response to intense pressure and lobbying by environmental groups such as Greenpeace recently over allegations of illegal forest clearing.
The firm yesterday signed an agreement in Jakarta with The Forest Trust (TFT), a Geneva-based non profit organisation, which will commence work immediately to work with GAR to identify high carbon stock forests, high conservation value (HCV) areas and peat lands.
http://www.eco-business.com/news/2011/feb/09/golden-agri-adopts-no-deforestation-policy/?utm_medium=email&utm_campaign=EB+newsletter+Feb+2011&utm_content=EB+newsletter+Feb+2011+CID_95c0a29fe1ce662a5d319d23be08ef6e&utm_source=Campaign+Monitor&utm_term=Full+story+here
SE Asia's palm oil industry struggles on path to sustainability. Photo: www.greatmirror.com
GAR is the world’s second-largest palm oil producer and the largest in Indonesia with annual revenues of US$2.3 billion. Its move was seen widely as a response to intense pressure and lobbying by environmental groups such as Greenpeace recently over allegations of illegal forest clearing.
The firm yesterday signed an agreement in Jakarta with The Forest Trust (TFT), a Geneva-based non profit organisation, which will commence work immediately to work with GAR to identify high carbon stock forests, high conservation value (HCV) areas and peat lands.
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