Indofood Agri Resources
 | |
| Company type | Public |
|---|---|
| SGX: 5JS | |
| Revenue | 13,650,388,000,000 rupiah (2019)  |
| Parent | Indofood Singapore Holdings Pte. Ltd. |
| Website | www |
Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company[1] 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.[2] The company is listed on Singapore Exchange (ticker: 5JS) and the Frankfurt Stock Exchange (ticker: ZVF).[3]
Operations
IndoAgri operates in Indonesia, Brazil and the Philippines.[4]
Controversy
In 2019, IndoAgri quit its membership from the Roundtable on Sustainable Palm Oil after it had struggled with the RSPO complaints.[5] 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.[6]
References
- ^ "IFAR.SI - | Stock Price & Latest News | Reuters". www.reuters.com. Retrieved 2023-01-27.
- ^ "Indofood Agri Resources Ltd". indofoodagri.listedcompany.com. Retrieved 2020-06-25.
- ^ "Indofood AGRI Resources Ltd. Equity | A0MKZK | SG1U47933908 | Share Price". www.boerse-frankfurt.de. Retrieved 2020-07-22.
- ^ "IndoAgri :: About Us". www.indofoodagri.com. Retrieved 25 June 2020.
- ^ "Indofood quits sustainable palm oil body amid allegations of labour violations". www.just-food.com. 30 January 2019. Retrieved 25 June 2020.
- ^ "Indofood Agri Resources – Material Risks from Contested Land and Labor Issues". chainreactionresearch.com. Retrieved 25 June 2020.