Golden Agri-resources Ltd · SGX:E5H
Golden Agri-resources — Ethical Corporation 7th Annual Sustainable Supply Chain Summit 2012
19 slides from Golden Agri-resources's conference presentation, Oct 23, 2012
Slide 1: SGX Announcement: Miscellaneous
MISCELLANEOUS Page 1 of 1 & print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer * GOLDEN AGRI-RESOURCES LTD ‘Company Registration No. UF 240456 Announcement submitted on behalf of GOLDEN AGRI-RESOURCES LTD Announcement is submitted with respect to * GOLDEN AGRI-R
Slide 2: Sustainable Palm Oil: Multi-stakeholder Collaboration
Sustainable Palm Oil Multi-stakeholder Collaboration Peter Heng MD, Corporate Communications & Sustainability, GAR Presentation: Ethical Corporation – 7th Annual Sustainable Supply Chain Summit, London, 23 Oct 2012
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Golden Agri-Resources Ltd (“GAR” or “Company”) for informational purposes. This presentation contains statements, representation which may or may not be derived from third party reports, quotes from sources other than from within the Company, project
Slide 4: Golden Agri-Resources Ltd
Golden Agri-Resources Ltd • Golden Agri-Resources Ltd (GAR) is the second largest palm oil plantation company in the world. • Listed on the Singapore Exchange since 1999, market capitalisation of US$7.6 billion as at 31 July 2012. • Parent company of PT SMART Tbk which is listed on the Indonesia Sto
Slide 5: Multi-stakeholder collaboration
Multi-stakeholder collaboration GAR believes that multi-stakeholder collaboration is the only way to achieving solutions for sustainable palm oil production 3
Slide 6: Milestones
Milestones 1997 February 2010 Greenpeace releases a Nestlé stops all SMART presents First palm oil Unilever decides to No development report titled: „Cooking purchase of palm Independent producer to suspend all future on peat land the Climate‟ and begins oil from SMART Verification Exercise establis
Slide 7: From conflict to collaboration: Multi-stakeholder engagement
From conflict to collaboration: Multi-stakeholder engagement Chancing Common your arm ground Open and Taking transparent the lead 5
Slide 8: GAR Forest Conservation Policy
GAR Forest Conservation Policy • Builds on GAR’s pre-existing commitments. • GAR’s Forest Conservation Policy is developed in collaboration with The Forest Trust (TFT) to ensure that GAR has no deforestation footprint. Various stakeholders including Greenpeace have provided inputs. • FCP focuses on
Slide 9: GAR Forest Conservation Policy
GAR Forest Conservation Policy • Holistic approach: Implemented Social and Community Engagement Policy (SCEP) and Yield Improvement Policy (YIP) in collaboration with TFT and other stakeholders. • Ultimately, the conserved High Carbon Stock (HCS) area can revert to its natural ecological function as
Slide 10: Support from stakeholders
Support from stakeholders “The Government of Indonesia welcomes the cooperation between GAR and TFT on sustainable palm oil development that embraces the environmental conservation and social concerns in promoting economic growth. This initiative is an example to find concrete solutions and model fo
Slide 11: Support from stakeholders
Support from stakeholders ‘There are pioneers within the business community too, but we need more. Businesses must look forward, be innovative and look for sustainable solutions. In Indonesia, Golden Agri-Resources has engaged with the NGO Forest Trust to improve the sustainability of their land use
Slide 12: Support from stakeholders
Support from stakeholders ‘Last year Nestlé resumed purchases from a palm oil mill in Indonesia run by PT SMART, after the latter set out a commitment to having a "no deforestation footprint". Working with The Forest Trust, the company has put in place supply chain controls so the oil is fully trace
Slide 13: HCS Forest Study Report
HCS Forest Study Report • The HCS Forest Study Report was published following the completion of the HCS forest fieldwork conducted under GAR’s Forest Conservation Policy. • The report was presented at the REDD+ Task Force Seminar on 5 June 2012 in Jakarta http://www.goldenagri.com.sg/pdfs/misc/High_
Slide 14: Summary of HCS Forest Study findings
Summary of HCS Forest Study findings The findings of HCS forest study indicate that vegetation cover can be used to: • Estimate the level of carbon stocks • Stratify into different classes to broadly represent different carbon stocks They also indicate that: • This is a practical and robust method t
Slide 15: Summary of HCS Forest Study findings
Summary of HCS Forest Study findings Six strata can be identified: • HK3 – Remnant forest or advanced secondary forest close to primary condition; • HK2 – Remnant forest but more disturbed than High Density Forest; • HK1 –Appears to be remnant forest but highly disturbed and recovering (may contain
Slide 16: Greenpeace blog
Greenpeace blog http://www.greenpeace.org/international/en/news/Blogs/makingwaves/gar-sets-the-bar-high-in-indonesian-deforesta/blog/40823/ 14
Slide 17: Achieving success: Multi-stakeholder collaboration
Achieving success: Multi-stakeholder collaboration Communities Industry Value and protect Support and adopt HCS land HCS policy Government Policies to protect HCS land and implement land swap 15
Slide 18: Next steps
Next steps 1. The Team (GAR, Smart, TFT and Greenpeace) • Presenting the findings. • Holding wider discussions. • Gathering feedback on study and outcomes. 2. GAR's action plan • Upon gathering the required input and feedback from all stakeholders, GAR intends to develop its action plans for how it
Slide 19: Thank you
Thank you a | gar a) Smart —@ agribusiness and food b agribusiness and food
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