Indofood Agri Resources

Indofood Agri Resources Ltd. (shortened 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]

Indofood Agri Resources
SGX: 5JS
Revenue13,650,388,000,000 rupiah (2019) 
Websitewww.indofoodagri.com 

Operations

IndoAgri operates in Indonesia, Brazil and 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
  1. Editorial, Reuters. "IFAR.SI - Indofood Agri Resources Ltd Profile | Reuters". www.reuters.com. Retrieved 2020-06-25.
  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. Retrieved 25 June 2020.
  6. "Indofood Agri Resources – Material Risks from Contested Land and Labor Issues". chainreactionresearch.com. Retrieved 25 June 2020.
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