Indofood Agri Resources Explained

Indofood Agri Resources Ltd. (shortened as IndoAgri) is an investment holding company^[1] and a subsidiary of . 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 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]

Notes and References

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