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Sinar Mas Agribusiness and Food wins top awards at the Sustainable Business Award 2022 in Indonesia

Posted: Jun 07, 2022 2 minute read SMART 428 views

Jakarta, 6 June 2022 – Sinar Mas Agribusiness and Food has won Overall Winner in the Sustainable Business Award (SBA) Indonesia 2020/21 for its outstanding and comprehensive efforts in corporate sustainability. The Company was also awarded the winner for Supply Chain Management, Land Use & Biodiversity, Business Ethics & Responsibility, and received Significant Achievement on Sustainability Strategy for the SBA Indonesia 2020/21.

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“Being recognised by SBA is a testament to the everyday effort of our people to deliver on our sustainability commitments,” said Anita Neville, Chief Sustainability and Communications Officer, Sinar Mas Agribusiness and Food. “Over the last two decades, Sinar Mas Agribusiness and Food has strengthened its capacity and focus on sustainability challenges faced by our business and industry. This SBA award is timely as we look to refresh our approach to tackle global and local challenges including climate change, forest protection and rural economic empowerment.”

In supply chain traceability, the Company has achieved 95 percent traceability to the plantations by 2020. The Company ensures that it buys from sustainably managed and traceable sources following GAR Social and Environmental Policy (GSEP). In addition, the Company is conserving 79,900 hectares per December 2021, or an area larger than Singapore, of High Conservation Value (HCV) and High Carbon Stock (HCS) land. With suppliers, the Company further supports the conservation of more than 100,000 hectares of forest.

This year’s SBA awards were presented to companies across 12 categories, including strategy and sustainability management, workforce, community, energy management, water management, waste and material productivity, climate change, supply chain management, land use biodiversity, business responsibility and ethics, stakeholder engagement and materiality, and United Nations Sustainable Development Goals.

Since 2012, Global Initiatives has organised the Sustainable Business Awards (SBA) to recognise companies for their sustainable performance on environmental responsibility while encouraging them to continue their best efforts. The SBAs cover five markets, including Singapore, Malaysia, Indonesia, Thailand, and the Philippines.

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About Sinar Mas Agribusiness and Food

Sinar Mas Agribusiness and Food operates under Golden Agri-Resources (GAR) is one of the leading palm oil plantation companies with a total planted area of 536,907 hectares (including plasma smallholders) as at 31 March 2022, located in Indonesia. It has integrated operations focused on the technology-driven production and distribution of an extensive portfolio of palm-based products.

Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and has a market capitalisation of US$2.9 billion as at 31 March 2022. Flambo International Limited, an investment company, is currently GAR’s largest shareholder, with a 50.56 percent stake. GAR has several subsidiaries, including PT SMART Tbk which was listed on the Indonesia Stock Exchange in 1992.

As an integrated agribusiness, GAR delivers an efficient end-to-end supply chain, from responsible production to global delivery. In Indonesia, its primary activities include cultivating and harvesting of oil palm trees; processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products globally. GAR’s products are delivered to a diversified customer base in approximately 100 countries through its global distribution network with shipping and logistics capabilities, destination marketing, on-shore refining and ex-tank operations in many countries. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, as well as sugar businesses.

For more information, please contact:

Sinar Mas Agribusiness and Food Media Team
Beni Wijaya
beni.wijaya@sinarmas-agri.com

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