Wilmar International Limited founded in 1991, is Asia’australian ethical investment limited leading agribusiness group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange, being the second largest as of September 2010. Unilever is one of the main customers of Wilmar. The founder of Wilmar International was Martua Sitorus from Indonesia.
The chairman is Kuok Khoon Hong. Forbes named Kuok the third richest person in Singapore in 2009. Martua Sitorus was the 2nd richest person in Indonesia in 2009. Palm oil, extracted from palm fruit pulp, is Wilmar’s main product.
Palm oil is the most widely used edible oil, and there is 42 million acres under cultivation worldwide. Commercial production has helped many communities in Africa and South-east Asia tackle local poverty. Wilmar commenced operations as a palm oil trading company in 1991. In 2003, it established the first compound fertiliser manufacturing plant with a production capacity of 120,000 tonnes per year, and in 2004 opened the first oleochemicals plant in Shanghai. Renamed Wilmar International Limited on 14 July 2006 upon completion of the reverse takeover of Ezyhealth Asia Pacific Ltd. Olam International Ltd and SIFCA Group, one of Africa’s largest agro-industrial groups with significant interests across palm oil, cotton seed oil, natural rubber and sugar sectors in Africa.
Europe, global fertiliser purchasing and distribution, and global ocean freight operations. In 2012, Wilmar was named the world’s least environmentally friendly company by US news magazine Newsweek. Due to their poor environmental performance Wilmar was excluded in 2013 from The Government Pension Fund of Norway, the largest stock owner in Europe. In 2004, Friends of the Earth Netherlands performed a review of Wilmar’s palm oil operations in Sumatra Riau as undertaken by PT Jatim Jaya Perkasa.
According to Friends of the Earth Netherlands, Wilmar International starts forest fires and violates the rights of local populations. According to Friends of the Earth, Wilmar and Bidco Africa through Bidco Uganda, have been involved in long running dispute over land with local communities. According to The Guardian in March, 2015, the land grab issue has plagued the community of Kalangala for a number of years. In July, 2011 residents awoke to “find yellow machines churning up her land and razing the crops she had grown in a bid to make way for palm oil plantations. Bugala Farmers Association in Uganda related to UNDP’s association with Bidco Africa Ltd. On 30 November 2016 Amnesty International published a report into working conditions on the Wilmar International plantations and refineries in Indonesia.
It alleged human rights abuses, including “forced labour, low pay, exposure to toxic chemicals and discrimination against women”. No Exploitation Policy for both its own operations and third party suppliers. In 2015, Wilmar won the Special Recognition Award at the Singapore Apex CSR Awards 2015 organised by the Global Compact Network Singapore, Singapore Business Federation and The Business Times. It was hailed for being the first major palm oil player to step up to ensure its supply chain is de-linked from any forest destruction and human rights abuse. Losing land to palm oil in Kalimantan bbc 3.
Company involved in forest fires, deforestation and illegal activities”. Communities force Wilmar to address bad practices”. REPORT: Palming off a National Park: Tracking Illegal Palm Oil Fruit in Riau, Sumatra”. STATEMENT FROM THE RSPO ON THE IMPORTANCE OF TRANSPARENT AND RESPONSIBLE SOURCING OF FRESH FRUIT BUNCHES”. Perusahaan Grup Wilmar dan Sinar Mas Paling Banyak Menyumbang Titik Api”. Ugandan oil palm conglomerate taken to court over land-grab claims”.