Arrest of company executives tops a long list of abuses
WASHINGTON, D.C. – The Dow Jones Sustainability Index has removed the world’s second largest palm oil company, Golden Agri-Resources, from its list of sustainable companies.
“Golden Agri-Resources’ removal from the Dow Jones Sustainability Index is an important step in holding the company accountable for its consistent abuses,” said Gaurav Madan, senior forests and lands campaigner for Friends of the Earth U.S. “Companies that have caused widespread environmental destruction have no place being greenwashed as sustainable.”
The company’s de-listing from the Asia-Pacific Sustainability Index comes after the arrests of palm oil executives for bribery and corruption. In October 2018, Indonesia’s anti-corruption agency arrested three executives from GAR-subsidiary PT Binasawit Abadi Pratama for bribing government officials to cover up extensive water pollution and alleged irregularities in plantation permitting in the province of Central Kalimantan, Indonesia.