Golden Agri-Resources Ltd 2024 AR2
The report outlines Golden Agri-Resources Ltd's (GAR) financial and operational performance for the fiscal year 2024, highlighting its resilience and vertically integrated business model. Despite a seven percent decline in palm product output due to the lingering effects of the 2023 El Niño and accelerated replanting, GAR achieved a 12 percent revenue growth to US$10.9 billion, driven by record sales volumes and higher crude palm oil prices. Key sustainability milestones include mapping 99 percent of its Indonesian palm supply chain to the plantation level, achieving 100 percent traceability to the mill globally, and launching SmartTrace, a blockchain-powered traceability system. Furthermore, GAR finalized its commitment to achieve net-zero emissions by 2050, establishing near-term 2030 decarbonization targets.
Company: Golden Agri-Resources Ltd
Sector: Agriculture, forestry & fishing
Country: Singapore
Year: 2024
Type: AR2
Pages: 215
Back to company
Golden Agri-Resources Ltd
Annual Report
The report outlines Golden Agri-Resources Ltd's (GAR) financial and operational performance for the fiscal year 2024, highlighting its resilience and vertically integrated business model. Despite a seven percent decline in palm product output due to the lingering effects of the 2023 El Niño and accelerated replanting, GAR achieved a 12 percent revenue growth to US$10.9 billion, driven by record sales volumes and higher crude palm oil prices. Key sustainability milestones include mapping 99 percent of its Indonesian palm supply chain to the plantation level, achieving 100 percent traceability to the mill globally, and launching SmartTrace, a blockchain-powered traceability system. Furthermore, GAR finalized its commitment to achieve net-zero emissions by 2050, establishing near-term 2030 decarbonization targets.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Net Zero Target
Employees