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Home › Companies
Royal Golden Eagle Group - RGESingapore
Sectors: agriculture - palm oil, forestry - pulp and paper, oil and gas
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By: BankTrack
Created before Nov 2016
Last update: 2016-03-21 00:00:00

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About Royal Golden Eagle Group - RGE

RGE, previously known as Raja Garuda Mas, is a global resources-based manufacturing group with companies operating in the palm oil, pulp and paper, cellulose, gas and oil industries. The company was founded in 1973 in Singapore, by Sukanto Tanoto, who still chairs  it. The company employs some 50,000 people and has assets of more than USD15 billion.

Headquarters
80 Raffles Place, #50-01 UOB Plaza 1
048624 Singapore
Singapore
CEO/chair Mr Sukanto Tanoto
Founder and Chairman
Website http://www.rgei.com
Ownership

The company is owned by its founder Sukanto Tanoto, listed by Forbes as one of Indonesia's richest businessmen.

Subsidiaries
Apical Group – Indonesia
April – Indonesia (profile)
Asia Symbol – China
Asian Agri – Indonesia (profile)
Pacific Oil and Gas – Singapore
Sateri Holdings – China

Headquarters location

Issues

Environmental issues

APRIL and TPL holdings and suppliers are having profound negative impacts on biodiversity and the climate. Many concessions supplying the mills owned by Mr. Tanoto are in areas representing some of the last refuges for the critically endangered Sumatran elephant and Sumatran tiger. Forest clearance of these areas pushes these species closer towards extinction. Drainage of deep peat soils both for natural forest clearance and for plantation establishment is an issue of global concern due to greenhouse gas emissions: a study released by the University of Helsinki, shows that APRIL's Acacia plantations on peatland in Sumatra release around 80 tons of carbon dioxide per hectare per year. Additional concerns include the continued subsidence of peatland areas, caused by drainage, leading to longer terms risks of flooding and inundation.

 

Human rights

The paper mills run by APRIL and Toba Pulp have had serious impacts on local communities, as a result of forest concessions being granted for industrial exploitation without the free, prior and informed consent (FPIC) of the people with claims on the land and dependent on the forest resources for their livelihoods. This situation has led to significant social conflict and human rights violations. With the Constitutional Court ruling "MK 35" last year, there is also a material risk that areas in concessions allocated to APRIL, TPL and their suppliers and claimed by indigenous communities may be illegal.

Other issues

Founder and Chairman of RGE Sukanto Tanoto is involved in one of the biggest tax evasion cases in Indonesian history. The verdict requires the RGE-controlled Asian Agri Group to pay fines of USD448 million. A number of company officials were sentenced with up to 11 years in prison. Outstanding question include whether these type of business practices constitute money laundering and whether they are pervasive throughout the group.

Governance

Updates

APRIL, REG finally commit to zero deforestation

2015-06-04 00:00:00

Indonesian paper company APRIl and its parent RGE group have joined the growing industry movement to tackle deforestation, with new policies that promise to end development on forest and forested peatlands (source: eco-business.com).

News

| |
Type:
Year:
blog
external news
our news

Advisory to Buyers and Investors of Royal Golden Eagle / Asia Pacific Resources International Limited (RGE/APRIL)

2016-12-09 | WWF-Indonesia
blog
external news
our news

APRIL, RGE finally commit to zero deforestation

2015-06-04 | Eco-business.com
blog
external news
our news

Indonesia Lawmakers Draft Bill to Slash Foreign Ownership of Plantations

2014-08-15 | The Jakarta Globe
blog
external news
our news

6 myths Indonesia's biggest forest destroyer wants you to believe

2014-07-10 | Greenpeace UK
blog
external news
our news

Royal Golden Eagle’s Next Generation Seeks New Leaf

2013-07-25 | The Jakarta Globe

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents
2017-06-13 00:00:00

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2015-05-06 00:00:00

West Papua palm oil atlas

The companies behind the plantation explosion
2015-05-06 00:00:00 | Y.L. Franky and Selwyn Morgan
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to ICBC on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to China CITIC Bank on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to Bank of China on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to Bank of China on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to China CITIC Bank on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to ICBC on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to Ping An Bank on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to Wing Lung Bank on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to wing Lung Bank on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to Ping An Bank on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to China Development Bank on APRIL/RGE in chinese

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-09-02 00:00:00

Letter from EPN to China Development Bank on APRIL/RGE

2014-09-02 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Deutsche Bank on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Wells Fargo on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Sumitomo on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to RBS on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Citi on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to HSBC on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Goldman Sachs on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to JP Morgan Chase on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Barclays on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Mizuho on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Morgan Stanley on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to MUFG on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to BNP Parisbas on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Bank of America on APRIL/RGE

2014-08-29 00:00:00 | EPN
correspondenceprivate
2014-08-29 00:00:00

Letter from EPN to Credit Suisse on APRIL/RGE

2014-08-29 00:00:00 | EPN
ngo documents
2014-02-01 00:00:00

P&G's Dirty Secret

Media briefing on Greenpeace International’s investigation of how P&G’s palm oil suppliers are pushing Sumatran tigers and orang-utans closer to extinction
2014-02-01 00:00:00 | Greenpeace
ngo documents
2014-02-01 00:00:00

Procte & Gamble's Dirty Secret

2014-02-01 00:00:00 | Greenpeace

Media

RGE

Links

List of RGE and its Affiliates by EPN

http://rge.environmentalpaper.org/

RGE Sustainability framework

http://www.rgei.com/sustainability/sustainability-framework
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