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11 Dec 2016

Temasek (Singapore)

Temasek Statement in Relation to Olam International's Response to Mighty Earth and Brainforest Report

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Olam’s operations are properly matters for the board and management of Olam to address. As a matter of proper governance, Temasek does not direct the business operations of our portfolio companies, including Olam. We have stated openly and in many forums, that we fully support no burn policies for land clearance, and would urge oil palm companies and plantation owners to do the same. Haze from large scale fires, and the fires themselves whether deliberate or natural, are a major health hazard, and may have long term implications. Hence, it is important that all players, individuals, companies and governments, work together to prevent, minimize and mitigate such risks to people and our environment.

Part of the following stories

Un nouveau rapport montre comment le développement d'Olam menace les forêts d'Asie du Sud-Est et du Gabon; l'entreprise répond

Olam creating "black box" of palm oil from unknown sources, fuelling deforestation "from Gabon to Indonesia" - NGO report