Felda Global Ventures (FGV) Holdings Bhd.
https://www.fgvholdings.comAbout
The Federal Land Development Authority (FELDA) was established in 1956 under the Land Development Ordinance (now Land Development Act) with the aim of resettling poor rural families on newly developed land to establish smallholdings for cash crop cultivation. FELDA's development model received recognition from the World Bank and United Nations for alleviating rural poverty in developing countries. In 2007, FELDA established the private corporate entity FGV Holdings to handle overseas investments across its agri-businesses including oil palm. Despite being one of the world's largest plantation operators, FGV Holdings has faced intense scrutiny from civil society groups over allegations of human rights violations and forced labour on its plantations. These allegations amounted to suspension from the RSPO in early 2020, and a Withhold Release Order (WRO) issued by the US Customs and Border Protection (CBP) on its products. Of its 48,000 employees, an estimated 31,000 are migrant workers.
RSPO Member : Yes
Market cap
1,250
Million USDLandbank
432,821
hectaresSupply chain position
Upstream - Downstream
Grower. Processor of crude palm oil and palm kernel oil. Refiner & Trader. Oleochemical producer.Refineries / capacity
6
Its six refinieries have a total capacity of 6,400 tonnes per day (TPD) of refining and 4,600 TPD of fractionation. In 2020, FGV produced 2,757,703 MT of palm oil (~3.5% of the world's supply)NDPE policy
Yes
No deforestation, No peat, No exploitationMarket served
International, Malaysian, Chinese, Indian
Parent Company
FELDA (The Federal Land Development Authority)
Subsidiaries
"FGV Plantations (Malaysia) Sdn. Bhd., FGV Palm Industries Sdn. Bhd., Pontian United Plantations Berhad, FGV Agri Services Sdn. Bhd., PT Citra Niaga Perkasa (Indonesia), PT Patisindo Sawit (PTPS) (Indonesia), PT Temila Agro Abadi (Indonesia), Asian Plantations Limited, FGV Kalimantan Sdn. Bhd. FGV Refineries Sdn. Bhd., FGV Biotechnologies (oleochemicals), Twin Rivers Technology (US, oleochemicals) and a joint venture company, FGV Procter Gamble (oleochemicals)"
Products
Crude palm oil; RBD palm olein and stearin; crude kernel oil and cake; palm fatty acid distillate (PFAD); fatty acids; glycerine; fatty alcohols and fatty esters; speciality oleochemicals
Resources
Malaysia's FGV fell short of labor norms, palm industry watchdog says
January 15, 2020FGV says it will proceed with recruitment of 1,210 Indonesian workers despite temporary ban
July 20, 2022FGV holdings to renew RSPO certification schedule
April 24, 2022Palm oil and human rights: Malaysia striving to improve reputation and appease US over labour standards
January 27, 2022Certification fails to transform the palm oil industry – what next?
February 23, 2021Continue reading
