07 Aug FAP Agri’s Statement Regarding the News
Warm Greetings from FAPA,
As a public company, PT FAP Agri Tbk (FAPA) remains committed to good governance with transparency in accordance with applicable regulations.
In response to recent online investigative reports suggesting that FAPA is a shell company of a corporation and practices irresponsible behavior, we wish to provide some clarifications. FAPA is a publicly traded company managed independently by professional human resources. We believe there is a significant responsibility to adhere to ethical, legal, and good corporate governance aspects to ensure the sustainable and beneficial operation of the company.
To reinforce this commitment, FAPA has implemented a range of industry-aligned practices. All processes related to the management of our plantations adhere to policies such as NDPE (No Deforestation, No Peat, No Exploitation), including High Conservation Value (HCV), High Carbon Stock (HCS), Free, Prior, and Informed Consent (FPIC), and Social Impact Assessment (SIA). We continuously enhance the quality of our social relationships with stakeholders through a framework of action that prioritizes collaboration. We also provide a grievance channel on our website for stakeholders to voice their concerns.
Therefore, we firmly reject any reports suggesting that we engage in irresponsible practices, including claims that FAPA has legal, financial, or operational ties with any business group not listed as our subsidiary.
You can download this announcement document here.
—- End —
About PT FAP Agri (Tbk)
FAP Agri is a leading palm oil plantation company with a total planted area of over 80,000 hectares spread across North Kalimantan, East Kalimantan, and Riau. The company operates an integrated system that produces Fresh Fruit Bunches (FFB) into Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO).
As a public company, FAP Agri continues to focus not only on sustainable palm oil production but also on environmental and social responsibility. Committed to sustainability principles, the company engages in various initiatives to minimize negative impacts on the environment and surrounding communities. From responsible forest management policies to community empowerment programs, FAP Agri strives to be a positive change agent in the plantation industry.
As a public company, FAP Agri also prioritizes transparency and accountability as core principles in its operations. Through clear and open financial reporting, the company communicates with stakeholders and builds strong trust among investors, business partners, and the broader community. Thus, FAP Agri not only aims to be a leader in the palm oil plantation industry but also to set an example for responsible and sustainable business practices.