Two S’pore-listed palm oil firms named in Greenpeace report on Indonesian plantation fires
Mainboard-listed First Resources has disputed suggestions that the fires originated from its plantations.
Two Singapore-listed palm oil firms, Bumitama Agri and First Resources, have been implicated in an environmental investigation by Greenpeace, which identified plantation areas in Indonesia where fires and smoke were detected. The third firm named in the report, First Borneo Plantations, possesses ownership connections to Singapore-incorporated companies.
The investigation, based on satellite data and corporate ownership analysis, traced links between the affected plantations and the companies. Mainboard-listed First Resources has denied responsibility for the fires, stating that their origin cannot be determined solely by satellite observations. Greenpeace's findings, however, identified a concession operated by Kayung Agro Lestari, a subsidiary of Indonesian palm oil producer Austindo Nusantara Jaya, which was acquired by First Resources in May 2025, as one of the areas where fires and smoke were observed.
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