Korindo Group
palm oil

Korindo Group



Established in 1969 with primary interest in hardwood development. Korindo began oil palm plantation development in 1995 and tit is now the biggest palm oil company operating in Papua, Indonesia. It operates oil palm plantations and processing mills, but has made it clear that it plans to enter the refinery business. In recent years, the group has faced increased controversy over land disputes, poor plantation management practices and fire hotspots within their concessions.

RSPO Member : No RSPO Member : No

Environmental, Social, Governance Rating (SPOTT)


Korindo rates poorly because of its record of widespread deforestation in Papua and evicting indigenous groups from their land and the complete lack of transparency along its supply chains.

Environmental, Social, Governance (ESG) rating from SPOTT - Sustainability Policy Transparency Toolkit.
Korindo Group map

Market cap

Private company



hectares (across Indonesia)

Supply chain position


Grower of oil palm | Processor and trader of crude palm oil and palm kernel oil

Refineries / capacity


Korindo does not operate any CPO refineries.

NDPE Policy


No Deforestation, No peat, No exploitation

Market served

International, South East Asian

Parent Company



PT Tunas Sawa Eerma, PT Dongin Prabhawa, PT Papua Agro Lestari (PAL) and PT Gelora Mandiri Membangun (GMM)


Crude palm oil and crude palm kernel oil


Mighty Earth
Palm Oil Firm Korindo Aims to Silence NGOs With Baseless “SLAPP” Lawsuit
January 19, 2021
China Dialogue
South Korea’s finance of ‘green’ palm oil drives destruction in Indonesia
December 23, 2021
Chain Reaction Research
The Chain: Suspended Palm Oil Company Korindo Turns to Biofuel Market
April 10, 2019
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