Sinar Mas controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Alleged clearing by APP suppliers
The Anti Forest Mafia Coalition alleged that two APP suppliers in East Kalimantan had cleared nearly 32,000 hectares of natural forest in breach of APP’s stated no-deforestation commitment.
2015
Berau-related notes and restructuring disputes
Berau Capital Resources issued US$450 million of guaranteed senior secured notes, and Berau Coal Energy later issued US$500 million of guaranteed senior notes. Both instruments subsequently went into default, while multiple restructuring and moratorium proceedings failed or remained contested.
2010
Palm-oil sourcing and rainforest controversy
Greenpeace and other environmental campaigners accused PT SMART and related Sinar Mas operations of contributing to deforestation and destruction of rainforest and orangutan habitat. Several customers and counterparties reviewed or suspended purchases.
2001
Asia Pulp & Paper debt default
Asia Pulp & Paper called a standstill on approximately US$14 billion of bonds and loans and stopped making scheduled debt and interest payments. The cited account describes it as the largest default to foreign investors in Asian market history.
Haze and concession-fire allegations
Sinar Mas was identified in the cited account among companies associated with hazardous haze affecting Singapore and Malaysia. The company disputed the inference that fires in concession areas proved it had started them and cited its zero-burning policy.