Olam
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OVERALL |
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Owned |
SGP |
Rating |
N/A |
Agribusiness
Olam International | SGP | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Olam International | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of B.
Source: CDP (2023)
The 2021 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #23/350, with a total score of 43.4/100.
Source: World Benchmarking Alliance (2021) |
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 29%.
Source: Forest 500 (2023)
Be Slavery Free's 2024 Chocolate Scorecard rates all the major chocolate companies on their labour and environmental policies and practices. Companies were asked questions in six areas: traceability and transparency; living income; child labor; deforestation and climate; agroforestry; and pesticides. This company received an orange rating: "Needs improvement in policy and practice".
Source: Be Slavery Free (2024)
In 2015 the US Commodity Futures Trading Commission (CFTC) issued an order filing and simultaneously settling charges against Olam International Ltd which operates a futures trading desk in London, England and its subsidiary Olam Americas, Inc which operates a trading desk there. The CFTC Order requires Olam International and Olam Americas to pay a $3m civil monetary penalty and prohibits them from committing future violations of the Commodity Exchange Act and CFTC Regulations, as charged when they failed to disclose that trading accounts between their trading desks were not independently controlled.
Source: CFTC (2015) |
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target; climate smart agriculture.
Source: We Mean Business (2021)
This company has sustainability claims on its website in areas that include living landscapes, plantations and farms, sustainable palm oil, animal welfare and supply chains.
Source: company website (2020)
This company is a member of the Cocoa & Forests Initiative, demonstrating a commitment to no further conversion of any forest land for cocoa production in Ghana and Cote d'Ivoire. On March 2019, thirty-three company signatories, accounting for about 85% of global cocoa usage, released detailed individual action plans. The action plans focus on forest protection and restoration, sustainable cocoa production and farmers' livelihoods, and community engagement and social inclusion.
Source: World Cocoa Foundation (2020)
This company has products that have been verified as compliant with the Non-GMO Project Standard, North America's only independent verification for products made according to best practices for GMO avoidance.
Source: Non-GMO Project (2021)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests score of C.
Source: CDP (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of C.
Source: CDP (2023) |
Company Details
Type | Public company |
Contact Details
Address | Singapore |
Website | olamgroup.com |