Olam

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Owned	SGP
Rating	N/A

Agribusiness


Olam International	SGP	website

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Olam International

CDP Forests Score of B

In 2019, 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 B.
Source: CDP (2019)

Trading rules violation

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)

Climate action commitments

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; develop low carbon action plan.
Source: We Mean Business (2017)

Cocoa & Forests Initiative signatory

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)

Sustainability claims

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)

42% in Forest 500 Rankings

The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 42%.
Source: Forest 500 (2019)

CDP Climate Change Score of C

In 2019, 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 (2019)

Chocolate scorecard

In 2020 Green America, Mighty Earth and Be Slavery Free released their Chocolate Guide, which breaks down company commitments and policies in regards to deforestation and child labour. It does not assess effectiveness or implementation. This company is rated as "Policy improvements needed".
Source: Be Slavery Free (2020)

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Type	Public company

Contact Details

Address	Singapore
Website	olamgroup.com

Olam

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