Olam
Olam Group, a leading global agri-business, is headquartered in Singapore (SG) and operates across key regions including Africa, Asia, and the Americas. Founded in 1989, Olam has established itself as a significant player in the food and agribusiness sector, focusing on sourcing, processing, and trading a diverse range of agricultural products. The company’s core offerings include cocoa, coffee, nuts, spices, and grains, distinguished by their commitment to sustainability and innovation. Olam's unique approach integrates the entire supply chain, ensuring quality and traceability from farm to consumer. With a strong market position, Olam has received numerous accolades for its sustainable practices and has been recognised for its contributions to food security and rural development.
DitchCarbon Score
How does Olam's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Olam's score of 67 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Olam's reported carbon emissions
In 2024, Olam International Ltd., headquartered in Singapore (SG), reported total carbon emissions of approximately 94,070,000,000 kg CO2e. This figure includes 3,790,000,000 kg CO2e from Scope 1 emissions, 260,000,000 kg CO2e from Scope 2 emissions (market-based), and a significant 94,010,000,000 kg CO2e from Scope 3 emissions, primarily from purchased goods and services. Olam has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030, with a long-term goal of achieving net-zero emissions by 2050. These targets are based on a 2017 baseline. Additionally, Olam aims to reduce Scope 3 emissions by 50% per tonne of agricultural product by 2030 and achieve a 67% reduction in absolute Scope 3 emissions by 2050. In the near term, Olam is also focused on training 20,000 farmers and reducing CO2 emissions by 90,000 tonnes by 2026, alongside empowering 2,500 women farmers as leaders and entrepreneurs. Furthermore, Olam Agri has committed to reducing GHG emissions across all scopes by 42% from a 2022 baseline by 2030. These initiatives reflect Olam's commitment to sustainability and its alignment with the Science Based Targets initiative (SBTi), ensuring that its emissions reduction strategies are consistent with global climate goals.
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| 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,520,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 60,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Olam is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
