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 70 is higher than 99% 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. reported total greenhouse gas (GHG) emissions of approximately 94,010,000,000 kg CO2e, with emissions distributed across various scopes: 3,790,000,000 kg CO2e from Scope 1, 260,000,000 kg CO2e from Scope 2 (market-based), and a significant 94,010,000,000 kg CO2e from Scope 3. This data highlights the company's substantial carbon footprint, particularly in its supply chain activities. Olam has set ambitious climate commitments, aiming for net-zero GHG emissions by 2050. The company targets a 42% reduction in Scope 1, 2, and 3 emissions by 2030, using 2022 as the baseline year. Additionally, Olam's subsidiary, ofi, is working towards a 50% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by 2030, against a 2020 baseline. The company has also committed to reducing absolute Scope 1 and 2 emissions by 50% by 2030 and achieving 100% reduction by 2050, alongside a 67% reduction in absolute Scope 3 emissions by 2050, all from a 2017 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect Olam's commitment to sustainable practices in the food and agricultural sector.
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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.
