Olam

Olam, headquartered in Singapore, is a leading food and agri-business company. For the financial year 2025, Olam reported a total of approximately 94.8 billion kg CO2e. This figure is composed of approximately 3.51 billion kg CO2e in Scope 1 emissions, around 290 million kg CO2e in Scope 2 (market-based) emissions, and approximately 89.73 billion kg CO2e attributed to Scope 3 emissions, with purchased goods and services being the largest contributor.

In 2024, Olam's total emissions were approximately 94.01 billion kg CO2e. This included about 3.79 billion kg CO2e from Scope 1, approximately 260 million kg CO2e from Scope 2 (market-based), and roughly 88.44 billion kg CO2e from Scope 3, predominantly from purchased goods and services.

Previously, in 2023, total emissions stood at approximately 87.4 billion kg CO2e, comprising about 4.37 billion kg CO2e for Scope 1, 250 million kg CO2e for Scope 2, and a significant 83.01 billion kg CO2e for Scope 3.

Olam has established robust climate commitments, including targets set by the Science Based Targets initiative (SBTi). Olam International Ltd. commits to a 50% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, against a 2017 baseline. Furthermore, Olam commits to reducing its Scope 3 GHG emissions by 50% per tonne of agricultural product by 2030, and an absolute Scope 3 GHG emissions reduction of 67% by 2050, also from a 2017 baseline.

Specific to Olam Agri, there is a target to reduce Scope 1, 2, and 3 GHG emissions by 42% by 2030, based on a 2022 baseline. Separately, the entity ofi has a sustainability strategy targeting a 50% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions by 2030, using a 2020 baseline. Olam also has a near-term goal to reduce CO2 emissions by 90,000 tonnes by 2026. These commitments aim to mitigate Olam's environmental impact and contribute to global climate goals.