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 59 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 2023, Olam International Ltd. reported total greenhouse gas (GHG) emissions of approximately 87,400,000,000 kg CO2e, with Scope 1 emissions at about 4,370,000,000 kg CO2e, Scope 2 emissions at approximately 250,000,000 kg CO2e, and Scope 3 emissions reaching around 81,540,000,000 kg CO2e. This reflects a significant commitment to addressing climate change, as Olam aims to achieve net-zero GHG emissions by 2050. Olam has set ambitious reduction targets, committing to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 and 100% by 2050, using 2017 as the base year. Additionally, the company plans to cut Scope 3 GHG emissions by 50% per tonne of agricultural product by 2030 and achieve a 67% reduction in absolute Scope 3 emissions by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. Olam's strategy includes enhancing farmers' livelihoods and safeguarding human rights while pursuing these environmental goals. The company is actively working towards these commitments through its global operations, reflecting a strong dedication to sustainability in the food production sector.
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| 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 |
| Scope 2 | 60,000,000 | 00,000,000 | 00,000,000 | 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 |
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.
