Olam Sustainability Profile
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 75 is higher than 86% 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 carbon emissions of approximately 94,010,000,000 kg CO2e, with Scope 1 emissions at about 3,790,000,000 kg CO2e, Scope 2 emissions (market-based) at approximately 260,000,000 kg CO2e, and Scope 3 emissions at around 20,000,000 kg CO2e. The previous year, 2023, saw total emissions of about 87,400,000,000 kg CO2e, with Scope 1 at approximately 4,370,000,000 kg CO2e, Scope 2 at about 250,000,000 kg CO2e, and Scope 3 at around 83,010,000,000 kg CO2e. Olam has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030, with a target of achieving net-zero emissions by 2050, using a 2017 baseline. Additionally, the company 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 has committed to training 20,000 farmers and reducing CO2 emissions by 90,000 tonnes by 2026. Furthermore, Olam Agri targets a 42% reduction in Scope 1, 2, and 3 GHG emissions by 2030, based on 2022 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Olam's commitment to sustainable practices within the food production sector. The emissions data and reduction targets are sourced from Olam Group Limited, ensuring a comprehensive approach to climate accountability.
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| 2013 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,300,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 200,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 20,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000 |
How Carbon Intensive is Olam's Industry?
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Olam's Scope 3 Categories Breakdown
Olam's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2013, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 442200% of Scope 3 emissions.
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Olam's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Olam has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Olam's sustainability data and climate commitments