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 94,010,000,000 kg CO2e. This figure includes Scope 1 emissions of about 3,790,000,000 kg CO2e, Scope 2 emissions of approximately 260,000,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 88,440,000,000 kg CO2e, primarily from purchased goods and services. Olam has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 emissions by 2030 and 100% by 2050, using 2017 as the baseline year. Additionally, the company targets a 50% reduction in Scope 3 emissions per tonne of agricultural product by 2030 and 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. In the near term, Olam plans to train 20,000 farmers and reduce CO2 emissions by 90,000 tonnes by 2026, while also empowering 2,500 women farmers as leaders and entrepreneurs. Furthermore, Olam Agri aims to reduce GHG emissions across all scopes by 42% from a 2022 baseline by 2030. Overall, Olam's comprehensive approach to reducing carbon emissions reflects its commitment to sustainability and climate action within the food production sector.
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| 2013 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,300,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 200,000,000 | 000,000,000 | 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 | 00,000,000,000 | 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.
