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Olam International Ltd

Company Profile: Olam International Ltd

  • Parent company:
    Temasek Holdings (51.4%)
  • Landbank (total):
    2,600,000 hectares
  • Landbank (oil palm):
    110,963 hectares
  • Market cap:
    4,126,934,567 USD
  • Thomson Reuters ticker:
    OLAM.SI
  • Bloomberg ticker:
    OLAM SP
  • ISIN:
    SG1Q75923504
  • RSPO member?
    Yes
  • Activities:
    Oil palm cultivation, processing of crude palm oil (CPO) and palm kernel (PK), producing palm oil derivatives, food and feed production, commodity trading
  • Locations:
    Gabon, Ivory Coast
  • Headquarters:
    Singapore
  • Links to other SPOTT companies:
    Olam International has a joint venture smallholder scheme in Gabon with the Republic of Gabon who has 51% equity ownership, while Olam holds 49% ownership and will lead in development and management. Olam International also has a joint venture in the Ivory Coast with Wilmar International.
  • Website:

Company Assessment: Olam International Ltd

SPOTT assesses companies against more than 50 indicators across seven categories. Use the timeline to review past assessments. Click on an icon or bar to expand the category for further information, links to sources and best practice advice.

Total: 36 / 47* 76.6%
  • RSPO reporting requirements 8 / 9 88.9%
    • Q: 1.1. Is the company an RSPO member?

      A: Yes, Olam International Limited has been an RSPO member since 2011.

      1 / 1 | Source

    • Q: 1.2. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?

      A: Yes

      1 / 1 | Source

    • Q: 1.3.1. In the company's  most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?

      A: Yes, Olam refers to itself as an oil palm grower.

      1 / 1 | Source

    • Q: 1.3.2. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?

      A: Yes. Olam International states all the countries in which the company assumes management control of its plantation estates. It operates in Gabon and has a joint venture in Cote d'Ivoire in which it was a minority stake with no management control.

      1 / 1 | Source

    • Q: 1.4.1. Has the company RSPO-certified its first plantation estate: a) By November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007? b) Within three years of joining the RSPO or of acquiring plantation operations as an RSPO member?

      A: No. Olam joined the RSPO in 2011, but did not certify its first estate until 2016, due it not having built a mill until 2015. Olam International has a time-bound plan for 100% certification of groups by 2021, for the operations in which the company assumes management control.

      0 / 1 | Source

    • Q: 1.4.2. Has the company missed any of its public targets to be 100% RSPO-certified?

      A: No

      No score

    • Q: 1.5. What percentage of the company's total plantation estates is RSPO-certified?

      A: 90% of Olam's plantations are RSPO-certified

      Calculation: 28,366 ha (total area RSPO-certified) divided by 31,501 ha (planted area) x 100

      4 / 4 | Source

    • Q: 1.6. Are the company's RSPO Principles and Criteria certification assessments publicly available?

      A: Yes

      No score | Source

    • Q: 1.7.1. Have the first of the company's independent FFB suppliers achieved RSPO certification?

      A: This indicator has been disabled as Olam International does not currently have any independent FFB suppliers. Olam has a time bound plan to achieve 100% certification of independently sourced FFB by 2018.

      N/A | Source

    • Q: 1.7.2. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?

      A: This indicator has been disabled as Olam International does not currently have any independent FFB suppliers. Olam has a time bound plan to achieve 100% certification of independently sourced FFB by 2018.

      No score | Source

    • Q: 1.8.1. Has the company RSPO-certified its first scheme smallholders?

      A: Indicator disabled as Olam currently has no FFB supplied from scheme smallholders. However, Olam has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake.

      N/A | Source

    • Q: 1.8.2. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?

      A: Indicator disabled as Olam currently has no FFB supplied from scheme smallholders. However, Olam has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake. Olam has a time bound plan to achieve 100% certification of smallholders by 2018.

      No score | Source

    • Q: 1.9. What percentage of the company's scheme smallholder plantations is RSPO-certified?

      A: Indicator disabled as Olam currently has no FFB supplied from scheme smallholders. However, Olam has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake.

      N/A | Source

    • Q: 1.10. Does the company have any open complaints filed through the RSPO complaints system?

      A: No

      No score

  • Landbank and maps 5 / 6 83.3%
    • Q: 2.1.1. Does the company have a publicly available statement detailing its land acquisition criteria?

      A: Yes

      1 / 1 | Source

    • Q: 2.1.2. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 2.2.1. Has the company publicly disclosed its total landbank area for oil palm cultivation?

      A: Yes, landbank for oil palm cultivation is 51,707 ha (this figure only includes areas where the company assumes management control of its plantation estates). Olam also has a total leased landbank of 300,000 ha, of which 110,963 is currently being developed in Gabon in a joint venture with the Government of the Republic of Gabon.

      1 / 1 | Source

    • Q: 2.2.2. Has the company publicly disclosed its total planted area?

      A: Yes, planted area is 31,501 ha (this figure only includes areas where the company assumes management control of its plantation estates).

      1 / 1 | Source

    • Q: 2.2.3. Has the company publicly disclosed its total scheme smallholder area?

      A: This indicator is disabled as Olam currently has no FFB supplied from scheme smallholders. However, Olam has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake.

      N/A | Source

    • Q: 2.2.4. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?

      A: Yes, landbank for conservation is 58,941 ha (this figure only includes areas where the company assumes management control of its plantation estates).

      1 / 1 | Source

    • Q: 2.3.1. Are all of the company's concession maps publicly available for all countries in which it operates?

      A: Concession boundaries have been made available to the RSPO, but not all are publicly available due to ongoing legal issues.

      1 / 1 | Source

    • Q: 2.3.2. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?

      A: This indicator is disabled as Olam currently has no scheme smallholders.

      N/A

  • Environmental management 13 / 14 92.9%
    • Q: 3.1.1. Does the company have a publicly available statement to address deforestation resulting from its operations?

      A: Yes, Olam has a commitment to 'no deforestation or conversion' of High Conservation Value (HCV) forests and ecosystems and High Carbon Stock (HCS) forests.

      1 / 1 | Source

    • Q: 3.1.2. Does this statement apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1 | Source

    • Q: 3.2.1. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.2.2. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?

      A: Yes

      1 / 1 | Source

    • Q: 3.3.1. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.3.2. Are all SEIA assessments conducted after November 2005 publicly available?

      A: Yes, there is public availability of all SEIA assessments:
      Gabon: Olam Palm Gabon - Mouila Lot 1; Olam Palm Gabon - Mouila Lot 2; Olam Palm Gabon - Lots 8, 9 & 11; Olam Palm Gabon - Mouila Oil Palm Nursery Site; Olam Palm Gabon - Mouila Lot 3

      1 / 1 | Source

    • Q: 3.4.1. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.4.2. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

      A: Yes, Olam states it is committed to HCV assessments being conducted by independent assessors and peer reviewed as required per the HCV Assessor Licensing Scheme.

      1 / 1 | Source

    • Q: 3.4.3. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?

      A: Yes, there is public availability of all HCV assessments:

      Gabon: Olam Palm Gabon - Mouila Lot 1; Olam Palm Gabon - Mouila Lot 2; Olam Palm Gabon - Lots 8, 9 & 11; Olam Palm Gabon - Mouila Oil Palm Nursery Site; Olam Palm Gabon - Mouila Lot 3

      1 / 1 | Source

    • Q: 3.4.4. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?

      A: There is public availability of all HCV management plans:

      Gabon: Olam Palm Gabon - Mouila Lot 1; Olam Palm Gabon - Mouila Lot 2; Olam Palm Gabon - Lots 8, 9 & 11; Olam Palm Gabon - Mouila Oil Palm Nursery Site; Olam Palm Gabon - Mouila Lot 3

      1 / 1 | Source

    • Q: 3.5. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?

      A: Yes

      1 / 1 | Source

    • Q: 3.6. Does the company have a publicly available Water Management Plan or equivalent for its operations?

      A: Yes

      1 / 1 | Source

    • Q: 3.7. Does the company have a publicly available Integrated Pest Management Plan for its operations?

      A: No. Olam states that the company is a 'strong advocate' of Integrated Pest Management, but does not specify details of IPM being implemented in its oil palm operations.

      0 / 1 | Source

    • Q: 3.8. Does the company have a publicly available commitment to not use WHO Class 1A and 1B pesticides and paraquat, or time-bound plan for phasing out their use?

      A: Yes. Olam states that it has 'ceased the used of paraquat since 2012', and will only use WHO 1A & 1B class pesticides 'in exceptional circumstances where no alternatives are available'.

      1 / 1 | Source

    • Q: 3.9. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?

      A: Please find the relevant media stories listed in the media monitor below.

      No score

  • Fragile, marginal and peat soils 2 / 2 100%
    • Q: 4.1.1. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?

      A: Yes. Olam has a commitment to no deforestation or conversion of peatlands.

      1 / 1 | Source

    • Q: 4.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1 | Source

    • Q: 4.2. What percentage of the company's landbank for oil palm cultivation is located on peat?

      A: No information could be found using the research protocols

      No score

  • Zero burning 0 / 2 0%
    • Q: 5.1.1. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?

      A: No. The company commits to 'no use of fire during new plantings', but not to a strict zero burning policy.

      0 / 1

    • Q: 5.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 5.2. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders’ or independent FFB suppliers’ plantations?

      A: No relevant media stories could be found

      No score

  • Greenhouse gas emissions 3 / 6 50%
    • Q: 6.1.1. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      A: Yes, Olam set a target to 'achieve a 10% reduction in GHG intensity' by 2020. It reported having achieved this target in 2015 and is determining a revised target for 2020 during 2016.

      1 / 1 | Source

    • Q: 6.1.2. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols.

      0 / 1

    • Q: 6.2. Does the company publicly report on progress made towards achieving its time-bound plan?

      A: Yes

      1 / 1 | Source

    • Q: 6.3. Does the company publicly report its GHG emissions from land use change associated with new planting?

      A: Yes

      1 / 1 | Source

    • Q: 6.4. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?

      A: No. The company only states it will establish 'methane capture from palm oil mill effluent'.

      0 / 1 | Source

    • Q: 6.5. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?

      A: No. However, Olam is planning to build methane capture facility at its Awala mill in 2017.

      0 / 1 | Source

  • Traceability 5 / 8 62.5%
    • Q: 7.1. Are all of the company's mill locations publicly available for all countries in which it operates?

      A: Yes, coordinates for mills are publicly available.

      1 / 1 | Source

    • Q: 7.2. What percentage of the company's total palm oil mills is RSPO-certified?

      A: 100% of Olam's mills are RSPO-certified

      Calculation: 1 (stated number of palm oil mills RSPO-certified) divided by 1 (stated number of palm oil mills operated) x 100

      4 / 4 | Source

    • Q: 7.3. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?

      A: This indicator has been disabled as Olam International does not currently have any independent FFB suppliers

      N/A | Source

    • Q: 7.4. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 7.5. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?

      A: Mass Balance

      0 / 2 | Source

Trend Tracker: Olam International Ltd

SPOTT's Trend Tracker displays score changes across seven indicator categories over time. Return to the full company assessment for more detail, and check the Updates page for a narrative of changes.

Click an icon to show only the corresponding category tracking line and the axis will adjust accordingly. Please note that trends are only available for companies with previous assessments.

Media Monitor: Olam International Ltd

SPOTT's Media Monitor gathers reports and stories from global media sources, covering specific company activities related to the environmental management (deforestation and wildlife conflict) and zero burning (fires and haze) categories. ZSL does not assess the validity of these reports and stories, and cannot guarantee their substantiation.

Deforestation and wildlife conflict

Fires and haze

No articles available

Map of Concessions: Olam International Ltd

Explore our interactive mapping tool for a satellite view of deforestation and fires in and around concession sites of companies featured on the SPOTT scorecard. These data can support SPOTT users in conducting further research to verify whether or not company commitments are being implemented on the ground.

Use the map search bar to find specific company concessions or locations. Click the concession sites marked by pins to zoom in for more information, then go to the company pages of featured concessions to view their assessments.