-
Overall approach9/12
-
Overarching commitment on deforestation3/4
-
Signatory to an initiative tackling deforestation1/1
-
Awareness of the value of forests1/1
-
Deforestation as a business risk1/1
-
High-level management of deforestion1/1
-
Executive compensation linked to deforestation
-
Target to reduce emissions from land-use change2/2
-
Reporting on emissions from land-use change0/2
-
Disclosure of conservation activity
-
Disclosure of reforestation activity
-
Target to reduce emissions in scope 1/2
-
-
Commodity score34/88
-
Soy20/88
-
Commitment Strength0/20
-
Commitment to protect priority forests0/11
-
Commitment detailsNo commitment0/8
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1
-
Interim target dateNo0/0.5
-
-
Commitment to a traceable supply chain0/9
-
Commitment detailsNo traceability commitment0/5.3
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1
-
Interim target dateNo0/0.5
-
-
-
Social Considerations14/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersYes4/4
-
Gender equality in the supply chain2/4
-
Commitment to remediationNo0/2
-
Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions4/4
-
Commitment to resolve land conflictsNo
-
-
Reporting and Implementation6/50
-
Reporting against commitments0/3
-
Commitment to protect priority forestsNo0/2.5
-
Commitment to a traceable supply chainNo0/2.5
-
-
Reporting is independently verified0/2
-
Commitment to protect priority forestsNo0/1.5
-
Commitment to a traceable supply chainNo0/1.5
-
-
Suppliers aligned with deforestation commitments across supply chainNo0/2
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawYes2/2
-
Accessible grievance mechanismYes, publicly accessible grievance mechanism2/4
-
Report volumes of commodityNo reporting0/2
-
Report verified volumes of commodityNo disclosure0/6
-
Upstream: Monitor compliance with human rightsYes, commit to monitoring compliance with labour/worker rights2/4
-
Upstream: Impact assessments for land development/acquisitionNo0/4
-
Upstream: Reporting production/processing locationsNo disclosure0/4
-
Downstream: Publishing supplier listsNo0/4
-
Upstream: Monitor compliance of production/processingNo0/4
-
Upstream: Reporting hectares of deforestationNo0/4
-
Downstream: Monitor compliance in supply chainNo0/4
-
Downstream: Reporting hectares of deforestationNo0/4
-
Downstream: Engagement with non-compliant suppliersNo engagement or exclusion0/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
Timber36/88
-
Commitment Strength4/20
-
Commitment to protect priority forests4/11
-
Commitment detailsCredible certification scheme2.7/8
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateCurrent/achieved1/1
-
Interim target dateNA (target date current or achieved or 2022)0.5/0.5
-
-
Commitment to a traceable supply chain0/9
-
Commitment detailsNo traceability commitment0/5.3
-
Commitment applies to all regions, suppliers and operationNo0/2
-
Target dateNo target date0/1
-
Interim target dateNo0/0.5
-
-
-
Social Considerations12/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersNo0/4
-
Gender equality in the supply chain2/4
-
Commitment to remediationYes2/2
-
Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions4/4
-
Commitment to resolve land conflictsNo
-
-
Reporting and Implementation20/50
-
Reporting against commitments3/3
-
Commitment to protect priority forestsYes, for all commodity exposure2.5/2.5
-
Commitment to a traceable supply chainNo0/2.5
-
-
Reporting is independently verified2/2
-
Commitment to protect priority forestsYes, using a third-party verification scheme or certification scheme.1.5/1.5
-
Commitment to a traceable supply chainNo0/1.5
-
-
Suppliers aligned with deforestation commitments across supply chainNo0/2
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskYes2/2
-
Operations assessed to comply with lawYes2/2
-
Accessible grievance mechanismYes, publicly accessible grievance mechanism2/4
-
Report volumes of commodityNo reporting0/2
-
Report verified volumes of commodityNo disclosure0/6
-
Upstream: Monitor compliance with human rightsYes, commit to monitoring compliance with labour/worker rights2/4
-
Upstream: Impact assessments for land development/acquisitionYes4/4
-
Upstream: Reporting production/processing locationsReports location of un-certified land holdings; Reports location of company-owned processing facilities2/4
-
Downstream: Publishing supplier listsNo0/4
-
Upstream: Monitor compliance of production/processingYes, using an internal verification system4/4
-
Upstream: Reporting hectares of deforestationNo0/4
-
Downstream: Monitor compliance in supply chainYes, for its suppliers3/4
-
Downstream: Reporting hectares of deforestationNo0/4
-
Downstream: Engagement with non-compliant suppliersEngage with suppliers with a time-bound threat of exclusion2/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
Palm oil *75/88
-
Commitment Strength18/20
-
Commitment to protect priority forests6/8
-
Commitment detailsZero-gross deforestation4/6
-
Commitment applies to all regions, suppliers and operationYes1.3/1.3
-
Target date20210.7/0.7
-
Interim target dateNo0/0.3
-
-
Commitment to protect High Carbon Stock areas and/or peatlands5/5
-
Commitment detailsYes3/3
-
Commitment applies to all regions, suppliers and operationYes1.3/1.3
-
Target date20210.7/0.7
-
Interim target dateNA (target date current or achieved or 2022)0.3/0.3
-
-
Commitment to a traceable supply chain6/6
-
Commitment detailsTraces to Point of production4/4
-
Commitment applies to all regions, suppliers and operationYes1.3/1.3
-
Target dateCurrent/achieved0.7/0.7
-
Interim target dateNA (target date current or achieved or 2022)0.3/0.3
-
-
-
Social Considerations18/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersYes4/4
-
Gender equality in the supply chainCommitment to address the inclusion of women and ensure equality in commodity supply chains4/4
-
Commitment to remediationYes2/2
-
Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions4/4
-
Commitment to resolve land conflictsYes
-
-
Reporting and Implementation39/50
-
Reporting against commitments2/2
-
Commitment to protect priority forestsYes, for all commodity exposure1.7/1.7
-
Commitment to protect High Carbon Stock areas and/or peatlandsYes, for all commodity exposure1.7/1.7
-
Commitment to a traceable supply chainYes, for all commodity exposure1.7/1.7
-
-
Reporting is independently verified1/1
-
Commitment to protect priority forestsYes, using a third-party verification scheme or certification scheme.1/1
-
Commitment to protect High Carbon Stock areas and/or peatlandsYes, using a third-party verification scheme or certification scheme.1/1
-
Commitment to a traceable supply chainNo0/1
-
-
Suppliers aligned with deforestation commitments across supply chainYes, encouraged0/2
-
Deforestation cut off dateYes, for all sourcing regions/operations2/2
-
Collaborative actionsYes2/2
-
Risk assessments for forest riskYes2/2
-
Operations assessed to comply with lawYes2/2
-
Accessible grievance mechanismYes, and published details of any grievances within the last two years (2019-2021)4/4
-
Report volumes of commodityReporting total volume2/2
-
Report verified volumes of commodity100%6/6
-
Upstream: Monitor compliance with human rightsYes, commit to monitoring compliance with labour/worker rights2/4
-
Upstream: Impact assessments for land development/acquisitionYes4/4
-
Upstream: Reporting production/processing locationsReports location of certified land holdings only; Reports location of company-owned processing facilities2/4
-
Downstream: Publishing supplier listsYes, report direct suppliers2/4
-
Upstream: Monitor compliance of production/processingYes, using an internal verification system4/4
-
Upstream: Reporting hectares of deforestationNo0/4
-
Downstream: Monitor compliance in supply chainYes, for its suppliers production or primary processing operations in its supply chains4/4
-
Downstream: Reporting hectares of deforestationNo0/4
-
Downstream: Engagement with non-compliant suppliersSuspend suppliers, engage to bring into compliance, and reintroduce to the supply chain2/2
-
Downstream: Disclosure of non-compliant suppliersYes, engaged; Yes, excluded2/2
-
-
-
Pulp & Paper *20/88
-
Commitment Strength0/20
-
Commitment to protect priority forests0/8
-
Commitment detailsNo commitment0/6
-
Commitment applies to all regions, suppliers and operationNo0/1.3
-
Target dateNo target date0/0.7
-
Interim target dateNo0/0.3
-
-
Commitment to reduce use of virgin wood fibre0/5
-
Commitment detailsNo0/3
-
Commitment applies to all regions, suppliers and operationNo0/1.3
-
Target dateNo target date0/0.7
-
Interim target dateNo0/0.3
-
-
Commitment to a traceable supply chain0/6
-
Commitment detailsNo traceability commitment0/4
-
Commitment applies to all regions, suppliers and operationNo0/1.3
-
Target dateNo target date0/0.7
-
Interim target dateNo0/0.3
-
-
-
Social Considerations12/18
-
Labour rights in the supply chainYes4/4
-
Inclusion of small-scale farmersNo0/4
-
Gender equality in the supply chain2/4
-
Commitment to remediationYes2/2
-
Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions4/4
-
Commitment to resolve land conflictsNo
-
-
Reporting and Implementation8/50
-
Reporting against commitments0/2
-
Commitment to protect priority forestsNo0/1.7
-
Commitment to reduce use of virgin wood fibreNo0/1.7
-
Commitment to a traceable supply chainNo0/1.7
-
-
Reporting is independently verified0/1
-
Commitment to protect priority forestsNo0/1
-
Commitment to reduce use of virgin wood fibreNo0/1
-
Commitment to a traceable supply chainNo0/1
-
-
Suppliers aligned with deforestation commitments across supply chainNo0/2
-
Deforestation cut off dateNo0/2
-
Collaborative actionsNo0/2
-
Risk assessments for forest riskNo0/2
-
Operations assessed to comply with lawYes2/2
-
Accessible grievance mechanismYes, and published details of any grievances within the last two years (2019-2021)4/4
-
Report volumes of commodityNo reporting0/2
-
Report verified volumes of commodityNo disclosure0/6
-
Upstream: Monitor compliance with human rightsYes, commit to monitoring compliance with labour/worker rights2/4
-
Downstream: Publishing supplier listsNo0/4
-
Downstream: Monitor compliance in supply chainNo0/4
-
Downstream: Reporting hectares of deforestationNo0/4
-
Downstream: Engagement with non-compliant suppliersNo engagement or exclusion0/2
-
Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
-
-
-
-
Commitment strength4/20
-
Reporting and Implementation16/50
-
Social considerations14/18
* commodity scores for which a company is not a powerbroker are given half the weighting of other commodities in total scores
Profile
Olam international is a leading agricultural commodity business operating throughout the supply chain across 70 countries. It is a global market leader in many agricultural commodities such as cocoa and coffee, but also is a major player in African oil palm and forestry. Olam’s subsidiary, Congolaise Industrielle de Bois (CIB) operates forestry concessions in the Republic of Congo. The company is also active in soy cultivation and processing in South America and Africa. Olam International is selected as a powerbroker for soy and timber and is also assessed for its exposure to palm oil, soy and paper packaging.
Disclaimer
This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.
All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.
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