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Palm oil assessments

Established in 1989, Singapore based commodity producer and trader Olam grows, sources, trades and processes

  • Parent company:
    Temasek Holdings (51.4%)
  • Landbank (oil palm):
    144,254 hectares
  • Market cap:
    4,136,120,010 USD
  • Thomson Reuters ticker:
    OLAM.SI
  • Bloomberg ticker:
    OLAM SP
  • ISIN:
    SG1Q75923504
  • RSPO member?
    Yes
  • Website:

Company assessment: Olam International Ltd – November 2018

SPOTT assesses companies against over 100 indicators across ten categories. Click on the icons or bars below to expand each category for further details, scoring and links to reports and sources.

Assessment date:

Total: 77.4% 94 / 121.5
  • Sustainability policy and leadership Sustainability policy and leadership 6 / 6 100%
    • Companies should publish sustainability policies or similar covering their entire supply chain — including third party suppliers — implemented and enforced through high-level leadership that engages with wider industry schemes.

    • Yes
      1 / 1
      Source

      1. Sustainable palm oil policy or commitment for all its operations?

      The company has released its 'Living Landscapes Policy' and states that its other sustainability policies and codes now sit under the Living Landscapes Policy. These include the company's Sustainable Palm Oil Policy, Plantations, Concessions and Farms Code, Supplier Code and Livelihood Charter

    • Yes
      1 / 1
      Source

      2. Policy or commitment applies to direct and third-party suppliers?

    • Yes
      1 / 1
      Source

      3. High-level position of responsibility for sustainability?

      Head of Corporate Responsibility and?Sustainability, and Corporate Responsibility and?Sustainability Committee

    • Yes
      1 / 1
      Source

      4. Sustainability report published within last two years?

      2017 Sustainability Report included in 2017 Annual Report. Stand alone Sustainability Report last published in 2015

    • Yes
      1 / 1
      Source

      5. Member of multiple industry schemes or other external initiatives to improve sustainability in relation to palm oil?

      Member of UN Global Compact, Natural Capital Coalition, Global Agri-business Alliance, Tropical Forest Alliance 2020, HCV Resource Network and WBCSD

    • n/a
      -
      No source

      6. Verification report on compliance with POIG Charter, if a POIG member?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      7. Activities with government, NGOs or academic institutions to improve palm oil sustainability?

      The company has engaged in dialogue with NGOs, including with Mighty Earth, and has agreed to collaborate with them on forest conservation and sustainable agriculture. It has also worked with NGOs as part of The Forests Dialogue. The company also has a joint venture with the government of Gabon on reducing reliance on imported food and supporting rural livelihoods for smallholders

  • Landbank, maps and traceability Landbank, maps and traceability 15 / 19 78.9%
    • Companies should publicly report figures on their total landbank and details of different areas under their management. They should also disclose maps of their management areas and provide details on traceability of their products, both to mill and plantation level.

    • Yes
      1 / 1
      Source

      8. Total land area managed/controlled for oil palm (ha)?

      144,254

    • Yes
      1 / 1
      Source

      9. Total oil palm planted area (ha)?

      60,850

    • Partial
      0.5 / 1
      Source

      10. Plasma/scheme smallholders planted area (ha)?

      The company has a joint venture with the Republic of Gabon on the GRAINE smallholder programme covering 70,000 ha in which it has a 49% stake, through the company Sotrader. 30,000 ha will be planted out of 58,000 ha that has been assessed under RSPO New Planting Procedures, but it is unclear what has been planted to date

    • Yes
      1 / 1
      Source

      11. Unplanted (areas designated for future planting) (ha)?

      10,972

    • Yes
      1 / 1
      Source

      12. Conservation set-aside area, including HCV area (ha)?

      72,432 - HCV area

    • No
      0 / 1
      No source

      13. Area for infrastructure (ha)?

    • Yes
      1 / 1
      Source

      14. Number and names of company owned mills?

      2

    • Yes
      1 / 1
      Source

      15. Maps or coordinates of company owned mills?

    • Partial
      0.5 / 1
      Source

      16. Number and names of supplier mills?

      The company gives the names of 1015 suppling mills but the company states this list does not include mills covered by an NDA. The company states it has identified 1,821 mill names and over 1,100 coordinates of mills to date

    • Yes
      1 / 1
      Source

      17. Maps of estates/management units?

      The company provides information on its website regarding its palm oil estate locations in Gabon through a map with polygons of its plantations. The shapefiles are available on request. Concession boundaries have also been made available to the RSPO and the company declares these represent 100% of its concession sites, but not all may not be publicly available due to ongoing legal issues. Maps will become available on GeoRSPO

    • Yes
      1 / 1
      Source

      18. Maps of scheme/plasma smallholders?

      The company has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake (GRAINE program). A map of the GRAINE concession is available within the RSPO NPP Summary Report

    • Yes
      1 / 1
      Source

      19. Time-bound commitment to achieve 100% traceability to mill level?

      2,020

    • Yes
      1 / 1
      Source

      20. Time-bound commitment to achieve 100% traceability to plantation level?

      2,020

    • Yes
      2 / 2
      Source

      21. Percentage of supply traceable to mill level (above 80%)?

      80% - The company states in its 2017 Annual Report that "more than 80% of crude palm oil and palm kernel oil volumes were successfully traced using GPS co-ordinates." The company also reports traceable volumes procured by regions of 100% for Europe and South Africa, and 91% for Asia

    • Yes
      2 / 2
      Source

      22. Percentage of fresh fruit bunches (FFB) from own mills traceable to plantation level (above 75%)?

      100%

    • No
      0 / 2
      No source

      23. Percentage of fresh fruit bunches (FFB) from supplier mills traceable to plantation level (above 75%)?

  • Deforestation and biodiversity Deforestation and biodiversity 8.5 / 10 85%
    • Companies should commit to address deforestation and to set aside areas for conservation. They should report on any activities to manage or restore habitat in their conservation areas, or monitor deforestation in their supply chains. They should also provide evidence of species conservation and biodiversity protection.

    • Yes
      1 / 1
      Source

      24. Commitment to zero deforestation?

      The company has a commitment to no deforestation or conversion of HCV or HCS forest or peatlands. Note that the company has a right to convert a small percentage of its least valuable, logged or secondary forests to meet the governments needs for growth

    • Yes
      1 / 1
      Source

      25. Deforestation commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      26. Criteria for defining deforestation?

      Primary forest, HCV, HCS, peat

    • Yes
      1 / 1
      Source

      27. Evidence of monitoring deforestation?

      The company has a collaboration with WRI which involves a satellite alert system to monitor deforestation in their third-party supply chains

    • Partial
      0.5 / 1
      Source

      28. Examples of habitat management and/or habitat restoration?

      The company states it has a team at each site dedicated to managing the buffer zones and set-aside areas

    • Yes
      1 / 1
      Source

      29. Implementing a landscape-level approach to biodiversity conservation?

      The company is working with the Government of Gabon on a landscape scale approach to select the most suitable land with high economic potential and low environmental and social impacts

    • Yes
      1 / 1
      Source

      30. Commitment to biodiversity conservation?

    • No
      0 / 1
      No source

      31. Commitment to not endanger species of conservation concern, referencing international or national system of species classification?

    • Yes
      1 / 1
      Source

      32. Commitment to no hunting or only sustainable hunting of species?

    • Yes
      1 / 1
      Source

      33. Examples of species conservation activities?

      The company has wildlife protection teams to monitor illegal hunting of great apes and it works with villages to eliminate poaching

  • HCV, HCS and impact assessments HCV, HCS and impact assessments 9 / 11 81.8%
    • Companies should commit to the High Conservation Value (HCV) and High Carbon Stock (HCS) approaches, and to conduct social and environmental impact assessments (SEIA). They should develop and publish monitoring and management plans, and provide evidence through SEIA, HCV and HCS assessments, typically published in summary form due to the sensitive nature of certain sites.

    • Yes
      1 / 1
      Source

      34. Commitment to conduct High Conservation Value (HCV) assessments?

    • Yes
      1 / 1
      Source

      35. HCV commitment applies to scheme smallholders and independent suppliers?

    • Partial
      0.5 / 1
      Source

      36. Commitment to only use licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

      The company does not have a clear commitment to only use HCV ALS licensed assessors

    • Yes
      1 / 1
      Source

      37. High Conservation Value (HCV) assessments for planting undertaken prior to January 2015, and associated management and monitoring plans?

      The following HCV assessments are publicly available:
      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; Olam Palm Gabon - Mouila Lot 3 Extension

    • Partial
      0.5 / 1
      Source

      38. High Conservation Value (HCV) assessments for all estates planted since January 2015?

      The following HCV assessments are publicly available:
      Mouila Lot 3 and Olam Palm Gabon - Mouila Lot 3 Extension.
      In addition there is an HCV assessment for SOTRADER, the smallholder program in which Olam has a 49% stake.

      A fourth HCV assessment for Olam Palm Gabon at Bindo Bifoun (Makouk?) is under review on the HCV Resource Network but it is not yet publicly available

    • Partial
      0.5 / 1
      Source

      39. High Conservation Value (HCV) management and monitoring plans for all estates planted since January 2015?

      The following HCV management and monitoring plans are publicly available: Mouila Lot 3 and Olam Palm Gabon - Mouila Lot 3 Extension. In addition there is an HCV management and monitoring plan for SOTRADER, the smallholder program in which Olam has a 49% stake.
      A fourth HCV assessment for Olam Palm Gabon at Bindo Bifoun (Makouk?) is under review on the HCV Resource Network but it is not yet publicly available

    • Partial
      0.5 / 1
      Source

      40. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2015 by the HCV ALS Quality Panel?

      There is satisfactory review of Mouila Lot 3 and Mouila Lot 3 Extension, as well as for SOTRADER, the smallholder program in which the company has a 49% stake.

      An HCV assessment for Olam Palm Gabon at Bindo Bifoun (Makouk?) is under review on the HCV Resource Network

    • Yes
      1 / 1
      Source

      41. Commitment to the High Carbon Stock (HCS) Approach?

      The company states in its policy that it will not convert high carbon stock forests using definitions and guidance of the High Carbon Stock Approach (HCSA), or those of an RSPO-endorsed HCS methodology

    • Yes
      1 / 1
      Source

      42. High Carbon Stock (HCS) assessments?

    • Yes
      1 / 1
      Source

      43. Commitment to conduct social and environmental impact assessments (SEIAs)?

    • Yes
      1 / 1
      Source

      44. Social and environmental impact assessments (SEIAs) undertaken, and associated management and monitoring plans?

      The following SEIA assessments are available:
      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, Olam Palm Gabon - Mouila Lot 3 extension, as well as for SOTRADER, the smallholder program in which the company has a 49% stake

  • Peat, fire and GHG emissions Peat, fire and GHG emissions 10 / 15 66.7%
    • Companies should commit to protect peatland and undertake best management practices for soils and peat. They should also have policies on zero burning and to reduce their greenhouse gas (GHG) emissions. Companies should report their GHG emissions, as well as any fires that occurred in or around their estates, along with plans for managing and monitoring fires.

    • Yes
      1 / 1
      Source

      45. Commitment to no planting on peat of any depth?

    • Yes
      1 / 1
      Source

      46. Peat commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      47. Commitment to best management practices for soils and peat?

      The company commits to BMPs for soil. It does not have any operations on peatland

    • Yes
      1 / 1
      Source

      48. Landbank or planted area on peat?

      0 - The company states there is no peat in any of its Gabon concessions

    • No
      0 / 1
      Source

      49. Evidence of best management practices for soils and peat?

      The company only states that 120,464 smallholders were trained in soil fertility

    • Yes
      1 / 1
      Source

      50. Commitment to zero burning?

    • Yes
      1 / 1
      Source

      51. Zero burning commitment applies to scheme smallholders and independent suppliers?

    • Partial
      0.5 / 1
      Source

      52. Evidence of management and monitoring fires?

      Smallholders trained in forest conservation, including the impact of converting forest through burning, along with other Climate-Smart Agricultural practices

    • No
      0 / 1
      No source

      53. Details/number of hotspots/fires in company estates?

    • No
      0 / 1
      Source

      54. Details/number of hotspots/fires within surrounding landscape/smallholders?

      The company only states that it partnered with WRI and identified fire incidents within a 50km sourcing radius of mills as part of its work to assess and rank supplier mills

    • Yes
      1 / 1
      Source

      55. Time-bound commitment to reduce greenhouse gas (GHG) emissions intensity?

      2,030 - The company had a target to "achieve a 10% reduction in GHG intensity" by 2020. It reported having achieved this target in 2015 and has set a new target to reduce GHGs by 50% by 2030 both in its own operations and in its supply chain

    • Partial
      0.5 / 1
      Source

      56. GHG emissions from land use change?

      Only reports estimated land use change emissions for one concession (Mouila Lot 3) in 2015

    • Yes
      1 / 1
      Source

      57. Methodology used to calculate GHG emissions?

      RSPO Palm GHG Calculator

    • Yes
      1 / 1
      Source

      58. Progress towards commitment to reduce GHG emissions intensity?

      The company had a target to "achieve a 10% reduction in GHG intensity" by 2020. It reported having achieved this target in 2015, reducing emissions by 52% in company-managed plantations, concessions and farms

    • No
      0 / 1
      No source

      59. Percentage of mills with methane capture (100%)?

  • Water, chemical and pest management Water, chemical and pest management 7 / 12 58.3%
    • Companies should commit to managing water use and water quality, providing evidence through time-bound reduction plans, policies on toxic chemical use and treatment of palm oil mill effluent (POME).

    • Partial
      0.5 / 1
      Source

      60. Time-bound commitment to improve water use per tonne of FFB Processed?

      The company had a 2020 target of "10% reduction in process water intensity in Olam Tier 1 factories from 2013 baseline" and a "5% reduction in surface and groundwater intensity in Olam-managed plantations, concessions and farms from 2013 baseline" which it achieved in 2015. The company states in its 2017 Annual Report "Science-based targets have been developed based on water risk assessments. Improvement plans to be created during FY18."

    • Partial
      0.5 / 1
      Source

      61. Time-bound commitment to improve water quality (BOD and COD)?

      The company only has a target to achieve 100% compliance with wastewater discharge limits for water quality by 2020, but does not refer to BOD or COD specifically

    • Partial
      0.5 / 1
      Source

      62. Progress towards commitment on water use?

      The company states in 2015 it met its target of a 5% reduction in surface and groundwater intensity for company plantations and farms, but not its target of a 10% reduction in water process intensity. In 2016 it reports a 31% improvement in irrigation and process water per tonne of product (intensity) for the company's own operations for FY16 versus FY15, but that total value chain water intensity increased by 1.6%. The company states in its 2017 Annual Report a 17% improvement in total value chain water intensity

    • No
      0 / 1
      Source

      63. Progress towards commitment on water quality (BOD and COD)?

      The company only states it is on target in relation to its target of 100% compliance with wastewater discharge limits for water quality by 2020, but does not report figures

    • Partial
      0.5 / 1
      Source

      64. Protection of natural waterways through buffer zones?

      The company maintains buffer zones but does not have a clear commitment to maintain buffer zones across its entire operations

    • No
      0 / 1
      No source

      65. Evidence of treating palm oil mill effluent (POME)?

    • Partial
      0.5 / 1
      Source

      66. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?

      The company states "The use of pesticides shall be minimised and continually evaluated" and refers to minimal use of agrochemicals as part of integrated pest management and controlling the quantity of fertiliser use, but does not have a clear commitment to minimise chemicals across its operations

    • Yes
      1 / 1
      Source

      67. No use of paraquat?

    • Yes
      1 / 1
      Source

      68. No use of World Health Organisation (WHO) Class 1A and 1B pesticides?

      The company states "We have made a commitment to limit our use of WHO Class IA and IB chemicals to exceptional circumstances where no alternatives are available"

    • Yes
      1 / 1
      Source

      69. No use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • Yes
      1 / 1
      Source

      70. Integrated Pest Management (IPM) approach?

    • Partial
      0.5 / 1
      Source

      71. Chemical usage per ha or list of chemicals used?

      The company reports in its RSPO certification report a summary of herbicides, insecticides and fungicides used, but the data is from Aug-Dec 2015

  • Community, land and labour rights Community, land and labour rights 18 / 19.5 92.3%
    • Companies should commit to respect human rights, including those of indigenous peoples and local communities, consulted with free, prior and informed consent (FPIC). Companies should respect the rights of workers, report relevant workforce data, and comply with health and safety legislation.

    • Yes
      1 / 1
      Source

      72. Commitment to human rights, referencing the UN Declaration of Human Rights or UN Guiding Principles on Business and Human Rights?

    • Yes
      1 / 1
      Source

      73. Commitment to human rights applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      74. Commitment to respect legal and customary land tenure rights?

    • Yes
      1 / 1
      Source

      75. Commitment to respect indigenous and local communities' rights, referencing the UN Declaration on the Rights of Indigenous Peoples or ILO 169?

    • Yes
      1 / 1
      Source

      76. Commitment to free, prior and informed consent (FPIC)?

    • Yes
      1 / 1
      Source

      77. FPIC commitment applies to independent suppliers?

    • Partial
      0.5 / 1
      Source

      78. Details of free, prior and informed consent (FPIC) process available?

      The company only provides limited detail


    • Yes
      1 / 1
      Source

      79. Details of process for addressing land conflicts available?

    • Yes
      1 / 1
      Source

      80. Commitment to mitigate impacts on food security?

    • Yes
      1 / 1
      Source

      81. Commitment to provide essential community services and facilities?

    • Yes
      1 / 1
      Source

      82. Commitment to respect all workers' rights?

    • Yes
      1 / 1
      Source

      83. Reference to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • Yes
      0.5 / 0.5
      Source

      84. Total number of employees?

      72,100 - This figure covers the company's entire global operations and includes full-time, seasonal, contract and temporary workers

    • Yes
      1 / 1
      Source

      85. Percentage or number of temporary employees?

      31,600 (43.8%) - This figure covers the company's entire global operations and includes "seasonal, contract or temporary" workers

    • Yes
      1 / 1
      Source

      86. Percentage or number of women employees?

      30%

    • Partial
      0.5 / 1
      Source

      87. Commitment to pay minimum wage?

      The company states it pays minimum wage but no evidence is given

    • Yes
      1 / 1
      Source

      88. Commitment to address occupational health and safety?

    • Partial
      0.5 / 1
      Source

      89. Time lost due to work-based injuries?

      0.31 - The company reports a Lost Time Injury Frequency Rate for processing operations only

    • Yes
      1 / 1
      Source

      90. Number of fatalities as a result of work-based accidents?

      7 - This figure covers the company's entire global operations

    • Yes
      1 / 1
      Source

      91. Provision of personal protective equipment and pesticide training?

  • Certification standards Certification standards 9.5 / 16 59.4%
    • Companies should become members of credible certification standards and report in accordance with all appropriate categories of membership. The Roundtable on Sustainable Palm Oil (RSPO) requires members registered as growers to submit data relating to certification targets for their estates, scheme smallholders and independent fresh fruit bunch (FFB) suppliers, via an annual communications of progress (ACOP) report.

    • Yes
      1 / 1
      Source

      92. Member of the Roundtable on Sustainable Palm Oil (RSPO)?

      2,011 - The company has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake, under the company SOTRADER, who is also an RSPO member as of 2015

    • Yes
      0.5 / 0.5
      Source

      93. Submitted most recent RSPO Annual Communication of Progress (ACOP)?

    • Yes
      0.5 / 0.5
      Source

      94. Listed all countries and regions in which operates in most recent RSPO Annual Communication of Progress (ACOP)?

      Gabon

    • Yes
      0.5 / 0.5
      Source

      95. Time-bound plan for achieving 100% RSPO certification of estates within 5 years or achieved 100% RSPO-certification of estates?

      2,021

    • Yes
      0.5 / 0.5
      Source

      96. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders within 5 years or achieved 100% RSPO-certification of scheme/associated smallholders?

      2,019 - The company has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake. A previous target of 2018 has been extended to 2019

    • Yes
      0.5 / 0.5
      Source

      97. Year expected to achieve 100% RSPO certification of all palm product processing facilities?

      2,020

    • Yes
      0.5 / 0.5
      Source

      98. RSPO-certified within three years of joining the RSPO or by November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007?

      2,016 - The company joined the RSPO in 2011, but did not certify its first estate until 2016, due it not having built a mill until 2015

    • Yes
      2 / 2
      Source

      99. Percentage of mills RSPO-certified (above 75%)?

      2 (100%)

    • Partial
      1 / 2
      Source

      100. Percentage of area (ha) RSPO-certified (above 75%)?

      55,834 (38.7%)

    • No
      0 / 2
      Source

      101. Percentage of scheme/associated smallholders (ha) RSPO-certified (above 75%)?

      0 - The company has a joint smallholder scheme with the Republic of Gabon in which it has a 49% stake. It is yet to certify its smallholders

    • No
      0 / 2
      Source

      102. Percentage of FFB supply (tonnes) from independent FFB suppliers that is RSPO-certified (above 75%)?

      0

    • Partial
      0.5 / 2
      Source

      103. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that are RSPO-certified (above 75%)?

      10,599.8 (1.7%) - Total volume of all palm oil and oil palm products handled/traded/processed in the year divided by total volume handled/processed/traded in year RSPO certified (tonnes)

    • Yes
      1 / 1
      Source

      104. Sells or processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

      Only sells Book and Claim, but processes/trades Mass Balance and Identity Preserved

    • n/a
      -
      No source

      105. Indonesia Sustainable Palm Oil (ISPO) certified (100%)?

      This indicator is disabled as it is not applicable to this company.

    • n/a
      -
      No source

      106. Malaysia Sustainable Palm Oil (MSPO) certified?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      107. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAN, RSB, etc.)?

      The company is ISCC certified

  • Smallholders and suppliers Smallholders and suppliers 5 / 7 71.4%
    • Companies should report details of any programmes or schemes to support both schemed and independent smallholders, as well as criteria to assess suppliers on compliance with company policies, and in what cases suppliers should be suspended or excluded due to non-compliance.

    • Yes
      1 / 1
      Source

      108. Programme to support scheme smallholders?

      The company palm oil policy states "Support outgrowers and smallholders to build capacity, improve yields, apply good practices and avoid deforestation." Members benefit from training, agricultural inputs and improved planting materials

    • Yes
      1 / 1
      Source

      109. Number or percentage of scheme smallholders involved in programme?

      The company states "2,600 farmers under GRAINE programme in Gabon active in crop production"

    • No
      0 / 1
      No source

      110. Programme to support independent smallholders?

    • No
      0 / 1
      No source

      111. Number or percentage of independent smallholders involved in programme?

    • Yes
      1 / 1
      Source

      112. Process used to prioritise, assess and/or engage suppliers on compliance with company's policy and/or legal requirements?

      The company engages suppliers to ensure compliance with the company's policy, as well as carrying out risk assessments of mills

    • Yes
      1 / 1
      Source

      113. Suspension or exclusion criteria for suppliers?

      The company expects suppliers to uphold its Sustainable Palm Oil Policy and implement full compliance to the Olam Supplier Code (OSC), to RSPO, or to a Code that is equivalent to the OSC and approved by Olam, and states "If any supplier is found to be non-compliant, they will be investigated and corrective actions sought" and "if corrective actions are not implemented within 12 months, we will cease trading with them." This applies to both its own plantations and its third-party suppliers

    • Yes
      1 / 1
      Source

      114. Percentage of suppliers assessed and/or engaged on compliance with company requirements?

      The company states "Since the release of Olam's updated SPOP in February 2017, we have reached out to our current 14 suppliers to share the Policy and discuss the changes made as well as address any concerns/questions they may have with the verification process"

  • Governance and grievances Governance and grievances 6 / 6 100%
    • Companies should operate in an ethical manner at all levels, providing accessible channels and clear procedures for both employees and external stakeholders to raise any grievance or complaint with the company, as well as allowing for whistleblowing.

    • Yes
      1 / 1
      Source

      115. Commitment to ethical conduct and prohibition of corruption?

    • Yes
      1 / 1
      Source

      116. Whistleblowing procedure?

    • Yes
      1 / 1
      Source

      117. Own grievance or complaints system?

    • Yes
      1 / 1
      Source

      118. Grievance or complaints system is accessible to internal and external stakeholders?

    • Yes
      2 / 2
      Source

      119. Details of grievances disclosed?

Media monitor: Olam International Ltd

SPOTT monitors global media sources for coverage of assessed companies. The media monitor gathers reports about specific activities related to the assessment indicator categories. ZSL does not assess the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground.

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Research protocols: Olam International Ltd

Research protocols guide how ZSL conducts SPOTT assessments and allocates scores to ensure a fair and consistent approach, setting the expectations for companies on how they should publish ESG data. The full palm oil indicator framework contains 119 indicators across 10 categories, aligned with corporate reporting initiatives.

SPOTT is a ZSL initiative.
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