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  • Parent company:
    Temasek Holdings (51.4%)
  • Landbank (oil palm)
    202,560 hectares
  • Thomson Reuters ticker:
    OLAM.SI
  • Bloomberg ticker:
    OLAM SP Equity
  • Sedol:
    B05Q3L4
  • LEI:
  • RSPO member?
    Yes - Olam has been an RSPO member since 2006. SOTRADER, its joint venture with the Gabonese government, has been an RSPO member since 2015.
  • Website:
  • Media Monitor
    • ZSL's SPOTT team monitors international media for news on assessed companies, collecting articles about pertinent activities. They don't confirm the accuracy of the media coverage, but it can be leveraged by SPOTT users to gain insights into a company's operations and possible risks. To access this company's media reports, scroll down or click here.

Company assessment: Olam Group Ltd – May 2016

Assessment date:

Total: 60% 27 / 45
  • RSPO reporting requirements RSPO reporting requirements
    4 / 9 44.4%
    • Y
      1 / 1

      1.1.. Is the company an RSPO member?

      Olam International Limited has been an RSPO member since 2011.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      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?

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

    • Y
      1 / 1

      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?

      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.

    • N
      0 / 1

      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?

      No. Olam International joined RSPO in 2011 and plans to commence RSPO certification in 2016. Olam International has a time-bound plan to complete certification by 2021, with regards to the operations in which the company assumes management control.

    • N
      -

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

      No.

    • N
      0 / 4

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

      0 - 0% of Olam's plantation estates are RSPO-certified. Olam currently operates one mill that was commissioned in September 2015 and which it plans to certify in 2016.

    • N
      -

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

      None of Olam International's plantation estates are currently RSPO certified.

    • N

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

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

    • N

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

      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 independent FFB suppliers by 2018.

    • N

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

      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

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

      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.

    • N

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

      49 - 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
      -

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

      No.

  • Landbank and maps Landbank and maps
    4 / 5 80%
    • Y
      1 / 1

      2.1.1.. Does the company have a publicly available statement detailing its land acquisition criteria?

      Yes.

    • N
      0 / 1

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

      No information could be found using the research protocols.

    • Y
      1 / 1

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

      51707 - 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 300,00 ha, of which 110,963 is currently being developed in Gabon in a joint venture with the Government of the Republic of Gabon.

    • Y
      1 / 1

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

      31501 - Yes, planted area is 31,501 ha (this figure only includes areas where the company assumes management control of its plantation estates).

    • N

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

      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.

    • Y
      1 / 1

      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)?

      58941 - Yes, landbank for conservation is 58,941 ha (this figure only includes areas where the company assumes management control of its plantation estates).

    • N

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

      Map-related indicators are temporarily disabled for all companies due to legal issues.

    • N

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

      Map-related indicators are temporarily disabled for all companies due to legal issues.

  • Environmental management Environmental management
    13 / 14 92.9%
    • Y
      1 / 1

      3.1.1.. Does the company have a publicly available statement to address deforestation resulting from its operations?

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

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      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?

      Yes.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      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?

      Yes.

    • Y
      1 / 1

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

      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.

    • Y
      1 / 1

      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?

      Yes.

    • Y
      1 / 1

      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)?

      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.

    • Y
      1 / 1

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

      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.

    • Y
      1 / 1

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

      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.

    • Y
      1 / 1

      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?

      Yes.

    • Y
      1 / 1

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

      Yes.

    • N
      0 / 1

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

      No. However, Olam is trialling Integrated Pest Management in some of its operations.

    • Y
      1 / 1

      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?

      Yes. Olam International no longer uses paraquat, and will only use WHO 1A & 1B class pesticides in exceptional circumstances where no alternatives are available.

    • N
      -

      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?

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

  • Fragile, marginal and peat soils Fragile, marginal and peat soils
    2 / 2 100%
    • Y
      1 / 1

      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?

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

    • Y
      1 / 1

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

      Yes.

    • N
      -

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

      No information could be found using the research protocols.

  • Zero burning Zero burning
    0 / 2 0%
    • N
      0 / 1

      5.1.1.. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?

      No information could be found using the research protocols.

    • N
      0 / 1

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

      No information could be found using the research protocols.

    • N
      -

      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?

      No relevant media stories could be found.

  • Greenhouse gas emissions Greenhouse gas emissions
    4 / 6 66.7%
    • Y
      1 / 1

      6.1.1.. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      Yes.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

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

      Yes.

    • N
      0 / 1

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

      No information could be found using the research protocols.

    • N
      0 / 1

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

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

  • Traceability Traceability
    0 / 7 0%
    • N

      7.1.. Are all of the company's mill locations publicly available for all countries in which it operates?

      Map-related indicators are temporarily disabled for all companies due to legal issues.

    • N
      0 / 4

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

      0 - 0% (Olam currently operates one mill that was commissioned in September 2015 and which it plans to certify in 2016)

      Calculation: 0 (stated number of palm oil mills RSPO-certified) divided by 1 (stated number of palm oil mills operated) x 100.

    • N

      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?

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

    • N
      0 / 1

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

      No information could be found using the research protocols.

    • N
      0 / 2

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

      Mass Balance.

Media monitor: Olam Group 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 or score 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. The media monitor undergoes a full update at the time of publishing an assessment round, with ad-hoc updates throughout the year. This is not an exhaustive list of all media reports relevant to the company.

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