Olam – Green Tigers Index Rankings

2019 PALM OIL SCORE

80

Olam is a Singapore-based commodity trader with a current palm oil landbank of 144,254 ha. Temasek Holdings, the national wealth fund owned by the Government of Singapore, owns 54 percent of Olam.

In 2010, Olam entered a joint venture agreement with the government of the Republic of Gabon that allocated the company 300,000 ha of land. Olam’s operations in Gabon were the subject of controversy in 2016.

Olam has made commitments to exclude sourcing of raw materials or products from High Conservation Value areas, from High Carbon Stock forests, and from lands where burning has been used to clear vegetation. Additionally, the company has a policy to exclude development on peat soil regardless of depth.

Olam is a member of the Roundtable on Sustainable Palm Oil.

See all of the rankings of major palm oil and soy companies on their adherence to forest conservation requirements on the Green Tiger and Green Jaguar index.