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Olam Group Ltd
Olam Group's GHG Emissions Data Preview
In 2024, Olam Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Olam Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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cVerified Sources Behind Olam Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Olam Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofOlam Group amounted to4,050,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Olam Groupdecreased by 12.34%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Olam Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Olam Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Olam Group were 3,790,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Olam Group reduced its Scope 1 emissions over time?
Since 2022, Olam Group's Scope 1 emissions have decreased by 5.72%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Olam Group's Scope 1 emissions decreased by 13.27%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are Olam Group's Scope 2 emissions?
In 2024, Olam Group reported Scope 2 greenhouse gas (GHG) emissions of 260,000 tCOâ‚‚e using the market-based method.a
What methodology does Olam Group use for Scope 2 reporting?
In 2024, Olam Group reported its Scope 2 emissions using the market-based method.a
Olam Group's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Olam Group's Value Chain Emissions
In 2024, Olam Group reported 89,970,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Olam Group includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,down from 5 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Olam Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Olam Group's Scope 3 emissions?
In 2024, Olam Group reported total Scope 3 emissions of 89,970,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Olam Group reduced its Scope 3 emissions over time?
Since 2022, Olam Group's Scope 3 emissionshave remained relatively stable, indicating that Olam Group's emissions have plateaued with no significant change in its value chain footprint.ac
Compared to the previous year (2023), Olam Group's Scope 3 emissions remained relatively stable, indicating that Olam Group's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Olam Group disclose?
In 2024, Olam Group reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Olam Group's Scope 3 emissions?
In 2024, the largest contributors to Olam Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 88,440,000 tCOâ‚‚e(98.71%)
- Fuel- and Energy-Related Services (Cat. 3): 570,000 tCOâ‚‚e(0.64%)
- Upstream Transportation and Distribution (Cat. 4): 500,000 tCOâ‚‚e(0.56%)
Olam Group's Scope 3 Emissions by Categories
Insights into Olam Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Olam Group reported Scope 1 greenhouse gas (GHG) emissions of 3,790,000 tCOâ‚‚e and total revenues of USD 41,198 millions. This translates into an emissions intensity of 92 tCOâ‚‚e per millions USD.a
Olam Group's Scope 1 Emissions Intensity Compared to Peers
How does Olam Group's GHG emissions intensity compare to its peers?
In 2024, Olam Group reported a Scope 1 emissions intensity of 92 tCOâ‚‚e per millions USD. Compared to the peer group median of 10.96, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Olam Group rank on GHG emissions intensity within its industry?
In 2024, Olam Group ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Olam Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Olam Group's Total Carbon Footprint
In 2024, Olam Group reported a total carbon footprint of 94,020,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.59% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Olam Group's total carbon footprint was Scope 3 emissions, accounting for 95.69% of the company's total carbon footprint, followed by Scope 1 emissions at 4.03%.a