Press Release

    Olam achieves RSPO certification for its fourth palm plantation in Gabon

    Press release

    Company remains on track to achieve RSPO certification for all its plantations by 2021 and its commitment to conservation recognised by RSPO Excellence Award

     

    Singapore

    Global food and agri-business Olam International has maintained its progress towards achieving Roundtable on Sustainable Palm Oil (RSPO) certification for all its palm plantations in Gabon by 2021, with the announcement that its Makouke plantation is the most recent to become RSPO certified.    

    The Makouke plantation managed by Olam Palm Gabon (OPG) – a joint venture with the Republic of Gabon – was established in the 1960s and was acquired by OPG in 2016. The 18,707 hectare (ha) plantation is the fourth Olam plantation to become RSPO certified and brings its total RSPO certified area to 112,455 ha – 78% of its total palm concessions. 

    The certification strengthens Olam’s leadership as the largest certified producer in Africa with production capacity of 92,000 MT of certified sustainable palm oil (CSPO), 16,866 MT certified sustainable palm kernel (CSPK) and 6,500 MT of certified sustainable palm kernel oil (CSPKO).

    Olam was recognised at the 2019 RSPO Excellence Awards for its strong commitment to establishing sustainable oil palm plantations that generate net positive impacts through forest conservation, species conservation and emission reduction at significant scale in Gabon.

    “Since our operations began, we have committed to protecting high conservation lands alongside the sustainable development and operation of our palm plantations. We are honoured our efforts have been recognised by the RSPO in its inaugural awards. Makouke marks another step towards achieving RSPO certification for all our plantations in Gabon and cements our ambition to be the leading certified producer of palm oil in Africa”, said Darshan Raiyani, Olam Senior Vice President & Head of Gabon Plantations.

    The majority of the 30-years old Makouke plantation has been replanted with high-yielding, resistant varieties and peer-reviewed High Conservation Value (HCV) and High Carbon Stock (HCS) assessments were conducted for an undeveloped 5,488 ha area within the plantation. The planted area of the concession is 5,934 ha with 1,016 ha conserved as HCV and a further 11,244 ha set aside for conservation and village use land, meaning 65% of the total concession is protected. The remaining area is allocated for infrastructure including facilities, roads and housing.    
    “The landscape conservation approach the Gabonese government has implemented with Olam ensures a balanced ratio between production and conservation based on scientific results. In Gabon, we are moving towards stronger guidance to make sure all companies in the agri-sector follow the same pathway and in June 2019 we announced RSPO as the norm for palm development in Gabon”, said Professor Lee White, Minister for Forests, Sea, the Environment and Climate Plan, Gabonese Republic.

    Olam Palm Gabon manages an overall concession area of 144,000 ha, with over 50% (72,000 ha) of HCV forest, wetlands and savannah permanently protected. Its plantations are the only ones globally to have been assessed as climate positive (net draw-down of atmospheric carbon) by an independent panel of international scientists. Olam is committed to no further development or expansion of new plantations until all its plantations achieve full RSPO certification in 2021.

    The Company is committed to sustainable palm oil production and sourcing, both in its own plantations and through its third party supply chain, and its strong progress is set out in its 2018 Sustainable Palm Update.

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    About Olam International Limited

    Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 4.8 million farmers.

    Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

    Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

    More information on Olam can be found at www.olamgroup.com. Follow @olam:

    Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936. Telephone: +65 63394100, Facsimile: +65 63399755.

    Issued on behalf of Olam International Limited by:

    WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896

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