Sourcing and Trading

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Sourcing and Trading

We leverage our sourcing, trading and supply chain expertise across the globe to meet the needs of our palm, soybean and sunflower oils customers.

Combined with our advanced risk management expertise and tools we are able to help manage supply, off-take and risk for customers across Africa, the Middle East, Europe and Asia.

Our palm oil supply chain originates from our own plantations in Gabon as well as from third-party suppliers in Indonesia and Malaysia.

We are committed to working towards a traceable and transparent palm oil supply chain that supports no deforestation of high carbon stock (HCS) or high conservation value (HCV) forests and ecosystems; no development of peatland; zero burning; and upholds responsible labour practices and respects the rights of local communities.

Our palm oil from our Gabon plantations is fully traceable and produced under RSPO defined terms.

For our third-party sourcing of palm oil we are working with our suppliers to ensure they uphold our commitments under our Sustainable Palm Oil Policy. We prioritise buying from RSPO members and 90 per cent of our palm oil is sourced from suppliers who are RSPO members. Any supplier found to be non-compliant will be investigated and corrective actions sought and we will cease trading with suppliers that do not implement corrective actions within 12 months.

As an early adopter of the World Resources Institute’s Global Forest Watch monitoring tool, GFW Pro, we have mapped over 1,000 mills in our supply chain and use the tool to review risks and to engage suppliers directly on supply chain monitoring.

Our Palm dashboard charts progress against our roadmap of commitments and updates are published on this website on a quarterly basis.

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Palm Dashboard

In January 2018, we also launched our Palm Dashboard to chart progress against our roadmap of commitments detailed in the Sustainable Palm Oil Policy.

View Dashboard

An infographic of Olam's Palm Quarterly Dashboard, showing progress against commitments, Gabon, Olam.

National Geographic

National Geographic addresses challenges of the global palm industry and cites our oil palm operations as a positive example of environmentally and socially responsible palm production.

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