abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapelocationmap-pinminusnewsorganisationotheroverviewpluspreviewprofilerefreshnewssearchsecurityPathtagticktooltiptwitteruniversalityweb
Article

Olam International’s response to Mighty Earth and Brainforest report

Gabon palm operations: Environmentally sustainable and socially responsible; Helping to meet Gabon’s essential development imperative; Third-party palm oil sourcing: Currently a small player involved in 0.4% of global volumes in 2016; Rigorous sourcing from no burn, no peat, no deforestation compliant suppliers; Explicit requirement being added on no exploitation; Supply chain transparency: High standards across supply chain of all commodities; Full list of palm suppliers released... We have been made aware of a report that will be released on our palm operations. In recent months we have responded to questions from the US-based communications and lobbying company, Waxman Strategies, working as Mighty Earth (Mighty) and with Brainforest, a Gabon-based NGO. We appreciate the vital role played by NGOs and civil society to keep the industry in check and working in partnership to drive best practice. The Mighty Earth report acknowledges some of Olam’s responses, especially where the authors feel progress has been made. The report has also provided a series of recommendations, some of which we will take on board. However, we are disappointed to see some important factual errors, and several key misinterpretations of Olam’s policies and implementation. Considerably more fundamental though, is the basic principle of how Mighty views a country like Gabon and its sovereign right to develop sustainably, with the assistance of a responsible company, in a Public Private Partnership arrangement...Sunny Verghese, Co-Founder and Group CEO of Olam International said: “Gabon has a right and an essential need to develop its agriculture sector to diversify its economy, improve food security to feed its people and create new livelihood opportunities, while also protecting its natural forests. Olam’s palm plantations in Gabon are being developed in an environmentally and socially responsible way to contribute to each of these objectives. Our approach balances palm plantation establishment with natural forest protection. In fact we are conserving and protecting areas of verified high conservation value forest within our concessions greater in size than our plantations. For our third party palm sourcing, we are still a small player, accounting for only 0.4% of global palm volumes in 2016. We already expect full compliance to our Sustainable Palm Oil Policy and Supplier Code, and have absolutely zero tolerance for the burning of forests. All of our current suppliers have either signed this code or have their own codes consistent with ours. We are also now releasing our full supplier list.”

 

 

Gabon palm operations1: Environmentally sustainable and socially responsible; Helping to meet Gabon’s essential development - See more at: http://olamgroup.com/news/olam-internationals-response-to-mighty-earth-and-brainforest-report/#sthash.SgQ4hpdt.4kCWKelp.dpuf
  • Gabon palm operations1: Environmentally sustainable and socially responsible; Helping to meet Gabon’s essential development imperative
  • Third-party palm oil sourcing: Currently a small player involved in 0.4% of global volumes in 2016; Rigorous sourcing from no burn, no peat, no deforestation compliant suppliers; Explicit requirement being added on no exploitation
  • Supply chain transparency: High standards across supply chain of all commodities; Full list of palm suppliers released2
- See more at: http://olamgroup.com/news/olam-internationals-response-to-mighty-earth-and-brainforest-report/#sthash.SgQ4hpdt.4kCWKelp.dpuf

Story timeline