Olam Group — Ethics Grade D+

Olam Group receives an overall ethics grade of D+ (38/100) on CancelCo's corporate accountability database. Sector: Agriculture. Market cap: Mid Cap.

Category scores

• labor: 35
• privacy: 85
• consumer: 50
• environment: 30
• humanRights: 25

Documented incidents (3)

• Palm Oil Deforestation (high, 2017) — Mighty Earth reported Olam cleared nearly 20,000 hectares of forest in Gabon for palm oil plantations since 2012, threatening local biodiversity.
• Cocoa Supply Chain Exploitation (high, 2021) — Named in several reports and legal challenges regarding the use of child labor in West African cocoa farms within its indirect supply chain.
• Nigeria Foreign Exchange Allegations (medium, 2023) — Olam Nigeria faced investigations regarding allegations of multi-billion dollar foreign exchange round-tripping and fraud, which the company denied.

Documented good deeds

• AtSource Sustainability Platform — Launched a digital platform providing customers with verified data on the environmental and social impact of their raw material supply chains.

Ethical alternatives

• Barry Callebaut — Higher transparency and stronger commitments to 'Forever Chocolate' zero-deforestation goals.