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Sustainability

Olam’s 2 Degree C Call to world leaders and industry

Ahead of Olam’s participation in events surrounding COP21, the UN Climate Talks, in Paris in December (2015), Olam made calls for world leaders and the agri, food and beverage sectors to take up a number of measures to tackle climate change. While the highlights are below, you can download Olam’s 2oC Call to World Leaders and Industry with the full detail opposite.

We call on the world’s leaders to:

  • Commit to a global carbon tax to be set initially at US$35 – US$50 per tonne. A fair price for carbon (price per unit) will encourage industry to make a concerted effort to reduce its footprint. No tax means continued indiscriminate emissions – global food security cannot afford this
  • Provide greater backing for robust and validated off-set mechanisms, such as REDD+ carbon credits generated through the preservation of standing forest, whilst ensuring that indigenous communities and biodiversity are not impacted
  • Ensure that Green Bonds are cost competitive and attractive to investors by simplifying processes and supporting a standardised approach to due diligence and impact measurement
  • Commit to Intended Nationally Determined Contributions (INDCs) if they have not already done so, therefore providing greater clarity to businesses operating in those countries
  • Encourage all countries to develop a national land use plan, consistent with landscape principles, that will provide standards and clarity to all stakeholders
  • Resolve the issues on climate finance for emerging economies so that adaptation measures can be undertaken more quickly, remembering that Public Private Partnerships can help to mobilise funds
  • Engage non-state actors such as regional governments and the business community more effectively, incentivising those who actively contribute to national targets.

We call on the agri / food & beverage sector to:

  • Join the World Business Council for Sustainable Development’s (WBCSD) Low Carbon Technology Partnership Initiative (LCTPi) for Climate Smart Agriculture and support the vision of: “Producing 50% more available food and strengthening the climate resilience of farming communities whilst reducing agricultural emissions by at least 1.6 Gt CO2eq/yr by 2030 (30%), and halving agricultural emissions by 2050.”
  • Back the implementation of climate smart agri practices among smallholders through long-term partnerships with agri-suppliers and technical NGOs
  • Implement procurement policies and consumer awareness campaigns that help drive the market for sustainable/climate smart crops and products and reduce retail and consumer waste
  • Call on food multinationals and consumer product manufacturers to support sustainable supply chains and share the cost of solutions

We contribute to maintaining the 2OC target by:

  • Carbon Disclosure Project (CDP) reporting (Carbon, Water, Forest programmes) on ambitious reduction targets across operations (10% reduction in GHG intensity (MT CO2e/MT))
  • Implementing climate resilient practices in our own plantations and farms (2.1 million hectares)
  • Conserving standing forest through REDD+ in the Republic of Congo (92,530 hectares)
  • Applying our learnings from a 5 year programme with Rainforest Alliance to produce the world’s first verified ‘climate smart’ cocoa from 2,000 smallholders in Bia Juabeso, Ghana, where almost 300 hectares of forest have also been replanted (about 430 football pitches)
  • Scaling up and speeding up the implementation of climate smart practices through industry collaboration, including co-chairing the WBCSD Climate Smart Agriculture LCTPi, with responsibility for Priority Area 1: building resilience among smallholders
  • Initiating a private sector coalition to undertake a benchmark study that will assess the activities of the principal private sector players in the food chain, measured specifically against the objectives of SDG 2 (End hunger, achieve food security and improved nutrition and promote sustainable agriculture) to identify hot spots of underinvestment and address them.