Climate Change Data

OLVEA

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:0.14 tCO2e/ton of oil sold (Scope 1 & 2)
Renewable Energy Share:16%

ESG Focus Areas

  • People
  • Product
  • Planet

Environmental Achievements

  • 0,14 tonnes of CO2 per ton of oil sold (scope 1 & 2)
  • 100% of electricity used at our French sites comes from renewable sources with guarantees of origin.
  • Achieved a "B" score from the CDP, higher than the average for companies assessed and those in our sector.

Social Achievements

  • 75% of top management in our subsidiaries come from the country of operation
  • 90% of our oils come from responsible sources
  • Successfully completed its first SMETA audit
  • Launched a breast cancer awareness and screening campaign in rural areas of Morocco (in partnership with Nuxe)
  • Inaugurated two classrooms in Nouadhibou, Mauritania
  • Developed a solidarity-based and inclusive micro-insurance project called “INES” in Burkina Faso (in partnership with L’Oréal and AXA insurance)
  • Partnership with Yves Rocher encouraged the development of skills and the diversification of activities in Burkina Faso
  • 98% of employees attended at least 1 training course in France in 2023

Governance Achievements

  • Implemented Climate Fresk workshop training for all new employees
  • Set up an employee suggestion box
  • Consolidating reporting to anticipate regulations such as the CSRD (Corporate Sustainability Reporting Directive) in 2026

Climate Goals & Targets

Medium-term Goals:
  • Reduce scope 1 & 2 emissions by 50% by 2029
  • Reach 100% renewable energy by 2029 (switching from gas to biomethane)
Short-term Goals:
  • Obtain an A rating from CDP by 2025

Environmental Challenges

  • Most CO2 emissions come from scope 3 (raw materials purchases)
Mitigation Strategies
  • Building on integrated supply chains and trust-based relationships with suppliers to identify key levers for reducing carbon footprint within supply chains
  • Developing concrete carbon impact reduction projects involving customers (e.g., improved cookstoves in Burkina Faso)

Supply Chain Management

Supplier Audits: Annual assessment of all suppliers

Responsible Procurement
  • Partner with OLVEA program
  • Supplier Empowerment Program
  • Fair Trade products
  • UEBT Verified Argan oil

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: EcoVadis Platinum Medal, SMETA, Fair for Life, UEBT

UN Sustainable Development Goals

  • SDG 8
  • SDG 13
  • SDG 14
  • SDG 15

Sustainable Products & Innovation

  • Upcycled vegetable oils
  • Macadamia oil

Awards & Recognition

  • EcoVadis Platinum Medal