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