Cocoa Trader Olam Says New EU Law May Force It To Drop Some Suppliers

May 7, 2021 EcoVadis ‏‏‎

Commodity trader Olam has said that new European Union legislation aimed at preventing the import of commodities linked to deforestation and human rights abuses might force it to stop using some of its cocoa suppliers.

Olam and other global companies with operations that include countries where environmental and human rights abuses are widespread, face increased pressure from consumers and lawmakers to source their products ethically.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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