Goldtree - Sierra Leone

Goldtree Sierra Leone Ltd., established in 2007, is a palm oil producer strategically repositioned to serve the growing global demand for certified organic crude palm oil (CPO), which commands a price premium and demonstrates lower price volatility compared to conventional palm oil. The company’s supply base includes plantation farms and nearly 10,000 organic and RSPO certified smallholders. Through improved agronomic practices and the introduction of high-yielding varieties across both outgrower and nucleus farms, Goldtree aims to increase its CPO output to more than 10,000 MT, targeting premium markets in Europe and Asia. 

In 2023, a USD 1 million trade finance facility was signed with Goldtree to support the company’s growing sourcing and export of organic and deforestation-free palm oil. The investment was made with the expectation that it would deliver significant socio-economic impacts by integrating an additional 2,000 smallholder suppliers and generating incremental income of approximately USD 100 per year for more than 10,000 smallholders. The investment was also expected to promote gender inclusion, with the number of female smallholders projected to increase to more than 1,600. In addition, employment was projected to expand substantially, with the number of jobs increasing from 235 to 540 over five years, offering an average annual income of approximately USD 1,270 per job.

SDGs