Deoleo
Edible oil manufacturer
World's #1 olive oil producer, and Spain's 2nd largest listed food company. Its Carbonell brand is the best selling olive oil brand in the world. Bought the Bertolli olive-oil and vinegar business from Unilever in 2008. Previously known as SOS Group, it changed its name to Deoleo in 2011 after selling its rice division to focus on olive oil.

Overall

Owned UK
Rating F
About the Ratings

Company Ownership

Deoleo SA
ESP
CVC Capital Partners Ltd
owns 50% of Deoleo SA
UK
Private equity firm
Founded in 1981 and today manages US$71 billion in funds throughout Europe, Asia and the US.

Company Assessment

(Last updated Jan 2025)
Deoleo SA
Criticism
Misleading advertising
In 2018 this company's US subsidiary agreed to pay US$7 million to settle a class action lawsuit alleging it made misrepresentations about Bertolli olive oil being "Imported from Italy".
Information
Environmental claims
This company has a publicly available Environmental Policy on its website.
CDP Climate Change score of C
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of C.
Source: CDP (2023)
CDP Water Security score of C
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of C.
Source: CDP (2023)
CVC Capital Partners Ltd
Criticism
0.5/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2022 and received a score of 0.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
Involvement in gambling
This company has investments in two gaming companies, Tipico and Gaming1.
7.3% in Financial System Benchmark
The 2025 Financial System Benchmark ranks 400 financial institutions across five distinct measurement areas: Strategy, governance and stewardship, Financing climate and nature protection and restoration, Environmental footprints, Inclusive finance and Responsible business conduct. This company ranked #244/400, with a total score of 7.3 out of 100. The average score was 12.2 and the highest score was 43.
15% in Gender Benchmark
In 2023 and 2024, the World Benchmarking Alliance assessed 2,000 companies on their efforts to drive gender equality and women's empowerment across their entire value chain. Companies are assessed on governance and strategy, representation, compensation and benefits, health and well-being, and violence and harassment. This company scored 15 out of 100. The average score was 15.3 and the highest score was 51.
Information
UN Principles for Responsible Investment signatory
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
CVC Foundation
In June 2011, the company established the CVC Foundation to take its philanthropy programme to the next level.
Sustainability claims
This company has sustainability claims on its website.
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Company Details

Type:
Public company
Founded:
1955
Revenue:
561 million EUR (2019)
Subsidiaries:
Deoleo Australia Pty Ltd
Edible oil importers
Formerly known as Minerva Australia.

Contact Details

Address:
Madrid, Spain
Website:
www.deoleo.com/en

Products / Brands

Deoleo
1866 Olive Oil
Carbonell Olive Oil
Deoleo Australia
Azalea Cooking Oil
Bertolli Olive Oil
Dante Olive Oil
Lupi Olive Oil
Lupi Vinegar
Minerva Olive Oil