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Annual Report 2020

Unlocking long-term value and driving sustainable growth.

Annual General Meeting 2021

We will be conducting the twenty-sixth Annual General Meeting on Friday, 23 April, 2021.

We are a Purpose-led Company

We seek to re-imagine Global Agriculture and Food Systems, providing food, feed and fibre that is better for farmers, communities and our world.

Providing Food Feed and Fibre

Whether its working with coffee farmers in Africa, growing our almonds in Australia, or developing innovative cocoa and spice ingredients in the USA, we help our customers meet increasing consumer demands for sustainable sourcing and healthy foods.

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Our Global Footprint

Across 6 continents, our farms, buying teams and processing facilities are based in key growing regions for more secure supply and access to markets.

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Living Our Purpose

With our sector facing huge challenges, we aim to re-imagine global agriculture so that it is better for the over 5 million farmers in our extended supply chain, their communities and our planet.

An Olam employee on the backdrop of a field

Re-imagining Global Agriculture

Our Purpose extends beyond our own boundaries and is driven from the grass roots of our business.

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Young children studying in a community school for coffee growers in Africa, Tanzania, co-founded and supported by Olam.

Why Agriculture Needs Re-imagining

We have a responsibility to help create and sustain living landscapes.

Our Commitment During the COVID-19 Pandemic

As we navigate the different stages of the coronavirus pandemic and the consequent economic and social impacts across our different geographies, our number one priority will always be safeguarding and supporting our people - employees, as well as those in our communities.

Latest News

Catch up on the latest Olam news and delve into how we’re driving innovation and change through our blog series.

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Press release

8^th Apr, 2021

Olam launches 2020 Annual Report: “Unlocking long-term value and driving sustainable growth”

Singapore Global food and agri-business Olam International Limited today published its 2020 Annual Report, which outlines the Company’s financial and non-financial performance for the year. This includes how Olam: Successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020 Strong execution of the Group’s Strategic Plan to drive sustainable growth Made significant progress on its Re-organisation Plan to unlock and maximise long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA) Continued to live out its Purpose of ‘Re-imagining Global Agriculture and Food Systems’ Sunny Verghese, Co-Founder and Group CEO of Olam, said: “2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0% to S$677.8 million even as we contended with the COVID-19 pandemic. We also made sig

News

2^nd Nov, 2020

Launch of digital initiative will strengthen support and engagement with rural communities in Republic of Congo

Operating in the north of the Republic of the Congo, Congoalise Industrielle des Bois has been present in the region since 1968. The Corporate Responsibility and Sustainability team of CIB have immense knowledge about the region. Every week they go out on the field to sensitise the communities and indigenous populations on various themes pertaining to health, safety, rights, and family related issues. Earlier this year, we launched Project OKA, where audio related to various topics was recorded in Lingala and Mbengele in questions-answers format, and saved in devices for the communities to listen. However, there is a human element in these visits that no device or technology can replace. When the members of the social teams return, they report their observations over discussions or emails to the team. This deep understanding of the region is always supported with pictures, videos, audio interviews. However, this fragmentation of the knowledge, and the loss in narrative when the emplo

Blog

16^th Mar, 2021

7 principles for improving economic opportunity for farmers and rural communities

Smallholder farmers are the foundation of the global agriculture and food sector. It’s estimated that they produce around 30% of total crop production, making them critical to global food security. Olam relies on around 5 million smallholders for crops like cashew, cocoa, coffee, cotton and rice. Their ability to produce high yields of good quality and to earn a decent living is key to both short-term gains and to responsibly growing the business in the long-run. At the same time, limited access to education, agri-training and technology, and banks and credit, result in yields being much lower than they should be. This threatens the reliability of Olam’s supply, while low incomes perpetuate poverty and discourage the next generation from becoming farmers. There are 760,000 smallholders in Olam’s sustainability programmes - an uplift of 40% over the last two years, with farms covering 1.4 million hectares. Our approach to unlocking the economic potential of farmers through these progr

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