Shekhar has been an Executive Director on the Company’s Board of Directors since 1998 and is currently a member of the Board’s Capital and Investment and Risk Committees. He has been a member of the Group’s Executive Committee since its inception.
News from around the group
15th Oct, 2018
Olam calls for urgent international cooperation to reduce major greenhouse gas footprint of rice production
Singapore – Urgent action is needed by the agri-sector along with brands, retailers, financial institutions, scientists and governments to implement solutions to limit methane emissions from rice production, while improving farmer livelihoods and food security. This has to take into account that many rice consumers are unable to pay more.
At the 5th International Rice Congress in Singapore this week, Sunny Verghese, Co-Founder and Group CEO of Olam, one of the world’s largest rice traders, will call on all stakeholders to advance the implementation of the Sustainable Rice Platform (SRP) Standard which promotes climate-smart practices. To achieve real scale, a raft of additional measures such as financial market support, reduced tariffs and freeing up capital by promoting the benefits of sustainable rice to more affluent consumers, are required.
Mr Verghese explained, “Rice production emits the same level of CO2 equivalent as Germany through methane emissions1. But climate change miti
Using Digital to Transform Aqua Feed Operations in Nigeria
Olam’s Animal Feed and Protein (AFP) business in Nigeria works closely with the Nigerian fish farming community. This community is an integral part of Nigerian economy and Olam’s Aqua Feed operations.
Olam AFP has a team of Aquaculture Technical Executives (ATE’s) spread across Nigeria who interact with the farmers regularly. As valued customers of Olam, the farmers receive customized technical advisory service around farm management from their respective ATE, which helps ensure a good yield.
We recently launched a digital solution focused primarily on enhancing our engagement with the farming community. The Aqua Feed Management digital solution has three applications:
Farmer mobile app: for real time data capture, farm reports and ROI calculation
Mobile app for Olam’s Aquaculture Technical Executives (ATE’s): to manage the farms by exception and provide prompt advisory service to farmers
Mobile app for Olam Managers: to monitor farm and ATE’s performance