It implements cross-cutting initiatives, such as AtSource; drives key enablers such as sustainability and digital transformation; and offers shared services across the group. It is responsible for the divestment of non-core assets and businesses identified in the Strategic Plan and redeploying capital for further growth, as well as for nurturing gestating businesses to full potential. As an entrepreneurial organisation, Olam explores and incubates new initiatives for future growth.
We nurture gestating businesses to help them reach their full potential. Currently these include Packaged Foods consumer business, ARISE Infrastructure and Logistics and Olam Palm Gabon.
As an entrepreneurial organisation, both colleagues and partners create initiatives which we develop into services and businesses for future growth, we are currently developing six.
Through our Strategic Plan, we identified businesses which no longer support our focus. We will responsibly divest these and redeploy our capital for further growth.
Jiva is a venture incubated by Olam with a clear mission to transform smallholder farming and improve the lives of farmers.
It offers farmers free agronomic advice, credit for farm inputs, a platform to sell and deliver inputs, and guaranteed purchase of crops. The initiative is operational in Indonesia and India under the brands Jiva and AgriCentral, respectively.
We have identified an opportunity to leverage our foot printing knowledge to empower individuals to reduce their environmental impact by making informed choices.
We pilot launched Adva, our consumer lifestyle app in Singapore in December 2020. We continue to improve the platform look to expand to the wider Singaporean public soon and are developing an equivalent for corporates called GreenPass.