The Remaining Businesses of Olam Group comprises Olam Ventures, Olam Technology and Business Services and Olam Global Holdco (OGH). Olam Ventures incubates new platforms for growth (Engine 2 initiatives) while Olam Technology and Business Services provides shared services to the operating groups. Olam Global Holdco holds the de-prioritised and gestating assets. It will responsibly divest these non-core assets and nurture and partially/fully monetise the gestating assets.
We nurture gestating businesses to help them reach their full potential. Currently these include Packaged Foods consumer business, ARISE Port 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 improve smallholder farming and 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.
Terrascope is a climate-tech venture that empowers companies to accurately and efficiently manage and reduce their carbon emissions.
Since the beginning of its commercial trials, Terrascope has measured over 230 million metric tonnes of Greenhouse Gas (GHG) emissions for companies from industry sectors with complex supply chains – Food and Beverage, Agriculture, Real Estate, and Consumer Goods – across 15 countries.