Annual Report 2021

    Transforming to serve a changing world.

    Chairman’s Letter

    The year was ground-breaking as we posted our highest-ever revenues, as well as the reported and operational PATMI. The Group became a Fortune 500 company and laid down a clear marker for our future growth. We continued to progress on our transformation journey, resulting in the creation of three new business groups under our Re-organisation Plan to drive growth and unlock value for our existing shareholders, and attract new investors to provide new capital for growth.

    Lim Ah Doo Chairman, Non-Executive and Independent Director
    Group CEO's Review

    We had a banner year despite the continued impacts from COVID-19 and the adverse macro-economic and geopolitical environment, announcing our strongest reported and operational PATMI since Olam was founded. This reflects the resilience, continued strength and differentiation of our business model. The benefits of focus through the Re-organisation exercise have yielded strong growth for ofi and Olam Agri, and they are now well poised to succeed and flourish as independent new entities.

    Sunny Verghese Executive Director, Co-Founder and Group CEO

    Our Capitals

    Across our footprint, we create value for Olam and our stakeholders by investing in our non-financial Capital. Our management of these can enhance or erode value, as well as strengthen or affect trust with stakeholders.

    Read about how we determine what’s material to our business and the important collaborations which help us make positive and marked impact. 

    Human Capital
    Human Capital

    The talent, skills and inspiration of our workforce, and our responsibility to provide a safe and healthy workplace where their rights are respected.

    Natural Capital
    Natural Capital

    The land, water, biodiversity and other ecosystem services required for food, feed and fibre crops to grow.

    Intellectual Capital
    Intellectual Capital

    The knowledge and IP that we create to keep us ahead of our competitors.

    Social Capital
    Social Capital

    The relationships we forge and nurture with suppliers and communities where we operate, for long-term commercial success.

    Manufactured Capital
    Manufactured Capital

    The equipment, tools, and infrastructure owned, leased or controlled by our organisation and required to serve our customers.

    Intangible Capital
    Intangible Capital

    The trust in our brand and our reputation which helps establish stakeholder partnerships. 

    Risk
    Risk

    The Risk Office monitors, controls, and reports on the key risks across the business. 

    Response to the TCFD
    Response to the TCFD

    Olam is committed to ensuring transparency and action around climate-related risks and opportunities. 

    Group of young people in an office
    Sustainability Finance

    Multi-capital accounting goes beyond financial accounting, and helps organisations become more resilient while also contributing positively to the world.

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