Blog
Read about the latest developments across the busines, Including our global sustainability initiatives.
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Business Model and Strategy
Olam’s business today involves supplying food, feed and fibre to more than 17,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing, ingredient manufacturing and distribution operations, as well as a sourcing network of an estimated 5 million farmers. Olam’s business model is based on four elements which set our future direction.
Shareholding Structure
Olam was established in 1989 by the Kewalram Chanrai Group (KC Group), one of the oldest international companies in Africa and Asia with more than 150 years of trading history. Over the past 30 years, Olam has developed into a global agri-business headquartered in Singapore with market leadership positions in many of its businesses. Our success has enabled us to attract co-sponsors, strategic and long term investors, as well as world-class institutional investors, providing stability and business and financial strength to the Company.
Financials
Our Company reports our financial results quarterly and holds media and analyst meetings for these announcements. You can read about our reporting metrics, access our results webcasts, or check out our interactive financial analysis tool.
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Governance
Olam is committed to observing high standards of corporate governance and harnessing these practices in keeping with its overarching philosophy of delivering sustainable, profitable growth and building capabilities with integrity. The Board constantly reviews the Company’s corporate governance practices and seeks to align its practices with the Code of Corporate Governance. Sustainability and stakeholder engagement remain our core focus.
News, Views and Insights
8th 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
2nd 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
16th 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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