Blog
Read about the latest developments across the business, 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
23rd Jun, 2021
Olam Food Ingredients announces targets to tackle poverty and scale up sustainability in global cashew supply chains
London
Today Olam Food Ingredients (“OFI”), one of the world’s largest suppliers of ingredients* from almonds to black pepper, has published sustainability targets to tackle the biggest challenges in the global cashew supply chain, starting with farmer livelihoods.
Cashew farmers are among the poorest in the world. Most are smallholders in rural areas across Africa and Asia and cannot always grow enough to feed their families, afford much-needed healthcare or send their children to school. OFI, which has directly supported over 50,000 cashew farmers over the last decade, hopes to change this and encourage others in the sector to collaborate for measurable change.
The Cashew Trail strategy sets 2030 targets across OFI’s cashew business – in line with the United Nation’s Sustainable Development Goals1 and OFI’s commitment to deliver naturally good, sustainable ingredients. These include ambitious goals to fight poverty by increasing avera
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
11th Jun, 2021
UN World Day Against Child Labour 2021: Putting children first in cocoa
By Andrew Brooks, Head of Cocoa Sustainability, Olam Food Ingredients (OFI)
This week, the world’s attention turns to a heavy burden that can damage a child’s health and education: child labour. In OFI’s cocoa business, we are focused on solving this problem every day.
Most child labour in cocoa relates to children carrying out hazardous tasks on the family farm, distinct from the much rarer issue of forced labour, and has no one cause. Labour laws can be misunderstood, and schools might be located far away. Even if there is a school nearby, children may not have the documents they need to enrol. When combined with rural poverty, many parents think their child’s time is best spent helping on the farm. And now, these cocoa-growing communities are also battling a global health pandemic.
We’re working to tackle each of these challenges in turn. Under our Cocoa Compass sustainability ambition, we aim to completely eradicate child labour from our direct supply chain by 2030 and ens
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