Press release
1st Dec, 2021
Olam secures US$150 million loan to purchase sustainable cotton under the Better Cotton Initiative
Singapore
Leading global food and agri-business Olam International Limited (“Olam’’) has secured a financing facility (“the Facility”) linked to the procurement of sustainable cotton under the Better Cotton Initiative (“BCI”).
Aggregating US$150 million, the Facility has a 2-year tenor and has Olam Treasury Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as co-borrowers. Proceeds from the Facility will be used for procurement of sustainable cotton licensed by BCI.
N Muthukumar, Group CFO of Olam, said:
“Olam continues to re-imagine what sustainable financing can look like through innovative, purpose-driven initiatives that have the strong support of our banking partners. This Facility supports Olam’s procurement of sustainable cotton via the Better Cotton Initiative, while combining Olam’s operational ability, leadership position in cotton and sustainability focus with the banks’ objective of supporting more financing linked to sustainable activities.”
Press release
17th Dec, 2020
Olam named Asia Pacific’s best company to work for by Kincentric
Singapore
Olam International has been named by Kincentric as Regional Best Employer Asia Pacific in 2020 for the first time for upholding a strong workplace culture and deep employee engagement amid the challenges of COVID-19. The company is consistently seen as an employer of choice in regions it operates in.
This year, Olam Vietnam and Olam China were named by Kincentric as the best employers in their respective markets – which contributed to the APAC award accolade. Earlier in July 2020, for the second consecutive year, Olam Brazil was recognised by Great Place to Work (GPTW) as one of Brazil’s best employers, ranking fifth among all large agribusinesses in the country.
Joydeep Bose, Managing Director and Global Head, Human Resources, Olam International Limited, said,
“Our biggest challenge this year has clearly been to support our colleagues globally through COVID-19, even as we keep agri-food supplies arriving at tables globally while executing on our ambitious re-org
News
14th Sep, 2018
Olam named one of best companies to work for in Vietnam and Indonesia
Olam has been recognised for its strong workplace culture and employee engagement, with Olam Vietnam Limited and PT Olam Indonesia being named as among the best companies for work for in their respective countries by HR Asia Magazine.
Olam Vietnam was selected by the human resource publication in its inaugural list of Best Companies to Work for in Asia 2018 Awards – Vietnam Edition. This was Olam’s second time on the list this year – having received the same accolade for Olam Indonesia in the Indonesia edition of the award in May 2018.
Prakash Jhanwer, President of Southeast Asia and China, Olam International, said, “We are delighted and honoured to receive these awards for both our Vietnam and Indonesia operations. Our people are our most important asset and we are committed to fostering an environment for employees to thrive. We will continue to strive to be an employer of choice in these regions and globally.”
Blog
1st Dec, 2020
A Sustainable, Equitable Food System Needs to be Nourished at the Source
COVID-19 has exposed many of the vulnerabilities in our food system, one of which is just how reliant global supply chains are on people’s well-being at every step of the journey. The small-scale farmers in emerging markets who produce much of the world’s food ingredients, live in countries that face high rates of malnutrition, with many farming households unable to eat healthily themselves.
The strong link between health and agricultural productivity is one of the reasons nutrition has moved up the sustainability agenda for Olam. Malnutrition is said to cost the private sector as much as $850 billion a year in lost productivity, according to a recent Chatham House reporti, with much of this borne by the ag sector given the labour intensity of farming. So as a business that plans to run efficiently for the next 30, 50 years and beyond, helping to reduce malnutrition in the communities where we operate is actually a down payment on future productivity.
Financial incentive aside,
