30th Aug, 2022
ofi secures inaugural US$1,975 million sustainability-linked loan
Singapore olam food ingredients (“ofi”), a global leader in naturally good food & beverage ingredients, announced today that it has secured a multi-tranche sustainability-linked facility aggregating US$1,975 million (the “Facility”). ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (now Olam Group Limited “Olam Group”) to unlock and maximize its long-term value. Rishi Kalra, Executive Director and Group CFO of ofi said: “At ofi, sustainability is at the heart our operations. This Facility is fully aligned with ofi’s growth strategy to deliver sustainable, natural, value-added food and beverage ingredients and solutions through a diverse channel mix, to customers across the globe.” The Facility has Olam Holdings B.V. as a Borrower. The Facility is initially guaranteed by Olam Group which will transfer to ofi Group Limited post the planned IPO and demerger of ofi. Proceeds from the
9th Jun, 2022
Olam launches climate-tech venture Terrascope to enable enterprises to achieve their Net Zero ambitions
Terrascope’s smart carbon management platform offers GHG measurements which are on average five times faster and show 25% improvement in data confidence Commercial trials across four industry sectors and 15 countries measured over 230 million metric tonnes of GHG emissions Singapore Olam has launched its climate-tech venture Terrascope to empower 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 & Beverage, Agriculture, Real Estate, and Consumer Goods – across 15 countries. Current commercial trials are underway with businesses across diverse industries and sectors in the UK, France, Indonesia, Japan, Malaysia and Singapore. Terrascope’s platform is an Enterprise-grade Software as a Service (SaaS) powered by Data Science and Machi
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.”
28th Oct, 2022
Olam Agri Cameroon marks World Breast Cancer Awareness Month
In honor of Breast Cancer Awareness Month, Riz Mémé in partnership with Olam Agri Cameroon, launched a week-long awareness campaign to spread knowledge on breast cancer, its preventive measures, and ways to combat the disease. The campaign included various activities highlighting the importance of adopting a healthy lifestyle, methods of prevention, early detection, screening and a donation exercise.
16th Nov, 2022
Enhancing Workforce Nutrition in Ghana
As part of its efforts to improve workplace nutrition and promote healthy living among employees, Olam Agri Ghana is providing fortified rice to employees across all 6 locations during lunchtime.