Press release
28th Aug, 2025
Olam Group to closedown Jiva Ag as part of Updated 2025 Re-organisation Plan - Strategic decision supports the Group’s focus to conserve cash and de-leverage Remaining Olam Group
Singapore
Olam Group Limited (“Olam Group”) today announced its decision to close Jiva Ag, the digital farmer services platform developed by Nupo Ventures of the Remaining Olam Group.
A total of 606 employees across Singapore, Indonesia, India and Australia will be affected –eight are from Singapore, 531 in Indonesia, 66 in India and one in Australia. Olam Group is supporting impacted employees with redeployment opportunities within the Group, or severance packages aligned with local regulators and practices. They will be provided with outplacement services and access to the Group’s employee assistance programme.
Rationale
This decision follows its Updated 2025 Re-organisation Plan1 announced in April 2025, which aims to de-lever the Remaining Olam Group’s balance sheet, making it debt-free and self-sustaining, and to responsibly divest all of its assets and businesses over time.
The Group has made the difficult but necessary decision to close Jiva Ag in light of
News
22nd Aug, 2025
Olam Group advances in corporate governance and transparency rankings
We are pleased to receive an improved score of 81.8 in the Singapore Governance and Transparency Index (SGTI) 2025 (2024: 77). The SGTI is a benchmark ranking for Singapore-listed companies and this year its scope of assessment was expanded to incorporate additional sustainability disclosures, including climate reporting. Olam’s score compares with the overall SGTI 2025 score of 70.9 in the general category.
As we continue on our Re-organisation journey to unlock value in Olam for our stakeholders, we will remain true to upholding governance frameworks that support sustainable value creation in line with the evolving expectations of our investors, customers, and communities worldwide.
About the SGTI
The SGTI, jointly conducted by CPA Australia, NUS Business School's Centre for Governance and Sustainability, and the Singapore Institute of Directors, evaluates SGX-listed companies on governance practices and transparency in financial disclosures.
Blog
20th Mar, 2023
Building a Business that Conserves Forests, One Step At a Time
“I have worked in the Congo basin for years, but nothing could have prepared me for the moment when I was just steps away from Buka, who belongs to one of the four groups of habituated silverback gorillas living in the vicinity of our forest concessions in the Congo Basin,” says Vincent Istace, Head of Corporate Responsibility & Sustainability at Congolaise Industrielle des Bois (CIB), an Olam Agri subsidiary.
Personal pictures of Paki Paki taken by Vincent Istace in 2021. © Vincent Istace
“This landscape is ideal for wildlife viewing compared to other natural forests in the area. The forest is more open, making it easier to see and spot gorillas and other wildlife. This feature has made sites such as Mondika one of the world’s most interesting spots for the study of great apes.
It may surprise some to hear that critical gorilla and chimpanzee habitats around the buffer zones of Nouabale-Ndoki National Park, are also where sustainable timber harvesting is practiced.”
Forest
