Olam International Limited is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 20 products with a direct presence in 65 countries and supplying them to over 11,600 customers. With direct sourcing and processing in most major producing countries for its various products, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and wood products. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), MSCI Singapore Free, S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Forbes. More information on Olam can be found at www.olamgroup.com
Olam’s sustainability initiatives are closely aligned with the core business and aim to make a meaningful impact on the countries and communities in which the company operates. Olam has 110 Corporate Responsibility & Sustainability programmes across 30 countries which impact the lives of 1.5 million farmers through income generation, food security, local infrastructure development, health awareness and primary education programmes. In May 2011 Olam launched the Livelihood Charter – a framework to improve the economic, social and environmental welfare of small-scale farmers and their communities, based on a set of 8 Principles, one of which takes into account the Environmental Impact of farming activities.
About Rainforest Alliance
The Rainforest Alliance works with people whose livelihoods depend on the land, helping them transform the way they grow food, harvest wood and host travellers. From large multinational corporations to small, community-based cooperatives, businesses and consumers worldwide are involved in the Rainforest Alliance’s efforts to bring responsibly produced goods and services to a global marketplace where the demand for sustainability is growing steadily. For more information, visit www.rainforest-alliance.org.
Rainforest Alliance certification — awarded to farms that meet the comprehensive standards of the Sustainable Agriculture Network (SAN) — focuses on how farms are managed. The SAN standards encompass all aspects of sustainability (social, environmental and economic) and empower farmers with the knowledge and skills to negotiate for themselves in the global marketplace. Farmers engaged in the Rainforest Alliance Certified programme learn to grow smart, increasing their bottom line today, and conserving the fertile soils and natural resources on which their children will depend tomorrow.
The SAN standards focus equally on the three pillars of sustainability, rather than biasing one (such as economic) over the others. The SAN standards include the most comprehensive environmental criteria in existence. They cover an array of areas, including: soil and water conservation; the protection of wildlife and forests; planning and monitoring; responsible waste management; and the prohibition of dangerous pesticides and genetically modified organisms. Additionally, the SAN standards encompass a range of worker protection issues identified by the International Labour Organization, including the right to organise; the right to a safe, clean working environment; the right to be paid at least the national minimum wage; the right to dignified housing (including potable water); access to medical care for workers and their families; and access to free education for children. Farmers who work with the Rainforest Alliance also learn to increase productivity and control costs, often producing higher quality crops that can earn a better market price.
The Forest, Climate and Communities Alliance (FCCA) project is an initiative funded by the United States Agency for International Development (USAID) Global Development Alliance (GDA) The Norwegian Development Agency (NORAD) and implemented by Rainforest Alliance (RA) in two countries: Ghana and Honduras. The project among other things is designed to demonstrate the value of ecosystem services, focusing on forest carbon and co-benefits through Reduced Emissions from Deforestation and Degradation (REDD) and using Sustainable Forest Management (SFM) as a main instrument to arrest the drivers of degradation and deforestation.
Its overall goal is to:
Increase economic opportunities for poor, marginalized forest-based communities and community-based forest enterprises (CBFEs), and combat deforestation and degradation of tropical forests that is contributing to global climate change and loss of biodiversity by adding REDD as part of an integrated approach that uses sustainable forest management as its central instrument.